111 Broadway St, Wrenshall, MN 55797
This exceptional commercial property at 111 Broadway Street, Wrenshall, MN presents a unique investment opportunity. The 1,800 square foot building boasts a solid brick exterior and has been meticulously maintained for over three decades, establishing itself as a community cornerstone. Currently operating as a restaurant, the property includes a fully equipped commercial kitchen and two spacious dining areas with seating for more than 80 patrons. All existing furniture, fixtures, and equipment are included in the sale price of $350,000. The substantial 1.32-acre lot provides ample parking for 25 vehicles, plus additional open space ripe with development potential. Imagine expanding with outdoor dining, live music venues, or even adding an apartment complex or laundromat. The prime location on Broadway Street, directly across from the high school, offers diverse possibilities, from a coffee shop to a daycare center, or a combination of uses. This property's versatility and established presence in Wrenshall, with convenient access to Carlton and Duluth, make it an ideal platform for a thriving new business venture. Don't miss this chance to acquire a well-maintained, established property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.