10 Main StAltura, MN 55910

Property Details for 10 Main St

Year built

1970

Lot size

0.19 AC

Property size (Sq ft)

3,060 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

21.015.0160

APU

210150160

Description

This exceptional 3,300 square foot restaurant and bar, located at 10 N Main Street in Altura, Minnesota, presents a unique investment opportunity. Completely renovated and ready for immediate operation, this established business boasts a newly installed bar, ample seating, and a large, fully equipped kitchen. The attractive interior features stylish tile flooring throughout. A covered patio and stage provide additional space for entertainment and customer enjoyment. The property also includes a 0.19-acre lot, offering significant potential for expansion. An adjacent parcel provides further possibilities, perhaps for outdoor amenities such as the existing volleyball courts, or even as a commissary kitchen for food trucks. The property's meticulous upkeep is evident both inside and out, reflecting a commitment to quality and maintenance. This turnkey operation is ideally suited for an entrepreneur seeking an established business with immediate revenue potential. Multiple uses are possible, allowing for creative adaptation to suit a new owner's vision. The asking price is $210,000. Don't miss this chance to own a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $740,453

  6.5%

  $683,495

  7%

  $634,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $393,580

  Geo Method

  $393,580

• Alternative Use

  Use

  Valuation

  Residential

  $576,554

  Hospitality

  $528,120

  Educational

  $439,390

  Medical

  $454,501

  Retail

  $683,495

Location Insight

City

Altura

County

Winona

State

Minnesota

Latitude

44.0717

Longitude

-91.9392

CBSA code

49100

CBSA name

WINONA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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