10 Main St, Altura, MN 55910-9404
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 rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
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.