Property profile

100 Pkwy N Ave Lanesboro, MN 55949

OFF-MARKET
Turn key restaurants
Property ID
US46-2395139
408 SF Built 1900
Individually Owned 14-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional owner-user opportunity presents a well-established convenience store in Lanesboro, Minnesota. Located at 100 Parkway Ave S, this property boasts a prime location within Fillmore County, offering high visibility and convenient access for customers. The property comprises two buildings, each two stories high, situated on a 0.03-acre lot. Built in 1907, the buildings offer a blend of historical charm and functional retail space, perfect for an established business or a savvy entrepreneur looking to expand. The sale includes both the real estate and the existing convenience store business; the building is not available for purchase separately. This presents a unique chance to acquire a turnkey operation with immediate revenue potential. The property's Class C designation reflects its age and potential for renovation or modernization, offering further opportunities for value enhancement. The address is 100 Parkway Ave S, Lanesboro, MN 55949. This is an ideal investment for those seeking a profitable business venture with a strong foundation in a desirable Minnesota community. The property's location provides excellent visibility and accessibility, ensuring a steady stream of customers. The combined sale of the building and business offers a seamless transition for a new owner, minimizing the complexities of starting from scratch. This is a rare opportunity to own a thriving business and its accompanying real estate in a charming Minnesota town.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 408 SF
APN 19.0172.000
UPID US46-2395139

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100 Pkwy N Ave Lanesboro, MN 55949
Lanesboro metro Census 960600 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$220k

Owner & transaction history

since 2012
1 recorded transaction
2012
$90,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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