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Property profile & analytics
OFF-MARKET
Commercial real estate

102 Coffee St Lanesboro, MN 55949-2607

Entity Owned 5-yr Hold Free & Clear
Property ID
US46-2610152
Property summary
AI-generated overview

This exceptional Lanesboro, Minnesota, establishment presents a unique opportunity to acquire a thriving, turnkey business and real estate package. The 2,000-square-foot building, constructed in 1924 and extensively renovated in 2019, boasts a charming character while offering modern amenities. The two-story structure features two levels of indoor seating, accommodating approximately 70 patrons, plus additional outdoor seating on maintenance-free decking. The well-equipped kitchen includes a full hood system with a fire suppression system, allowing for diverse culinary options. The bar offers an impressive selection of 60 wines, 50 bourbons, and 12 rotating local craft beers, complemented by locally sourced small plates. The property benefits from a new HVAC system and is conveniently located near the scenic Root River, making it ideal for attracting both local and tourist clientele. The building's non-historic status allows for future modifications to suit individual needs. This is a rare chance to own a profitable, established business in a picturesque Minnesota town, offering a blend of established success and potential for future growth. The property includes one building on two stories. The address is 102 Coffee St W, Lanesboro, MN 55949.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 19.0084.000
UPID US46-2610152
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Preston Specialities INC · 5 yrs held
Preston Specialities INC
since 2021
3 recorded transactions
2021
Price N/A
2020
Price N/A
2019
$250,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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