Property profile

116 Main Ave N Bagley, MN 56621

FOR SALE
Commercial real estate
Property ID
US46-2396948
Individually Owned Free & Clear
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Property summary

AI-generated overview

Prime Bagley, MN location! This turnkey 7,000+ sq ft bowling alley, established for generations, presents a unique investment opportunity. The property includes all recently updated bowling equipment, and the classic wood lanes are slated for resurfacing this fall. A full liquor license and FSA certification are in place, allowing for diverse business expansion. This income-producing property, built in 1950, sits on a 6,969.6 sq ft lot at 116 Main Avenue N, Bagley, MN 56621. The spacious layout offers potential for creative expansion, from a 1950s-themed cafe to a modern sports bar. Seize this chance to revitalize a beloved community landmark and capitalize on its established history and existing infrastructure. Asking price: $296,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 23.300.0300
UPID US46-2396948

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm
  • Bowling Alley

Location

116 Main Ave N Bagley, MN 56621
Bagley metro Census 100
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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