Property profile

130 Oak N Ave Annandale, MN 55302

OFF-MARKET
Bowling alleys
Property ID
US46-0991026
13,650 SF 0.18 ac lot Built 1959
Entity Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-maintained bowling center located at 130 Oak Avenue N, Annandale, Minnesota. Spanning 14,093 square feet on a 0.14-acre lot, this established business boasts a proven track record of positive cash flow. The current owners are retiring, making this a rare chance to acquire a turnkey operation with immediate income potential. The property is in excellent condition and ready for a new owner to continue its success. All equipment is included in the sale, ensuring a smooth transition. The center's strong reputation within the Annandale community provides a solid foundation for continued growth and profitability. Financial records demonstrating consistent positive cash flow are available upon request, allowing potential buyers to thoroughly assess the investment's viability. This is an ideal acquisition for an experienced entrepreneur seeking a profitable, established business in a desirable location. The sale price is $850,000. Serious inquiries only. Don't miss this unique opportunity to own a thriving bowling center in a vibrant community. Contact us today to schedule a showing and explore this exciting investment prospect further. The property is sold as-is.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,650 SF
Lot 0.18 ac (7,971 SF)
APN 102-020-003030
UPID US46-0991026

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
  • Bowling Alley

Location

130 Oak N Ave Annandale, MN 55302-1200
Annandale metro Census 100402 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2009
4 recorded transactions
2009
$332,000
2009
$500
2007
$520,000
1969
Price N/A

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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