Property profile

13045 LAKE BLVD Lindstrom, MN 55045

OFF-MARKET
Mixed Use
Property ID
US46-1007570
983 SF 0.3 ac lot Built 1910
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Property summary

AI-generated overview

The property is a historic, Italianate-style brick restaurant building that includes a family-owned eatery operating from the Gustaf Anderson House, originally built in 1879 and listed on the National Register of Historic Places. Located in Lindström, Minnesota in the “Little Sweden” area, it sits along Minnesota Highway 8, the main thoroughfare, with the property described as having approximately 23,000 vehicles per day passing. The site comprises a 0.279-acre lot and features an on-site 10-space parking lot plus street parking. The building is configured with ADA-compliant facilities and includes a clean basement, multiple dining areas on the main level (including main and secondary dining spaces) and a back sunroom, plus an upper level with additional dining space, event space, an office, and an employee bathroom. An upper porch provides potential for outdoor seating expansion if desired. The listing indicates that the sale includes both the business and the building.

Property profile

Verified
Property type Mixed Use
Year built 1910
Total area 983 SF
Lot 0.3 ac (13,068 SF)
APN 15-00064-00
UPID US46-1007570

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
  • Take-out & Catering Catering Service

Location

13045 LAKE BLVD Lindstrom, MN 55045
Lindstrom metro
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Value estimations

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Owner & transaction history

since 2017
Last sale
$217,879
1 recorded transaction
2017
$217,879
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