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    OFF-MARKET
    Commercial real estate

    140 1st S St, Hackensack, MN 56452-2651

    1,791 SF
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US46-1284349
    Property summary
    AI-generated overview

    This exceptional investment opportunity in Hackensack, MN, presents a thriving restaurant business, a profitable duplex, and a billboard lease – all in one package! The 3,890 square foot property includes a well-established pizza restaurant, complete with all equipment, retail shelving, and inventory. The restaurant is renowned for its delicious pizza, extensive selection of retro candy, and unique gift offerings. Significant expansion potential exists, thanks to a large patio and ample outdoor space. Adding to the income stream is a duplex featuring two one-bedroom, three-quarter bathroom units, each with its own charm. A convenient attached two-car garage and shared laundry room cater to the tenants' needs. The property's prime location across from the city park and Birch Lake, adjacent to an ice cream shop and brewery, creates a vibrant and family-friendly atmosphere. The included billboard lease south of town provides additional passive income. This unique combination of established business, rental income, and prime location offers a compelling investment opportunity with substantial upside. The 0.01-acre lot provides ample space for the existing buildings and outdoor areas. This is a rare chance to acquire a turnkey operation with immediate cash flow and significant growth potential in a thriving community. Don't miss this chance to own a piece of Hackensack's vibrant business scene.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 1,791 SF
    APN 89-337-0640
    UPID US46-1284349
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    John M Chuba · 5 yrs held
    John M Chuba
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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