Property profile

1423 5th Ave Anoka, MN 55303

OFF-MARKET
Turn key restaurants
Property ID
US46-3198097
3,692 SF 0.44 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,692 SF
Lot 0.44 ac (19,166 SF)
Zoning code B-6
APN 07-31-24-23-0008
UPID US46-3198097

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
  • Bakery Specialty Food Shop

Location

1423 5th Ave Anoka, MN 55303-2742
Anoka metro Census 50501 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2018
Price N/A
2013
$30,000
2010
$243,448
2006
$350,000
2006
$250,000

Zoning & alternative use

B-6 · Anoka, MN
Zoning description

The purpose of the B-6 Neighborhood Commercial Business District is to provide appropriately located areas for low intensity retail stores, offices, and personal service establishments patronized by residents of the neig…

General category COMMERCIAL

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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