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    OFF-MARKET
    Turn key restaurants

    18081 169th Ave, Park Rapids, MN 56470-2086

    4,176 SF 1.84 ac lot Built 1988
    Entity Owned ~ Est. High Equity
    Property ID
    US46-2454259
    Property summary
    AI-generated overview

    This 5,790 square foot industrial property in Park Rapids, MN (56470), located at 18081 169th Avenue, presents a unique investment opportunity. Currently configured as a restaurant and bar (Silver Star Saloon & Eatery), the property boasts 76 restaurant seats, 25 bar seats, and a 34-seat outdoor patio complete with a volleyball court. All fixtures and equipment are included in the sale price of $575,000. The interior features a cozy Northwoods rustic ambiance, a fireplace, and a salad bar station. Recent renovations include a remodeled entryway, new flooring in the entry and bar area, a new bar, and updated tables, chairs, and light fixtures. The outdoor patio has been expanded with a new cement slab and fencing. An additional 326 x 73 foot building (former radiator shop) is also included, with existing plans for conversion into an event center. This building also contains partially finished living quarters. The property offers ample parking and benefits from highway visibility with power available on Hwy 34, allowing for potential business signage. This property offers significant potential for the right buyer to capitalize on its existing features and expand its operations.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1988
    Total area 4,176 SF
    Lot 1.84 ac (80,150 SF)
    APN 32.19.04200
    UPID US46-2454259
    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
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Honeysuckle Properties LLC
    Honeysuckle Properties LLC
    since 2025
    2 recorded transactions
    2025
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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