Property profile

190 Progress Way Spicer, MN 56288

OFF-MARKET
Commercial real estate
Property ID
US46-2470109
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4.49-acre property in Spicer, Minnesota, houses the highly successful Big Kahuna Fun Park. Operating profitably for eight years with consistent year-over-year sales growth, this established business offers a unique blend of entertainment and dining. The park features miniature golf (a major revenue driver), go-karts, bumper boats, and a Godfather's Pizza Express franchise, providing diverse revenue streams. The three-building complex is situated on Highway 23, benefiting from high visibility and traffic in a prime retail and hospitality area. The B-2 Highway Commercial zoning allows for flexibility and potential expansion. The park operates seasonally, from Memorial Day to Labor Day, employing a dedicated seasonal staff. The property's location near Green Lake, a popular tourist destination, and the soon-to-open Tepetonka world-class golf course, ensures continued growth potential. Seller financing or contract for deed may be available to qualified buyers. This turnkey operation presents a compelling investment opportunity for owner-operators or investment groups seeking a profitable and established business in a thriving community. Financial details are available upon execution of a confidentiality agreement. The asking price is $1,150,000. The property includes APN numbers 85-540-0050 & 855350010. Located at 190 Progress Way, Spicer, MN 56288, in Kandiyohi County. The business is currently operating at 100% occupancy.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 85-535-0010
UPID US46-2470109

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
  • Restaurant
  • Arcade & Gaming Center Family Recreation Center

Location

190 Progress Way Spicer, MN 56288
Spicer metro Census 780400 WILLMAR, MN MICROPOLITAN STATISTICAL AREA
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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
$450k

Owner & transaction history

since 2026
5 recorded transactions
2026
$975,000
2023
Price N/A
2023
Price N/A
2020
$250,000
2016
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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