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    FOR SALE
    Turn key restaurants

    204 1St Ave, Pemberton, MN 56078

    1,352 SF 0.16 ac lot Built 1950
    Individually Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-1889941
    Property summary
    AI-generated overview

    This exceptional business opportunity presents a well-established restaurant and bar ideally situated off State Highway 83 in Pemberton, Minnesota. Its central location between several towns ensures consistent customer traffic. The single-story building boasts two additions, completed in 2016 and 2018, enhancing its functionality and space. A durable metal roof provides long-term protection, while a nicely fenced patio area offers ample outdoor seating. The property also features a large parking lot for customer convenience. Inside, the restaurant showcases numerous updates and desirable amenities. Two distinct bar areas cater to diverse customer preferences, complemented by an array of tables, stools, and high-top seating. A large bathroom with ceramic tile adds a touch of modern elegance. This turnkey operation includes the building, land, existing inventory, and all appliances. The property's strong performance history and desirable features make it a highly lucrative investment. This is a truly exceptional opportunity for an experienced restaurateur or a savvy investor looking to enter the thriving hospitality market. The property's strategic location and established customer base provide a solid foundation for continued success and growth. Don't miss this chance to own a profitable and well-maintained business in a desirable Minnesota town. Schedule your showing today.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Total area 1,352 SF
    Lot 0.16 ac (6,846 SF)
    APN R16.20.01.377.005
    UPID US46-1889941
    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
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    Owner & transaction history
    Douglas P Baer · 11 yrs held
    Douglas P Baer
    since 2014
    2 recorded transactions
    2014
    2009
    $20,800
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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