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Property profile & analytics
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k
Owner & transaction history
Douglas P Baer · 11 yrs held
Douglas P Baer
since 2014
2 recorded transactions
2014
Price N/A
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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