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    OFF-MARKET
    Turn key restaurants

    221 2nd NW St, Ortonville, MN 56278-1410

    2,280 SF Built 1900
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-2782617
    Property summary
    AI-generated overview

    This exceptional 2,280 square foot commercial property, located at 221 2nd Street NW in Ortonville, Minnesota, presents a unique investment opportunity. Situated on a 0.06-acre lot, this building boasts a prime Main Street location, previously home to the popular Lakeshore Wonders establishment. Known for its ice cream, coffee, and lunch offerings, the space is ideally suited for a restaurant or easily adaptable for retail use. The existing layout includes a substantial kitchen equipped with ample refrigeration (freezer and fridge space), extensive storage, and ample workspace, perfect for food preparation. The inviting storefront features large windows, drawing customers into a comfortable seating area enhanced by an ornate ceiling and decorative walls. The property is being offered at $150,000. This turnkey opportunity includes all necessary equipment and is ready for a new owner to capitalize on its established location and versatile design. The building's existing infrastructure and prime location make it an attractive proposition for a variety of businesses seeking a well-established space in a thriving community. Don't miss this chance to own a piece of Ortonville's Main Street.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1900
    Total area 2,280 SF
    APN 22-0175-000
    UPID US46-2782617
    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
    Current use
    Occupant on record · Public records
    • Lakeshore Wonders (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    WOODPECKER PROPERTIES LLC
    WOODPECKER PROPERTIES LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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