Property profile

230 Main N St Pierz, MN 56364

OFF-MARKET
Turn key restaurants
Property ID
US46-1962265
2,358 SF Built 1972
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire a thriving, well-established business situated on the highly trafficked Highway 25 in Pierz, Minnesota. The property, located at 230 Main Street N, encompasses a substantial 2,358 square feet on a 0.09-acre lot. The building boasts significant recent improvements, including a substantial addition completed in 2019. This addition features a brand-new, modern kitchen, a key factor in expanding the customer base for both dine-in and takeout services. The business benefits from a loyal clientele drawn to its unique, old-world charm, attracting patrons from a wide area. This is a truly turnkey operation, including the real estate itself, along with all trade fixtures and equipment. The sale price of $549,000 represents a compelling investment in a proven, profitable business. Inventory will be purchased separately at the time of sale. This presents a rare opportunity to own a well-regarded establishment in a desirable location with a strong track record of success. The high visibility and convenient highway access ensure continued strong performance. The combination of established clientele, recent upgrades, and prime location makes this a highly attractive proposition for a discerning buyer. Don't miss this chance to own a piece of Pierz's vibrant business community.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Construction WOOD
Total area 2,358 SF
APN 42.0232.000
UPID US46-1962265

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
  • Bar & Pub

Location

230 Main N St Pierz, MN 56364-1570
Pierz metro Census 780500
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

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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