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    OFF-MARKET
    Turn key restaurants

    240 Smt W Ave, Blackduck, MN 56630

    3,232 SF 0.9 ac lot Built 1994
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-2459142
    Property summary
    AI-generated overview

    This 3,232 square foot warehouse, located at 240 Summit Avenue in Blackduck, Minnesota, presents a unique investment opportunity. Situated in the heart of Blackduck, this property boasts excellent highway visibility, ideal for attracting customers. Its previous use as a well-known restaurant makes it a recognizable landmark in the community. The building's strategic location offers easy access for those traveling to enjoy the recreational opportunities Northern Minnesota has to offer, including fishing and hunting. The property is classified as industrial and land, offering versatility for a range of commercial uses. The asking price is $269,800. The property is zoned for commercial use and is ready for a new owner to establish their business. This is a chance to own a well-established building with high visibility in a thriving community. The property is located in Beltrami County, Minnesota, zip code 56630, and offers significant potential for growth and profitability. The building's size and location make it an attractive option for entrepreneurs seeking a visible and accessible space to launch or expand their business. The property's history as a successful restaurant provides a solid foundation for future success. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1994
    Construction WOOD
    Total area 3,232 SF
    Lot 0.9 ac (39,010 SF)
    APN 81.00503.00
    UPID US46-2459142
    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
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Aij Properties LLC · 1 yrs held
    Aij Properties LLC
    since 2025
    Last sale
    $146,500
    3 recorded transactions
    2025
    2024
    $146,500
    2011
    $137,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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