Property profile

24382 Quest Rd Pierz, MN 56364

OFF-MARKET
Turn key restaurants
Property ID
US46-1880646
2,775 SF Built 1954
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,775 square foot bar and restaurant, located at 24382 Quest Road in Harding, Minnesota, presents a unique investment opportunity. Situated on a spacious 1.55-acre lot, the property boasts a newly remodeled interior and is fully equipped for immediate operation. The existing business benefits from a loyal customer base, ensuring a strong foundation for continued success. The substantial square footage provides ample space for comfortable seating, a fully functional bar area, and potential expansion. The extensive equipment included in the sale ensures a seamless transition for the new owner. Beyond the main building, the expansive 1.55-acre lot offers significant potential for future development. This additional acreage could be utilized for outdoor seating, event hosting, or other supplementary ventures to further enhance the business's revenue streams. The property's prime location in Harding, Minnesota, provides excellent visibility and accessibility, contributing to its overall appeal. This is a rare opportunity to acquire a thriving, established business with significant upside potential. The turnkey nature of this operation minimizes the start-up time and allows for immediate revenue generation. All necessary equipment and fixtures are included, making this a truly exceptional offering for a discerning investor seeking a profitable venture in a desirable location. The combination of a loyal customer base, ample space, and significant additional acreage makes this property a truly compelling investment.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1954
Construction WOOD
Total area 2,775 SF
APN 38.0062.000
UPID US46-1880646

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
  • Atm
  • Bar & Pub

Location

24382 Quest Rd Pierz, MN 56364
Pierz metro Census 780400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2017
Price N/A

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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