Property profile

2723 Commerce Dr NW Rochester, MN 55901

FOR SALE
Bars & Pubs
Property ID
US46-1396882
6,820 SF 1 ac lot Built 2006
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,820 square foot restaurant property, located at 2723 Commerce Dr NW in Rochester, Minnesota, presents a unique investment opportunity. Built in 2006, the property sits on a sizable 43,502 square foot lot, offering ample space and visibility. The asking price is $2,490,000. The building is exceptionally well-maintained and features a fully built-out pizza kitchen, complete with all necessary equipment and furniture, included in the sale price. This turnkey operation is ideal for an owner-user looking to establish or rebrand their restaurant concept. The property benefits from its location in a high-traffic retail area, ensuring significant foot and vehicle traffic. The property's excellent condition and prime location make it an attractive proposition for a discerning buyer seeking a ready-to-operate restaurant business in a thriving Minnesota market. The property is zoned for retail use and offers significant potential for continued success. All kitchen equipment and furniture are included in the sale, minimizing start-up costs and allowing for a seamless transition. This is a rare opportunity to acquire a well-established and profitable restaurant property in a desirable location. Detailed financial information is available upon request. The zip code is 55901.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 2006
Total area 6,820 SF
Lot 1 ac (43,560 SF)
APN 74.20.44.073546
UPID US46-1396882

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
  • Parking Lot & Garage
  • Restaurant

Location

2723 Commerce Dr NW Rochester, MN 55901
Rochester metro Census 1401 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$682k
Blend (final) Blend
$570k

Owner & transaction history

since 2025
5 recorded transactions
2025
$2.2M
2018
Price N/A
2016
$1.9M
2006
$674,854
2005
$3.7M

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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More about this property
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