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Property profile & analytics
FOR SALE
Industrial properties

325 Broadway St Cleveland, MN 56017

2,133 SF 0.07 ac lot Built 1990
Individually Owned Absentee Owner Free & Clear
Property ID
US46-2567806
Property summary
AI-generated overview

This exceptional restaurant opportunity in Cleveland, MN, presents a chance to acquire a thriving, family-owned business with a rich history and loyal customer base. The property, located at 325 Broadway Street, boasts ample seating for 106 patrons, making it ideal for large gatherings and accommodating a significant volume of diners. The fully equipped kitchen is designed for efficiency and creativity, allowing for the seamless preparation of a diverse menu. A key feature is the existing pizza oven, a significant draw for customers and a potential source of significant revenue. The restaurant's prime location ensures high visibility and easy access for customers, contributing to its consistent success. The business has a proven track record of success, built on a foundation of delicious food and community engagement. This is a turnkey operation, ready for a new owner to step in and continue its legacy or implement their own innovative ideas. The sale price is $184,900. The property is a general commercial building, and while the square footage isn't specified, the seating capacity and kitchen size indicate a substantial space. The property itself sits on a zero-acre lot. This is a rare opportunity to own a well-established and profitable restaurant in a desirable location.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1990
Construction WOOD
Total area 2,133 SF
Lot 0.07 ac (3,000 SF)
APN 15.500.0940
UPID US46-2567806
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
  • Jocko's Bar & Grill Bar & Pub Restaurant
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
GREGORY J BAKER
GREGORY J BAKER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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