Property profile

350 Central E Ave Saint Michael, MN 55376

OFF-MARKET
Drive through restaurants
Property ID
US46-0987623
4,314 SF 2.1 ac lot Built 1999
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,314 SF
Lot 2.1 ac (91,476 SF)
APN 114-039-003060
UPID US46-0987623

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

350 Central E Ave Saint Michael, MN 55376-9518
Saint Michael metro Census 100805 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$764k
Blend (final) Blend
$695k

Owner & transaction history

since 2021
Last sale
$587,100
2 recorded transactions
2021
$587,100
2006
$612,500

Zoning & alternative use

Top alternative use upside
Commercial (general) $965,000 +71.1%
Office building $570,000 +1.3%

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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