3776 Connelly Ave, Arden Hills, MN 55112-6936
This exceptional investment opportunity presents a thriving bingo hall located at 3776 Connelly Ave, Arden Hills, MN 55112. The property, boasting 11,976 square feet on a 2.19-acre lot (APN 27302340008), is zoned B2 - General Business District. Built in 1956 and recently remodeled within the last two years, this turnkey operation is ready for immediate income generation. All furniture and equipment are included in the asking price of $2,700,000. The spacious layout provides ample room for bingo games, parties, and other social gatherings. Abundant parking is available on-site, ensuring convenient access for patrons. This well-established business benefits from a loyal customer base and significant potential for future growth within the vibrant Arden Hills community. The property's prime location and extensive recent renovations make this a truly compelling investment prospect. This is a rare opportunity to acquire a profitable, established business with significant upside potential. The sale includes all existing furniture and equipment, minimizing start-up costs for the new owner. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D · Arden Hills, MNArden Hills. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.