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    Property profile & analytics
    OFF-MARKET Estimated value $1,625,000
    Commercial real estate

    3776 Connelly Ave, Arden Hills, MN 55112-6936

    10,950 SF 2.19 ac lot Built 1956
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US46-0992478
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1956
    Total area 10,950 SF
    Lot 2.19 ac (95,396 SF)
    Zoning code D
    APN 27-30-23-43-0008
    UPID US46-0992478
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.57M
    CAP Approach CAP
    $1.91M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.63M
    Owner & transaction history
    Standout Properties LLC · 5 yrs held
    Standout Properties LLC
    since 2020
    Last sale
    $1.7M
    7 recorded transactions
    2024
    2023
    2020
    $1.7M
    2020
    2018
    2017
    2017
    Zoning & alternative use
    D · Arden Hills, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.2M +182.1%
    Restaurant $2.2M +175.5%
    Medical building $1.6M +104.5%
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