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Property profile & analytics
OFF-MARKET Estimated value $1,290,000
Retail space

415 2nd NW St East Grand Forks, MN 56721-1710

20,403 SF 0.43 ac lot Built 1999
Individually Owned Free & Clear
Property ID
US46-2527009
Property summary
AI-generated overview

This exceptional 19,423 square foot riverfront property, located at 415 2nd St NW in East Grand Forks, Minnesota, presents a unique investment opportunity in the hospitality and entertainment sector. Built in 1999, this two-story building boasts a prime location and expansive event spaces ideal for a variety of functions. The property features multiple areas perfect for hosting events, each equipped with its own full kitchen, bar, and restrooms, ensuring seamless operation and convenience for large gatherings. A highlight is the screened upper deck complete with a full bar, offering stunning views. Additionally, a spacious patio provides panoramic vistas, enhancing the overall experience. A substantial 3,252 square foot basement offers additional storage or potential for expansion. The asking price is $2,850,000, translating to a price per square foot of $146.73. This turnkey operation is situated in Polk County, Minnesota, zip code 56721, and offers significant potential for revenue generation within the thriving events industry. The property's riverfront location adds to its unique appeal and desirability. This is a rare opportunity to acquire a well-established and versatile event venue with significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 20,403 SF
Lot 0.43 ac (18,731 SF)
APN 83.00816.00
UPID US46-2527009
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
  • Little Bangkok 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
$1.29M
Owner & transaction history
BOARDWALK ENTERPRISES
BOARDWALK ENTERPRISES
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.6M +23.7%
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