415 2nd NW St East Grand Forks, MN 56721-1710
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.
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Little Bangkok Restaurant
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
No recorded transactions found for this property.
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.