Property profile

508 2nd NW Ave Arlington, MN 55307

OFF-MARKET
Commercial real estate
Property ID
US46-2381867
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This unique 7,000 square foot property located at 508 2nd Avenue NW in Arlington, Minnesota, presents a compelling investment opportunity. Currently operating as a six-lane bowling alley, the facility offers a turnkey entertainment business or a blank canvas for redevelopment. The bowling alley boasts automatic scoring and bumpers, catering to bowlers of all skill levels. Year-round tournaments and leagues, including children's leagues, generate consistent activity. The venue also features a full bar, dart boards, a pool table, and televisions showing sporting events, creating a diverse entertainment experience. A limited food menu, including hot dogs, pizza, and nachos, complements the beverage offerings of beer and soda. The property's central Arlington location ensures high visibility and accessibility. This versatile space offers significant potential for a new owner, whether continuing the existing entertainment business or pursuing a complete renovation for alternative commercial use. The asking price is $250,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 31.0678.000
UPID US46-2381867

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bowling Alley

Location

508 2nd NW Ave Arlington, MN 55307-2160
Arlington metro Census 170400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

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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