Property profile

531 Railroad Ave Albany, MN 56307

OFF-MARKET
Commercial real estate
Property ID
US46-1437126
550 SF 0.08 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the acquisition of a well-established and profitable bakery located at 531 Railroad Avenue in Albany, Minnesota. The bakery boasts a substantial 2,975 square foot building situated on a 0.08-acre lot. For over two decades, this beloved local institution has cultivated a loyal customer base, renowned for its warm atmosphere and high-quality baked goods. The extensive menu features a wide array of freshly baked breads, pastries, custom cakes, and savory treats, including signature items like specialty breads (cracked wheat and rye), flaky danishes, and decadent cupcakes. The bakery prides itself on using high-quality ingredients and traditional techniques, sourcing seasonal produce from local farms whenever possible. More than just a bakery, this property serves as a community gathering place, fostering a strong sense of local connection. The business is offered at $399,900, representing a turnkey opportunity for an experienced entrepreneur or investor seeking a profitable and established business in a thriving community. The sale includes all existing equipment and fixtures, allowing for immediate operation and continued success. This is a rare chance to own a cherished local landmark with a proven track record and significant growth potential. The property's prime location in the heart of Albany ensures high visibility and convenient access for customers.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1972
Construction WOOD
Total area 550 SF
Lot 0.08 ac (3,500 SF)
APN 40.25580.0000
UPID US46-1437126

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
  • Bakery Specialty Food Shop

Location

531 Railroad Ave Albany, MN 56307-9804
Albany metro Census 10402 ST. CLOUD, MN METROPOLITAN STATISTICAL AREA
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
$240k

Owner & transaction history

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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