Property summary
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
VerifiedCap rate & NOI
Current use
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Bakery Specialty Food Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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