Technical
Financial
Distress signals
Property profile

647 Main St Anoka, MN 55303

OFF-MARKET
Drive through restaurants
Property ID
US46-0587737
2,938 SF 0.68 ac lot Built 2022
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2022
Construction WOOD FRAME
Total area 2,938 SF
Lot 0.68 ac (29,621 SF)
Zoning code B-1
APN 01-31-25-24-0016
UPID US46-0587737

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
  • Restaurant Take-out & Catering

Location

647 Main St Anoka, MN 55303-1623
Anoka metro Census 50401 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
2019
Price N/A
2017
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Anoka, MN
Zoning description

The purpose of the B-1 Highway Business District is to provide for the establishment of services and limited retail businesses primarily oriented toward motorists and requiring high volumes of traffic and visibility from…

General category COMMERCIAL

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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