Property profile

72 Main St Garrison, ND 58540

OFF-MARKET
Turn key restaurants
Property ID
US56-0144374
1,660 SF Built 1927
Individually Owned Free & Clear
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Property summary

AI-generated overview

The Ye Olde Malt Shoppe, located at 72 Main Street in Garrison, North Dakota, presents a unique opportunity to acquire a well-established and profitable business. This iconic establishment, a beloved local gem, boasts a classic retro design and a welcoming atmosphere that has attracted both locals and tourists for years. The 1,660 square foot building sits on a 0.15-acre lot in a prime Main Street location. The business specializes in hand-dipped ice cream, malts, shakes, and classic diner fare, enjoying a loyal customer base. The interior features a cozy dining area and an efficient kitchen, optimized for high-volume service while maintaining a friendly ambiance. Outdoor seating is available, perfect for enjoying treats during warmer months. Additional parking is provided by an included rear lot. The building is well-maintained, featuring a new roof installed in 2023. This turnkey operation offers a blend of nostalgia, community connection, and strong income potential, making it an ideal investment for both experienced restaurateurs and first-time business owners. The asking price for this exceptional property is $175,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1927
Total area 1,660 SF
APN 75 0001 00063 000
UPID US56-0144374

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

Location

72 Main St Garrison, ND 58540-7165
Garrison metro Census 961001
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

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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