812 7Th Ave Two Harbors, MN 55616
- Turn key restaurants
- 2,230 SF
Current Use by Public Records
- Vanilla Bean - Two Harbors / American Restaurant / Breakfast Restaurant
- Agate Bay Outfitters LLC / Gift Shop
Property Details for 812 7Th Ave
- Year built
- 1995
- Construction
- WOOD
- Property size
- 2,230 SF
- Property type
- Turn key restaurants
- APN
- 23-7661-33010
- APU
- 23766133010
Description
This exceptional turnkey restaurant opportunity in Two Harbors, Minnesota, is ideally situated on a main thoroughfare, ensuring high visibility and ample foot traffic. The property, known as the "Vanilla Bean," boasts a total of 3,718 square feet, encompassing a 2,670 square foot interior dining area and an additional 805 square feet of outdoor patio seating, perfect for the busy summer and fall seasons. An adjacent 1,404 square foot retail building is currently leased, providing additional income potential. The property includes ample parking for patrons and staff. Built in 1903 and renovated in 1995, this single-story building sits on two parcels of land (APN: 23-7661-33010 / 23-7661-33010) and is offered at an asking price of $749,000 ($201.45 per square foot). 2022 property taxes totaled $9,654.58. This is a rare chance to acquire a well-established, profitable business in a desirable location. The property is available for purchase.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Two Harbors
- County
- Lake
- State
- Minnesota
- Longitude
- -91.6755
- Latitude
- 47.0254
- CBSA code
- 20260
- CBSA name
- DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
