Property profile

9563 Madison St Garrison, MN 56450

OFF-MARKET
Turn key restaurants
Property ID
US46-0871052
3,672 SF 0.27 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established restaurant and ice cream shop ideally situated on Highway 169 in Garrison, Minnesota, directly across from Mille Lacs Lake. The Spotlite Cafe, boasting over 40 years of success, offers a diverse menu featuring made-from-scratch breakfast, lunch, and dinner options, including their renowned original pancake recipe. Recently expanded to include "The Ice Cream Spot," a delightful ice cream parlor and gift shop, the property also features a Mille Lacs Lake Gift Shop stocked with apparel and souvenirs. This thriving business benefits from high visibility and significant traffic volume due to its prime highway location. Adding to its appeal is a spacious upper-level apartment offering stunning views of Mille Lacs Lake. The building encompasses 5,440 square feet and sits on a 0.27-acre lot. This unique combination of a profitable, long-standing restaurant, a complementary ice cream and gift shop, and a desirable apartment presents a rare opportunity for a savvy investor seeking a turnkey operation with significant growth potential. The property is priced at $399,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 3,672 SF
Lot 0.27 ac (11,745 SF)
APN 24130607
UPID US46-0871052

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
  • Grocery & Convenience Store Specialty Food Shop
  • Restaurant

Location

9563 Madison St Garrison, MN 56450-2026
Garrison metro Census 951600 BRAINERD, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2026
1 recorded transaction
2026
Price N/A

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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