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211 Buffalo Avenue N

Montrose, MN 55363
  • $679,000
  • STATUS: Active
  • ON SITE: 140 Days
  • ID#: 6321328
UPDATED: 31 min ago
$679,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,500
    SQFT
  • $91
    $/SQFT
Type:
Commercial
Built:
1987
County:

School Ratings & Info

NorthstarMLS] logo Listing courtesy of Palm Commercial Brokerage.

Description

Nicely remodeled Jacque B's restaurant and bar that is fully equipped and operational. Beautiful interior spaces, dining and center bar with banquet room. Garage door opens to nice patio area with outdoor seating, firepit and lawn. Great opportunity to expand revenues by opening for lunches/brunch daily to add $350,000 ++ in revenues. Price includes real estate and business assets/income. Business is paying $48,000 in rent and at 10 CAP values real estate at $480,000 of the $679K Listing Price. Owner looking for best offer and best operator.

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IDX data © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Coldwell Banker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Coldwell Banker is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Coldwell Banker, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2023-06-06T15:23:40.243.

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211 Buffalo Avenue N Montrose, MN 55363

  • Price: $679,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 31 min ago
  • ID#: 6321328
0
Beds
0
Baths
0
½ Baths
0.76
Acres
7,500
SQFT
$91
$/SQFT
1987
Built
County:
Wright
School District:
877 - Buffalo-Hanover-Montrose
Property Description
Nicely remodeled Jacque B's restaurant and bar that is fully equipped and operational. Beautiful interior spaces, dining and center bar with banquet room. Garage door opens to nice patio area with outdoor seating, firepit and lawn. Great opportunity to expand revenues by opening for lunches/brunch daily to add $350,000 ++ in revenues. Price includes real estate and business assets/income. Business is paying $48,000 in rent and at 10 CAP values real estate at $480,000 of the $679K Listing Price. Owner looking for best offer and best operator.
Exterior Features

Construction Materials Brick VeneerCedar Foundation Area 7500 Lot Features Corner Lot Lot Size Dimensions 80X40 Parking Features Parking Lot Parking Open 50

Interior Features

Basement BlockBrick/MortarFullOwner Access Cooling Central Air Heating Forced Air

Property Features

Accessibility Features Doors 36"+Fully WheelchairHallways 42"+ Additional Parcels YN No Assessment Pending No Contingency None Current Use Food ServiceRestaurantBar/Tavern Expenses 525000.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Gross Income 650000 Inclusions BuildingBusiness AssetsBusinessFixture/EquipmentLand Land Lease YN No Lender Owned No Net Operating Income 125000 Operating Expense 525000 Postal City Montrose Potential Short Sale No Property Sub Type Business Rental License YN No Sewer City Sewer/Connected Tax Annual Amount 7272 Tax With Assessments 7272.0000 Tax Year 2022 Utilities Electric SeparateHeating Separate Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Palm Commercial Brokerage: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Coldwell Banker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Coldwell Banker is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Coldwell Banker, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2023-06-06T15:23:40.243.

Click here for Digital Millennium Copyright Act
 
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Coldwell Banker
4801 Hwy 61 Suite 100
White Bear Lake MN, 55110
NorthstarMLS] logo Listing courtesy of Palm Commercial Brokerage.