311 Heritage Pl - Restaurant FOR SALE


Faribault, MN 55021
$2,500,000 USD
406-314-3333
311 Heritage Pl, Faribault, MN for Sale
$2,500,000 USD
Restaurant - FOR SALE
1/29
null | Request Cap Rate

311 Heritage Pl
Faribault, MN 55021


OVERVIEW

Hands down, this is one of the great, historical and traditional anytime Minnesota restaurants focused on high quality food, service, customers, ambiance, special occasions (including business meetings, weddings, anniversaries, birthdays and more) - a showcase now searching for its next owner/proprietor.  Arguably a top Minnesota destination restaurant lead by a classically trained and Michelin Star pedigree Chef owner who intends to retire after 34 successful years, this well oiled and historical time machine is both a real estate and business sale dynamo possessing a strong, loyal local and traveling clientele. In addition to a 180 seat restaurant & bar including a 30 person indoor private event room, the Depot Bar & Grill boasts having one of the largest patio seating dining spaces in the state (*an additional 180 outdoor seats) which has periodic outdoor seating entertainment. Set in the historic Faribault train depot on Heritage Place,  the restaurant boasts nearly 6,000 SF of prime hospitality space second to none.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

3A

APN/PARCEL ID

18.31.1.01.007

ASK ABOUT THIS PROPERTY

Jeremy FeldmannRE/MAX Advantage PlusMore Info
406-314-3333

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Jeremy FeldmannRE/MAX Advantage PlusMore Info
406-314-3333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.