531 Railroad Ave - Retail FOR SALE


Albany, MN 56307
$200,000 USD
531 Railroad Ave, Albany, MN for Sale
$200,000 USD
Retail - FOR SALE
1/28
null | Request Cap Rate

531 Railroad Ave
Albany, MN 56307


HIGHLIGHTS

  • CURRENT SPACE INCLUDES: Retail area, kitchen, storage, office, restroom, furniture, equip., & back driveway w/ 2 parking spots & drive-in door access
  • KITCHEN EQUIPMENT INCLUDES: Double oven, wall oven, two refrigerators, range, exhaust fan and hood, dishwasher, carts, & tables

OVERVIEW

Sale includes business and equipment. Current owner is willing to stay on for up to five years. Current business is the only bakery in the area and has strong Google reviews, making it a well-known location and community hub. The property sits in an ideal downtown location and is one block from the Lake Wobegon Trail. Businesses that cater to trail users (food and beverage) typically see the largest economic gains. Downtown location neighbors Kerry Inc., the historical boutique Albany Merchants Hotel, Lake Wobegon Trail Gallery, Rookie’s Sports Bar, Great River Regional Library, Albany Golf Club, Albany Flower Shop & Gifts, and more.

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,428 SF

ZONING

C

APN/PARCEL ID

40.25580.0000

ASK ABOUT THIS PROPERTY

Jeff SalzbrunCommercial Equities Group IncMore Info

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Jeff SalzbrunCommercial Equities Group IncMore Info

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