Profitable Restaurant & Catering Business | 223 Kraft Dr SE
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Profitable Restaurant & Catering Business 223 Kraft Dr SE
6,400 SF Retail Building Melrose, MN 56352 £546,933 (£85/SF)
Investment Highlights
- Highly profitable
- Across the street from newly built Kwik Trip
Executive Summary
*Seller Financing to Qualified Buyer*
Built from the ground up in 2012, True North Martketplace (Formerly Cornerstone Buffet) in Melrose is home to a wonderful homestyle restaurant/coffee shop as well as a modest sized retail store specializing in locally crafted gifts.
This 6000 square foot space has 4750 square feet dedicated to the restaurant & cafe. Tastefully decorated with a mixture of barn wood & knotty pine coupled with soft Edison lighting and a stone fireplace center piece, True North really impresses visitors. There is a large kitchen with 2 walk-in coolers and a walk-in freezer to accomodate any sized event on or off premises. The retail space is appoximately 1250 SF and is home to Decor & More. They feature locally crafted gifts from all across Minnesota and beyond.
True North Marketplace is located just 2 blocks off Interstate 94 in Melrose right next to a brand new in 2023 Kwik Trip Convenience Store. The facility also includes a newly intalled digital readerboard. There are two external walk-in's and parking wrapped around 3/4's of the building.
Built from the ground up in 2012, True North Martketplace (Formerly Cornerstone Buffet) in Melrose is home to a wonderful homestyle restaurant/coffee shop as well as a modest sized retail store specializing in locally crafted gifts.
This 6000 square foot space has 4750 square feet dedicated to the restaurant & cafe. Tastefully decorated with a mixture of barn wood & knotty pine coupled with soft Edison lighting and a stone fireplace center piece, True North really impresses visitors. There is a large kitchen with 2 walk-in coolers and a walk-in freezer to accomodate any sized event on or off premises. The retail space is appoximately 1250 SF and is home to Decor & More. They feature locally crafted gifts from all across Minnesota and beyond.
True North Marketplace is located just 2 blocks off Interstate 94 in Melrose right next to a brand new in 2023 Kwik Trip Convenience Store. The facility also includes a newly intalled digital readerboard. There are two external walk-in's and parking wrapped around 3/4's of the building.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£12,170
|
£1.90
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£12,170
|
£1.90
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | £12,170 |
| Annual Per SF | £1.90 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £12,170 |
| Annual Per SF | £1.90 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,400 SF
Building Class
C
Year Built
2012
Price
£546,933
Price Per SF
£85
Number of Floors
1
Building FAR
0.12
Land Acres
1.20 AC
Zoning
COMMERCIAL
Parking
75 Spaces (11.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Fireplace
- Pylon Sign
- Restaurant
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £834,561 | |
| Land Assessment | £164,940 | Annual Taxes | £12,170 (£1.90/sf) |
| Improvements Assessment | £669,621 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£164,940
Improvements Assessment
£669,621
Total Assessment
£834,561
Annual Taxes
£12,170 (£1.90/sf)
Tax Year
2024 Payable 2024
-
Rick Guntzel -
HSC Business Brokers
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Profitable Restaurant & Catering Business | 223 Kraft Dr SE
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