518 2Nd StByron, MN 55920

Property Details for 518 2Nd St

Year built

1984

Lot size

0.18 AC

Property size (Sq ft)

1,549 SF

Property type

Bars

Property subtype

Pubs

APN

75.32.23.027077

APU

753223027077

Description

This established restaurant in Byron, Minnesota, offers a turnkey opportunity for a new owner. Located at 518 2nd St NW, this 1,549 square foot building sits on a 0.18-acre lot (APN 75.32.23.027077) and boasts a spacious interior with seating for 40, plus additional patio seating. Built in 1984, the single-story building features a fully operational hood system with an Ansul fire suppression system, two restrooms, a hand sink, a three-compartment sink, two pizza ovens, a dryer, a pop station, and a point-of-sale (POS) system. The property also benefits from a recently installed HVAC system. The seller is motivated and will be installing new siding prior to closing. Furthermore, the seller is open to a contract for deed, making this an attractive option for buyers seeking flexible financing. This prime location in Byron, just minutes from Rochester, offers excellent visibility and access to a thriving community. The property is ready for immediate operation, presenting a unique chance to acquire a well-equipped and established restaurant business. This is a rare opportunity to own a successful restaurant with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $374,824

  6.5%

  $345,992

  7%

  $321,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,234

  Geo Method

  $199,234

• Alternative Use

  Use

  Valuation

  Residential

  $291,857

  Hospitality

  $267,339

  Educational

  $222,423

  Medical

  $230,073

  Retail

  $345,992

Location Insight

City

Byron

County

Olmsted

State

Minnesota

Latitude

44.0297

Longitude

-92.6555

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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