531 Railroad AveAlbany, MN 56307

  • Commercial real estate
  • 550 SF
For Sale
$399,900 View listing

Property Details for 531 Railroad Ave

Year built
1972
Construction
WOOD
Lot size
0.08 AC
Property size (Sq ft)
550 SF
Property type
Commercial real estate
APN
40.25580.0000
APU
40255800000

Description

This exceptional opportunity presents the acquisition of a well-established and profitable bakery located at 531 Railroad Avenue in Albany, Minnesota. The bakery boasts a substantial 2,975 square foot building situated on a 0.08-acre lot. For over two decades, this beloved local institution has cultivated a loyal customer base, renowned for its warm atmosphere and high-quality baked goods. The extensive menu features a wide array of freshly baked breads, pastries, custom cakes, and savory treats, including signature items like specialty breads (cracked wheat and rye), flaky danishes, and decadent cupcakes. The bakery prides itself on using high-quality ingredients and traditional techniques, sourcing seasonal produce from local farms whenever possible. More than just a bakery, this property serves as a community gathering place, fostering a strong sense of local connection. The business is offered at $399,900, representing a turnkey opportunity for an experienced entrepreneur or investor seeking a profitable and established business in a thriving community. The sale includes all existing equipment and fixtures, allowing for immediate operation and continued success. This is a rare chance to own a cherished local landmark with a proven track record and significant growth potential. The property's prime location in the heart of Albany ensures high visibility and convenient access for customers.

Location Insight

City
Albany
County
Stearns
State
Minnesota
Latitude
45.6303
Longitude
-94.5704
CBSA code
41060
CBSA name
ST. CLOUD, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,520
$21,900
$85,100
$107,000
-
$21,900
$85,100
$107,000

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