14351 78Th StFoley, MN 56329

Property Details for 14351 78Th St

Year built

1920

Lot size

0.40 AC

Property size (Sq ft)

2,844 SF

Property type

Commercial real estate

APN

08.69032.00

APU

86903200

Description

This exceptional opportunity presents the chance to acquire a thriving restaurant and substantial real estate in Foley, Minnesota. Goodfellas Restaurant and Bar, a popular neighborhood establishment since 2006, boasts impressive 2023 revenue of $1.3 million. The sale includes the established business, all fixtures, furniture, and equipment (FF&E), existing inventory, and the underlying real estate. The 2,381 square foot building, originally constructed in 1920 and renovated in 2006, features a fully equipped commercial kitchen with a hood system, multiple ranges, fryers, flattops, ample walk-in coolers, dry storage, an office, and a dedicated prep area. Beyond the restaurant itself, the property encompasses a generous 1.5-acre lot, including four adjacent parcels. Exterior amenities include a large parking lot, a horseshoe pit, and an outdoor seating area, enhancing the property's appeal and functionality. Financial details are available to qualified buyers upon execution of a non-disclosure agreement (NDA). Showings are by appointment only, scheduled outside of regular business hours to minimize disruption. The asking price for this turnkey operation is $650,000. This represents a compelling investment opportunity for owner-users seeking a profitable, established business with significant real estate holdings. The property is zoned commercial.

• Alternative Use

  Use

  Valuation

  Residential

  $598,501

  Hospitality

  $548,224

  Educational

  $456,116

  Medical

  $471,802

  Retail

  $709,514

Location Insight

City

Foley

County

Benton

State

Minnesota

Latitude

45.6816

Longitude

-93.8664

CBSA code

41060

CBSA name

ST. CLOUD, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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