1102 1st St NE | New Prague, MN 56071
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- LoopNet Team
1102 1st St NE
New Prague, MN 56071
FORMER PIZZA RANCH · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Turnkey Restaurant Opportunity – Renovated in 2011, this property provides a lucrative opportunity for both existing restaurants
- Quaint Affluent Suburb – New Prague is only 15 miles from the Twin Cities. There are 13,000+ residents within 3 miles
- “Main and Main” – 10th Ave SE and Maine St E is the strong retail intersection in New Prague
- Value-Add Component – Priced below expected replacement cost, the deal offers investors the opportunity to acquire at a low basis.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,159 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.97 AC
Parking
50 Spaces (12.02 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 24-057-006-1 | Improvements Assessment | $475,000 |
| Land Assessment | $148,600 | Total Assessment | $623,600 |
PROPERTY TAXES
Parcel Number
24-057-006-1
Land Assessment
$148,600
Improvements Assessment
$475,000
Total Assessment
$623,600
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