Goodfella's Bar & Grill 14351 NE 78th St 1,911 SF Retail Building Foley, MN 56329 $650,000 ($340.14/SF)

INVESTMENT HIGHLIGHTS

  • Popular restaurant in business since 2006
  • 700+ reviews on Google
  • $1.3M in revenue in 2023

EXECUTIVE SUMMARY

This is your opportunity to own the Goodfellas Bar & Grill, a popular East Central Minnesota restaurant located just outside of Foley, MN. The restaurant has been a popular neighborhood hangout since 2006. Revenue in 2023 was over $1.3M, and has steadlily increased over the past several years. This offering includes the restaurant business, FF&E, inventory, and real estate. The restaurant building is a 2834 sq ft structure built in 1920, and renovated in 2006. The building includes a full commercial kitchen with hood, multiple ranges, friers, flattops, multiple walk-in coolers, dry storage, office, and prep area. The property exterior features a large parking lot, horseshoe pit, and outside seating area. Also included in the sale are 4 neighboring PIDs totalling 1.5 acres.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,911 SF
Building Class
C
Year Built/Renovated
1950/2006
Price
$650,000
Price Per SF
$340.14
Business Value
$300,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.58 AC

AMENITIES

  • Air Conditioning
  • Smoke Detector

ABOUT 14351 NE 78TH ST , FOLEY, MN 56329

The restaurant building is a 2834 sq ft structure built in 1920, and renovated in 2006. The building includes a full commercial kitchen with hood, multiple ranges, friers, flattops, multiple walk-in coolers, dry storage, office, and prep area. The property exterior features a large parking lot, horseshoe pit, and outside seating area. Also included in the sale are 4 neighboring PIDs totalling 1.5 acres.

PROPERTY TAXES

  • Listing ID: 32233897

  • Date on Market: 6/24/2024

  • Last Updated:

  • Address: 14351 NE 78th St, Foley, MN 56329