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Morty's Bar & Grill 205 1st St SW 3,790 SF Retail Building Glyndon, MN 56547 $550,000 ($145.12/SF) 14% Cap Rate
INVESTMENT HIGHLIGHTS
- Open floor plan
- Natural character
- Prime location
- Recent renovations
- New roof
EXECUTIVE SUMMARY
Step into opportunity with this beautifully renovated restaurant bar located in the heart of Glyndon, MN. Featuring an open floor plan that seamlessly blends form and function, this space offers incredible flexibility for a variety of dining and entertainment concepts. Positioned in a prime, high-traffic location, this property boasts excellent visibility and easy access, ensuring a steady flow of locals and visitors alike. Whether you’re expanding your brand or launching a new concept, this space is ready to bring your vision to life.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,790 SF
Building Class
C
Year Built/Renovated
1969/2010
Price
$550,000
Price Per SF
$145.12
Cap Rate
14%
NOI
$77,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.06 AC
Frontage
171’ on Highway 10
AMENITIES
- Restaurant
- Security System
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 55-900-0240 | Improvements Assessment | $347,800 |
| Land Assessment | $69,300 | Total Assessment | $417,100 |
PROPERTY TAXES
Parcel Number
55-900-0240
Land Assessment
$69,300
Improvements Assessment
$347,800
Total Assessment
$417,100
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Morty's Bar & Grill | 205 1st St SW
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