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691 S Main St W 8,000 SF 100% Leased Retail Building Richmond, MN 56368 $599,000 ($74.88/SF)
Investment Highlights
- Entire heating/ cooling updated 2022
- 5.4 acres and over 8000 sq ft
- Access to chain of Lakes
- Outdoor Terrace
Executive Summary
Historic Richmond Coliseum on 5.4 Acres Along the Sauk River. A rare opportunity to own a piece of Richmond history! The historic Coliseum sits on 5.4 picturesque acres along the Sauk River, with access to the entire chain of lakes, offering an incredible setting and endless potential for its next owner. The property features more than $85,000 in included assets, including a full commercial-style kitchen, bar, seating for approximately 400 guests, and extensive event infrastructure. An outdoor ceremony area with a gazebo and gathering space creates a beautiful setting for weddings, celebrations, community events, and more. Whether continuing the property's legacy as an event and wedding venue, expanding its offerings, creating a destination business, or bringing an entirely new vision to this unique property, the possibilities are truly endless for the next investor. Option to develop the land for residential homes as well pending county approval. With its historic character, substantial existing assets, riverfront setting, acreage, and access to the Sauk River chain of lakes, opportunities like this rarely come available. Bring your vision and turn this Richmond landmark into something extraordinary.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
C
Year Built
1985
Price
$599,000
Price Per SF
$74.88
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
5.40 AC
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
113’ on Main St
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 74.40700.0220 | Improvements Assessment | $174,900 |
| Land Assessment | $97,200 | Total Assessment | $272,100 |
Property Taxes
Parcel Number
74.40700.0220
Land Assessment
$97,200
Improvements Assessment
$174,900
Total Assessment
$272,100
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Contact the Sale Advisor
691 S Main St W