Vanilla Bean Cafe 812 7th Ave 3,200 SF 100% Leased Retail Building Two Harbors, MN 55616 $850,000 ($265.63/SF)
INVESTMENT HIGHLIGHTS
- High Visibility Location on the main throughfare in Two Harbors.
EXECUTIVE SUMMARY
Turn-Key opportunity in Two Harbors. Currently operating as the well-loved “Vanilla Bean” this is the prime opportunity you have been waiting for!! Purchase or Lease option available. Just in time for the busy Summer / Fall season!
• 23-7661-33020/23-7661-33010
• $9,654.58 2022 Taxes
• Restaurant— 2670 SF + 805 SF of patio/outdoor seating
• 1,404 SF Retail building adjacent (leased).
• Ample Parking
• 23-7661-33020/23-7661-33010
• $9,654.58 2022 Taxes
• Restaurant— 2670 SF + 805 SF of patio/outdoor seating
• 1,404 SF Retail building adjacent (leased).
• Ample Parking
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$9,655
|
$3.02
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,655
|
$3.02
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,200 SF
Building Class
C
Year Built
1903
Price
$850,000
Price Per SF
$265.63
Percent Leased
100%
Building Height
1 Story
Building FAR
0.28
Lot Size
0.26 AC
Frontage
70’ on 7TH AVE
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Turn-Key opportunity in Two Harbors. Currently operating as the well-loved “Vanilla Bean” this is the prime opportunity you have been waiting for!! Purchase or Lease option available. Just in time for the busy Summer / Fall season! • 23-7661-33020/23-7661-33010 • $9,654.58 2022 Taxes • Restaurant— 2670 SF + 805 SF of patio/outdoor seating • 1,404 SF Retail building adjacent (leased). • Ample Parking • High Visibility Location on the main thoroughfare in Two Harbors
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,670 SF | Restaurant | - | 30 Days |
1st Floor
| Size |
| 2,670 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| 30 Days |
PROPERTY TAXES
| Parcel Number | 23-7642-33015 | Total Assessment | $229,300 (2024) |
| Land Assessment | $28,800 (2024) | Annual Taxes | $9,655 ($3.02/SF) |
| Improvements Assessment | $200,500 (2024) | Tax Year | 2022 |
