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860 Central Ave N
Milaca, MN 56353
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Property Size
2,060 sq ft
Costar Property Class
C
Year Built/Renovated
1946/2013
Tenancy
Single
Number of Floors
1
Plot ratio
0.09
Total Plot Size
0.51 ac
Parking
12 Spaces (5.83 Spaces per 1,000 sq ft Leased)
Frontage
112 ft on 9th St

AMENITIES

  • Pylon Sign
  • Signage

ABOUT 860 CENTRAL AVE N , MILACA, MN 56353

Buy this Classic Diner for Sale in Northwest Minnesota established in 1946, WITH REAL ESTATE! Forget landlords and rental payments. This will qualify for lending with We Sell Restaurants resources. Here's your chance to own a piece of Northwest Minnesota history! This diner for sale has been completely updated with newer kitchen equipment, furniture, fixtures and the price includes real estate! This small diner for sale with real estate offered by We Sell Restaurants has been a staple of this small community for many years. The building, furniture, fixtures and equipment along with the adjacent parking lot are all included in this asset sale. The present owners have run the diner for sale for the last five years. They have remodeled the kitchen to enhance efficiency and streamline operations to better handle peak volume times. The diner for sale is being sold as an asset sale due to the fact that the operation as it is presently being run is not profitable. Due to the owner's health, the hours of the diner for sale are extremely limited. The diner for sale is decorated with tasteful decor and specializes in good homemade food at a reasonable price. They menu boasts broasted chicken, burgers, barbeque, sandwiches, wraps, salads, homemade soups and desserts. Desserts include brownie sundaes, homemade pies, bars and cookies as well as ice cream. The diner for sale is nicely equipped with a POS system, two Broasters, a smoker, convection oven, char broiler, two flat tops, three fryers, two toasters, two warmers, ice cream machine, waffle maker, mixer, two buffet warmers, a salad bar, and three table top warmers. The front of the house offers newer booths and tables. This diner for sale needs to be open seven days a week for breakfast, lunch and dinner. The current owners close on Sunday after lunch and don't open up again until Tuesday for lunch. Increasing hours of operation with a regular daily schedule would certainly help to increase revenue and get this diner for sale profitable again. The business needs a strong operator who can manage costs and maintain the quality that the community deserves and expects.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-360-0620
Land Assessment
£37,084
Improvements Assessment
£57,570
Total Assessment
£94,654
  • Listing ID: 12461245

  • Date on Market: 03/05/2018

  • Last Updated:

  • Address: 860 Central Ave N, Milaca, MN 56353

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