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Active
$450,000
/mo   Edit
MLS# 5008484
1901 Madison Avenue
Mankato, MN 56001
Commercial
11.96 acres
Built 2001  ●  Mankato schools
Info: 763-576-8286
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    Description:   Great business opportunity! Profitable restaurant business located in prime Mankato location by MN-22 S and Madison Ave. Restaurant is beautifully showed. 7, 000 sqfts with large bar, many tables, a private room, and 12 Japanese style grills. Large kitchen. Restaurant owner owns all appliances and equipment. Furnace and AC are owned by the landlord.
    List Price: $450,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 2001
    City: Mankato
    Zip Code: 56001

    Interior

    Building Fin Sq Ft: 7,000 ft²
    Appliances Included: Range, Indoor Grill, Exhaust Fan/Hood, Dishwasher, Refrigerator, Freezer, Other

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 7,000 ft²
    Handicap Accessible: Other
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 100

    Lot

    Acres: 11.96
    Latitude: 44.16462700
    Longitude: -93.94757300
    Lot Size Dim.: 00000
    Zoning: Business/Commercial

    Schools

    School District: 77 - Mankato
    District Phone: 507-387-1868

    Financial & Taxes

    Tax Year: 2017
    Annual Taxes: $434,702
    Assessment Pending: Unknown
    Taxes w/ Assessments: $434,712

    Rent

    Annual Net Income: $340,000

    Unit

    Total Units: 1

    Miscellaneous

    Current Use: Restaurant
    Fuel System: Natural Gas
    Sale Includes: Business, Fixture/Equipment, Leases, Other
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Jeff
    Zajac
    TruStone
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    TruStone
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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