banquet hall and kitchen for sale€¦ · • huge business opportunity with a 27 year successful...

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Each Office Independently Owned and Operated kwcommercial.com KW COMMERCIAL 215 Walker Avenue S. Wayzata, MN 55391 We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. JEFF STEDMAN Associate 0: 952.405.2803 C: 952.473.0903 [email protected] OFFERING SUMMARY SALE PRICE: $585,000 LOT SIZE: 0.22 Acres YEAR BUILT: 1935 BUILDING SIZE: 1,750 SF Kitchen 4,637 SF Banquet Facility ZONING: MU-1 Downtown Mixed-Use District PROPERTY OVERVIEW Currently a catering kitchen with full commercial prep/cooking area, separate dish washing, pantry rooms and a full unfinished basement used for storage & laundry. Adjacent is a banquet facility with large open area for seating, full service bar & restroom in space. Real Estate for sale only (furniture, fixtures & equipment negotiable). K & J Catering is relocating. Schedule tour with listing agent. PROPERTY HIGHLIGHTS If all three adjacent properties (2544, 2546, 2548 7th Ave) are purchased together - price is $875,000 Commercial Kitchen to include hood and walk-in cooler Kitchen to be sold with adjacent building (2548) Separate dish washing and pantry rooms, restroom in back of building Space also has a small office and small carry-out shop in front of the building Full unfinished basement and 200 amp power 4637 SF Banquet facility with full service bar & 2 restrooms, 2260 SF partial finished basement The two properties would work well as a bar/restaurant/brewery Free public parking at rear of building as well as street parking Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED) BANQUET HALL AND KITCHEN FOR SALE

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Page 1: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

OFFERING SUMMARY

SALE PRICE: $585,000

LOT SIZE: 0.22 Acres

YEAR BUILT: 1935

BUILDING SIZE:

1,750 SF Kitchen

4,637 SF Banquet

Facility

ZONING:MU-1 Downtown

Mixed-Use District

PROPERTY OVERVIEWCurrently a catering kitchen with full commercial prep/cooking area, separate dishwashing, pantry rooms and a full unfinished basement used for storage & laundry.Adjacent is a banquet facility with large open area for seating, full service bar & restroomin space. Real Estate for sale only (furniture, fixtures & equipment negotiable). K & JCatering is relocating. Schedule tour with listing agent.

PROPERTY HIGHLIGHTS• If all three adjacent properties (2544, 2546, 2548 7th Ave) are purchased together -

price is $875,000

• Commercial Kitchen to include hood and walk-in cooler

• Kitchen to be sold with adjacent building (2548)

• Separate dish washing and pantry rooms, restroom in back of building

• Space also has a small office and small carry-out shop in front of the building

• Full unfinished basement and 200 amp power

• 4637 SF Banquet facility with full service bar & 2 restrooms, 2260 SF partial finishedbasement

• The two properties would work well as a bar/restaurant/brewery

• Free public parking at rear of building as well as street parking

• Huge business opportunity with a 27 year successful history

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 2: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 3: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 4: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 5: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 6: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Permitted Uses:

Offices:

Artist, Photographer Studio, Insurance Office, Real Estate Office, Sales Office, Office

Medical Facilities:

Clinic - Health, Medical Laboratory, Physical, Occupational or Massage Therapy

Retail Sales & Service:

Animal Grooming, Auction Rooms, Business Sales and Services, Dry Cleaning, Commercial

Laundry, Farmer's Market, Furniture and Household Goods Sales, Retail Sales and Service Uses, Grocery Store

and Produce Store, Laundromat, Self-Service, Liquor Store, Photocopying, Secondhand Goods Sales, Small

Appliance Repair, Sporting Goods Store, Bait Shop

Food & Beverages:

Catering, Coffee Shop, Tea House, Restaurant, Restaurant-Tavern, Brewery, Micro-Brewery, Micro-Distillery,

Micro-Winery, Tap Room

Commercial Recreation, Entertainment & Lodging:

Health/Sports Club, Indoor Recreation, Lodge, Private Club, Reception Hall, Theater, Assembly Hall, Concert

Hall

Parking, Storage and Display Facilities:

Parking Facility, Private, Parking Facility, Public Transportation:

Taxicab or Limousine Business

Limited Production, Processing and Storage:

Artisan Workshop, Laboratory, Research and Development, Limited Production and Processing, Wholesale

Establishment

Other Uses:

Uses determined by the Community Development Department to be of similar scale, impact and character

Residential-Family Living:

Planned Unit Development, Residential Unit over Nonresidential Use

Civic & Institutional:

Municipal Administrative Building, Fire Station or other Public Safety or Service Facilities, Schools, Public and

Private

Accessory Uses & Structures:

Temporary Outdoor Events, Day Care Facility (serving 12 or fewer persons), Day Care Facility (serving from

13 through 16 persons), Group Family Day Care serving 14 or fewer children, Outdoor Seating, Outdoor

Display

Conditional Uses:

Drive-In or Self-Service Business, Garden Center, Greenhouse, Nursery, Mortuary, Funeral Home, Automobile

Service Station/Convenience Store, Live/Work Unit, Senior Housing, State Licensed Residential Facility

(serving six or fewer persons), State Licensed Residential Facility (serving from 7-16 persons), Day Care

Center, Day Nursery, Institutions, Temporary Outdoor Events (greater than 45 days), Outdoor Storage

Interim Uses:

Seasonal Business, Community Garden

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

Page 7: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

SITE PLAN

Site plan of the three contiguous properties for sale with public parking at the rear of the buildings and street parking in front of thebuildings. All three buildings, 2544, 2546-2548, are for sale.

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 8: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

North St. Paul is a city with a great quality of life, it has 14 city parks, schools, churches, a quaint downtown

district, three nature preserves, the Trailhead of the 18 mile Gateway State Trail and two recreational lakes. The

city is connected to a thriving metropolitan region, being a first ring suburb. It embraces its small-town feel but

also recognizes it is part of a larger region. North St. Paul has many cultural, community events:

Egg Hunt

Star Watch with Mike Lynch

Fall Roundup Parade

Summer Concerts in the Park

History Cruze Car Shows

Trick or Treat Trail

Holiday Hop

Silver Lake Splash

MIA/POW Candlelight March

Trick or Treat Trail

National Night Out

Experience 'Fabulous Fridays' during the summer

along 7th Avenue in downtown North St. Paul.

Over 1,500 classic cars participate along with

great food vendors, music

Current Development Opportunities:

North St. Paul is a great place to start or

relocate a business. There are many

opportunities for commercial development.

The North St.Paul Economic Development

Authority will work with you.

City Administrator- Scott Duddeck

651-747-2436, [email protected]

City of North St. Paul- 651-747-2400

www.northstpaul.org

2544, 2546, 2548

E.7thAve Properties

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

Page 9: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 10: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE

Page 11: BANQUET HALL AND KITCHEN FOR SALE€¦ · • Huge business opportunity with a 27 year successful history 2546-2548 E. 7th Avenue, North St. Paul, MN 55109 CATERING KITCHEN & CELEBRATION

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

POPULATION 3 MILES 5 MILES 10 MILES

Total population 72,512 195,118 593,347

Median age 38.2 36.2 35.6

Median age (male) 36.1 34.6 34.2

Median age (Female) 40.2 37.7 36.9

HOUSEHOLDS & INCOME 3 MILES 5 MILES 10 MILES

Total households 28,910 76,139 230,459

# of persons per HH 2.5 2.6 2.6

Average HH income $69,477 $68,550 $73,568

Average house value $243,064 $251,891 $276,415

* Demographic data derived from 2010 US Census

2546-2548 E. 7th Avenue, North St. Paul, MN 55109

CATERING KITCHEN & CELEBRATION ROOM (PRICE ADJUSTED)

BANQUET HALL AND KITCHEN FOR SALE