Minneapolis Restaurants for Sale
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Restaurants For Sale in Minneapolis
Minneapolis, MN, is a city with strong infrastructure ideal for restaurants because of its diverse culinary scene and population. The city attracts many residents and tourists with its cultural institutions and professional sports teams, creating a good environment for dining businesses. Its public park system, linked by the Grand Rounds National Scenic Byway, brings in foot traffic and offers attractive spots for new restaurants. The University of Minnesota’s main campus provides a constant stream of students and faculty in need of places to eat. The location near the Mississippi River and several lakes also offers unique waterfront dining opportunities.
There are 15 restaurant listings in Minneapolis, showing a solid market for newcomers or those wanting to grow in the food service industry. These businesses can take advantage of the city's distinct seasons to offer varying menus. Meanwhile, apartment buildings add to the city's skyline and house a diverse population. Shopping centers, with local and national stores, and specialty properties like art galleries or theaters, add to Minneapolis's cultural offerings. Hotels cater to business travelers and tourists, providing a steady customer base for restaurants. These property types, from apartments to hotels, create a supportive network for Minneapolis’ restaurant industry.
Learn About Restaurants For Sale in Minneapolis
How many restaurant listings are available for sale in Minneapolis?
What factors should I consider when searching for restaurants for sale in Minneapolis?
- Analyze the average price per square foot for restaurant listings, which currently stands at $397, to ensure the investment aligns with your financial plan.
- Consider the average size of restaurant listings, around 9,310 SF, and the largest available, up to 37,884 SF, to determine the space that best fits your operational needs.
- Review the average cap rate for restaurants, which is 6.58%, to understand the potential return on investment in the Minneapolis market.
How much does it cost to buy a restaurant in Minneapolis?
What is the largest restaurant available to buy in Minneapolis?
The largest restaurant listing currently available in Minneapolis is 37,884 SF.
Why is Minneapolis an ideal location for restaurants for sale?
Minneapolis's cultural scene, extensive park system with trails, and a sizable population position it as a favorable market for restaurant listings.
Restaurants in Minneapolis - Size Summary
Restaurant Size | Square Feet |
---|---|
Maximum | 37,884 SF |
Average | 9,310 SF |
Minimum | 1,878 SF |
Restaurants in Minneapolis - Cap Rate Data
Restaurant Cap Rate | Cap Rate Percentage |
---|---|
Maximum | 8% |
Average | 6.58% |
Minimum | 5.75% |
Restaurants in Minneapolis - Price
Restaurant Price | Price Per SF |
---|---|
Maximum | $1,086 Per SF |
Average | $397 Per SF |
Minimum | $110 Per SF |