DB Searles

Property Flyer

Property Info:

Location:

Address: 18 5th Avenue South
Town/Suburb/City: St. Cloud
State/County/Province: MN
Postal code/ZIP: 56303
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Contact:

Agent's Name: Jim Pflepsen
Phone Number: (320) 492-1880
jimp@granitecityproperties.com
Agent's Name: Kate Hanson, CCIM
Phone Number: 320-420-6485
katieh@granitecityproperties.com

Property Description:

Turn-Key Bar, Restaurant & Event Center
in the heart of Downtown St. Cloud

18 5th Avenue South in St. Cloud, MN 56301

For Sale

$650,000

Property Information

  • This establishment is a historic landmark for the City of St. Cloud and is a rare opportunity to purchase on 5th Avenue. 
  • Downtown St. Cloud is a mixture of 60+ retail shops, 45+ eating establishments, 500+ businesses, and 70+ historic buildings.
  • 3.5 level building with a total GBA of 11,961 square feet built in 1886.
    o Main level consists of a bar and seating area. 
  • o 2nd level was used for events only. It has served events such as university banquets, grooms dinners, Christmas parties, etc.
    o The upper level & seating mezzanine was restaurant space (Formerly Nick’s Third Floor). 
  • Popular Downtown lounge bar and dining location.
  • Excellent 5th Avenue location with 30+ years of history as DB Searles.
  • Restaurant and bar have grossed more than 2 million per year.
  • Three public parking ramps comprising more than 1,200 stalls are within blocks of the property.
  • Within walking distance to large employers such as Capital One, State of Minnesota office, Stearns County office and The City of St. Cloud office and multiple hotels.

Building Details

  • Approved Occupancy 465 total; 152 first floor, 130 second floor, 183 third floor and mezzanine. 
  • All fixtures and equipment now on-site will remain.
  • Multiple walk-in coolers and freezers.
  • Recent upgrades to fire protection systems.
  • Alarm and camera systems in place.
  • Secure business office with safe.
  • Full commercial kitchen and equipment in place
  • Separate food processing and preparation area.
  • Original Fireplace (currently not functioning).
  • 4 stop elevator, inspections and service requirements are current.

Property Flyer