981 Sibley Memorial Hwy - Restaurant FOR SALE


Lilydale, MN 55118
$2,800,000 USD
651-269-2004
981 Sibley Memorial Hwy, Lilydale, MN for Sale
$2,800,000 USD
Restaurant - FOR SALE
1/31
null | Request Cap Rate

981 Sibley Memorial Hwy
Lilydale, MN 55118


HIGHLIGHTS

  • Great location at 13 and 35E with quick access to St. Paul, Minneapolis, and MSP airport.
  • Affluent customer base in Mendota Heights, Lilydale, and Mendota.
  • Custom, high-end design and finishes.

OVERVIEW

This high-end mixed-use retail/restaurant space is within the sought-after Stonebridge development, boasting strong foot traffic, ample parking, and excellent signage visibility. The building was purpose-built for foodservice, featuring professional-grade kitchens, a wine shop, an elegant dining space, and a thriving Italian market/deli. Home to two of the Twin Cities' most renowned Italian establishments: Buon Giorno Italia and Osteria I Nonni. This turn-key, high-visibility property benefits from an affluent customer base in Mendota Heights, Lilydale, and Mendota. The prime location at the intersection of Sibley Memorial Highway (MN-13) and 35E has easy access to St. Paul, Minneapolis, and the MSP airport. Tenant Businesses: Buon Giorno Italia – An iconic Italian market, deli, and wine shop serving gourmet imported goods, fresh-made pastas, and artisan specialties for over 20 years. Osteria I Nonni – A highly acclaimed fine-dining Italian restaurant known for its authentic regional cuisine, award-winning wine list, and elegant ambiance.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

PUD

APN/PARCEL ID

24-67502-01-020

ASK ABOUT THIS PROPERTY

Steve NortonNorton RealtyMore Info
651-269-2004

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Steve NortonNorton RealtyMore Info
651-269-2004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.