118 Main Street S, Cambridge, MN 55008
sale
$849,000
|
Retail
Listed By CENTURY 21 Moline Realty, Inc
This is a rare opportunity to own People's Cafe, a well-established and highly regarded restaurant located in the heart of downtown Cambridge. Operating successfully for 42 years on Main Street, this thriving business is a true local favorite, benefiting from steady auto and foot traffic and a loyal, repeat customer base. The property offers over 2,900 square feet of well-designed, functional space, including an efficient commercial kitchen, a welcoming dining area with seating for up to 88 patrons, and a well-organized back-of-house areas. The sale includes the building, all furniture, fixtures, and equipment-including tables, chairs, kitchen equipment, supplies, and basic small wares-along with the People's Cafe name and logo, making this a turnkey opportunity. Significant recent improvements add value and peace of mind, including a new roof (2025), new carpet (2024), new condenser (2023), on-demand water heater (2020), and a new ice machine (2018). Located on Main Street, the cafe enjoys excellent visibility and added exposure during the many community events held throughout the year. This is an exceptional opportunity to own a successful, long-standing restaurant in a close-knit community with consistent patronage and strong potential for continued growth.
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Property Features
- Age: Over 50 Years Old
- Area Description: Suburban
- Average Floor Size: 2990
- Building Area: 2990.00 SF
- Cooling: Central A/C
- Cross Docks: N
- Exterior: Sidewalk
- Exterior Description: Brick
- Flooring: Tile
- Flooring: Wall to Wall Carpet
- For Auction: N
- General: Wheel Chair Accessible
- General: Ceiling Fan(s)
- Heating - Fuel Type: Gas
- Heating Type: Forced Air
- Level Number: 1
- Lot Description: Level
- Lot Size Desc: Under 1/2 Acre
- Lot Size In Text: 0.078 Acres
- MLSID: 6792027
- Max Contiguous Space: 2990
- Price Upon Request: N
- Property Use: Other Commercial
- Road Type: City / Town Street
- Roof: Rubber
- Sewer: City
- Style: Hosp. Restaurant
- Sublease: N
- Tax Year: 2025
- Taxes: $5052.00
- Total Units: 1
- Water: City Water
- Year Built: 1906
- Zoning: Business/Commercial
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