$450,000
501 N Broadway Gilbert, MN 55741
For Sale MLS# 150049
4,550 sq ft Commercial
Details for 501 N Broadway
MLS# 150049
Description for 501 N Broadway, Gilbert, MN, 55741
A Gilbert landmark is ready for its next chapter! Located on the highly visible corner of Highway 135 and Broadway, this well established commercial property has been home to a successful local restaurant for many years. With excellent exposure, ample parking, and a prime location, opportunities like this are rare. Built in 2006, the upper level features the restaurant space with a dining area, separate bar, commercial kitchen, and restrooms. The lower level offers a former living area, office, walk-in freezer, abundant storage, and additional flexible space. Whether you're looking to continue a restaurant operation or transform the property for a new purpose, the possibilities are endless. Retail, office, community space, church, event venue, or another business venture, the versatile layout can accommodate a wide range of uses. With its prominent corner location, outstanding visibility, and flexible floor plan, this property is ready for its next owner to bring their vision to life!
Listing Information
Property Type: Commercial
Status: Active
Square Feet: 4,550 sq ft
Year Built: 2006
Construction: Wood Frame
Interior Features
Square Footage above: 0 sq ft
Square Footage below: 3,500 sq ft
Basement: Full
Utilities
Other Utilities: City Sewer,City Water,Electric
Cooling: Central Air
Heating: Gas
Exterior / Lot Features
Exterior: Wood
Roof: Asphalt
Zoning: Comm
Additional Exterior/Lot Features: Road Frontage - City Street, State Highway
Waterfront Details
Water Front Features: 0 - None
Financial Considerations
Tax/Property ID: 60-30-20,30,50,60 & 120
Tax Amount: 5900
A broker reciprocity listing courtesy: Culbert Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the RAOR - Range Association of REALTORS®. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the RAOR - Range Association of REALTORS®. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 501 N Broadway
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 501 N Broadway
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.