Bloomington, Minnesota, a city with a population of nearly 90,000 residents, offers a unique opportunity for investors to capitalize on the city's strong economy and diverse industries. Restaurants for sale in Bloomington present a lucrative investment option, given the city's reputation as a major commercial hub and hospitality center. With over 100,000 jobs provided by various employers, Bloomington's economy is robust, making it an attractive location for businesses. The city's extensive park system, including Hyland Lake Park Reserve and the Minnesota Valley National Wildlife Refuge, adds to its appeal. Additionally, the presence of prominent companies like Ceridian, Donaldson Company, HealthPartners, and Toro contributes to the city's economic diversity. The Mall of America, a major tourist attraction, and the Minneapolis–Saint Paul International Airport further enhance the city's appeal.
With 3 restaurants for sale in Bloomington, investors have a range of options to choose from. Bloomington's restaurant scene is characterized by its diversity, with a mix of local eateries and national chains. The city's amenities, including the Bloomington Ice Garden and Normandale Community College, make it an attractive location for restaurants. Bloomington is also home to Apartment Buildings, Shopping Centers, and Specialty Properties, offering investors a range of options. The city's Hotels, such as those near the Mall of America, cater to the city's many visitors. With its strong economy, diverse industries, and extensive amenities, Bloomington is an attractive location for investors looking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Bloomington?
The average cost per square foot for a restaurant in Bloomington is $389 USD per square feet, with available listings totaling 3 and average sizes ranging from 26,389 square feet to 58,531 square feet.
What factors determine the value of a restaurant for sale in Bloomington?
When evaluating the value of a restaurant for sale in Bloomington, several key factors come into play, including:
- Location, with proximity to major attractions like the Mall of America, highways, and public transportation hubs impacting foot traffic and accessibility;
- Size and layout, with the average restaurant size in Bloomington being 26,389 square feet, and larger spaces like 58,531 square feet commanding higher prices;
- Financial performance, including the average cap rate of , which can influence the sale price and desirability of the restaurant.
