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People's Cafe 118 Main St S 2,990 SF Retail Building Cambridge, MN 55008 $1,177,088 CAD ($393.67 CAD/SF)



INVESTMENT HIGHLIGHTS
- Restaurant in the heart of Downtown Cambridge
- Brick Building
- On Main Street
EXECUTIVE SUMMARY
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. As the owners look ahead to retirement, People's Cafe will continue serving the community with business as usual while a new owner is found. 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.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$7,004
|
$2.34
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,004
|
$2.34
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $7,004 |
| Annual Per SF | $2.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,004 |
| Annual Per SF | $2.34 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,990 SF
Building Class
C
Year Built
1906
Price
$1,177,088 CAD
Price Per SF
$393.67 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.89
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
Business/Commercial
Frontage
26’ on Main Street S
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- People's Cafe
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| People's Cafe | Retailer | - | - | - |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15.066.0040 | Total Assessment | $290,048 CAD |
| Land Assessment | $70,121 CAD | Annual Taxes | $7,004 CAD ($2.34 CAD/SF) |
| Improvements Assessment | $219,926 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
15.066.0040
Land Assessment
$70,121 CAD
Improvements Assessment
$219,926 CAD
Total Assessment
$290,048 CAD
Annual Taxes
$7,004 CAD ($2.34 CAD/SF)
Tax Year
2025
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People's Cafe | 118 Main St S
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