
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!
©2026 Range Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the the Range Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Range Board of REALTORS® are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker. Listing courtesy of Culbert Realty.
Data services provided by IDX Broker
| Price: | 450,000 |
| Address: | 501 N Broadway |
| City: | Gilbert |
| County: | Saint Louis |
| State: | Minnesota |
| Zip Code: | 55741 |
| MLS: | 150049 |
| Year Built: | 2006 |
| Square Feet: | 4,550 |
| area: | Eveleth/Gilbert/McKinley |
| heat: | Gas |
| roof: | Asphalt |
| range: | 17 |
| cooling: | Central Air |
| lvtDate: | 2026-06-01T00:00:00+00:00 |
| parking: | Parking Area, Above Ten Cars |
| section: | 23 |
| address1: | 501 N Broadway |
| basement: | Full |
| exterior: | Wood |
| location: | Corner Lot, Downtown Area |
| mainSQFT: | 3500 |
| township: | 58 |
| lowerSqft: | 3500 |
| totalSqft: | 3500 |
| utilities: | City Sewer, City Water, Electric |
| waterfront: | 0 - None |
| construction: | Wood Frame |
| lotSizeWidth: | 200 |
| roadFrontage: | City Street, State Highway |
| lotSizeLength: | 200 |
| miscellaneous: | Fire Alarm, Handicap Accessible, Living Area, Outside Storage, Security Lighting, Smoke Detectors |
| parcelCodeNum: | 60-30-20,30,50,60 & 120 |
| typeOfBusiness: | Business Opportunity |
| statusCategoryMls: | Active |
| businessRealEstate: | Business & Real Estate |
| irregularLotSizeYN: | yes |
| percentOfBsmntFinished: | 30 |


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