501 N Broadway

Active

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!

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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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