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$799,000 -$50,000 (-5.89%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 2,990 Sq. Ft.
  • 0.078 Acres
  • Updated 12 hours ago
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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. 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.

Full Property Details for 118 Main St S

General

  • Price: $799,000
  • Taxes: $5,052 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6792027
  • Updated: 5/1/2026
  • Added to Site: 115 day(s) ago

Interior

  • Appliances: None
  • Flooring: Carpet, Floor Drains, Tile

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Isanti
  • Township: Cambridge
  • Subdivision: Nesbitt & Woodmans Add
  • Driving Directions: Hwy 65 North to Hwy 95 exit. Turn left onto Hwy 95. Take 95 to Main street. Turn left onto Main street. Cafe will be on your left.

School Information

  • School District: 911 - Cambridge-Isanti
  • High School District: Cambridge-Isanti

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Brick, Concrete, Frame
  • Foundation Size: 2990
  • Roof: Age 8 Years or Less, Flat, Rubber
  • Ceiling Height: 8-10
  • Disability Access: Doors 36"+, Grab Bars In Bathroom, Hallways 42"+, No Stairs External, No Stairs Internal
  • Square Feet: 2,990
  • Finished Down/Base.: 2,990 Sq. Ft.
  • Current Bldg. Use: Restaurant
  • Year Built: 1906

Lot Features

  • Lot Size (Acres): 0.078
  • Lot Dimensions: 27 x 125
  • Frontage: City Street, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $5,052
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: S 2' of lot #3 15066 Nesbitt & Woodsman Legal to Govern
  • Inclusions: Building, Business, Fixture/Equipment
  • Property ID: 150660040

Listed by Century 21 Moline Realty Inc

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Listing agents

— 118 Main St S —

  • Century 21 Moline Realty Inc

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 118 Main St S

School District:Cambridge-Isanti Public School District
NameGradesDistance
Cambridge Intermediate School
428 2nd Avenue Northwest, Cambridge, MN 55008
3-50.3 mi
Cambridge Primary School
310 North Elm Street, Cambridge, MN 55008
K-20.5 mi
Cambridge Middle School
31374 Xylite Street Northeast, Cambridge, MN 55008
6-82.5 mi
Cambridge-Isanti High School
430 8th Avenue Southwest, Cambridge, MN 55008
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 Main St S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2026
Price Reduced
$799,000
-5.89%
MLS
1/06/2026
Listed
$849,000
54.36%
MLS
7/10/2006
Sold
$550,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 118 Main St S

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,476
12%
$209,300
3%
2024
$4,878
10%
$203,200
—
2022
$4,450
1%
$203,200
28%
2021
$4,408
4%
$158,800
-10%
2023
$4,246
-2%
$176,500
16%
2020
$4,334
-3%
$152,300
—
2019
$4,466
—
$151,900
4%
2018
$4,466
-22%
$146,700
-4%
2017
$5,694
-6%
$153,000
-4%
2016
$6,036
-13%
$159,300
-6%
2015
$6,958
8%
$169,000
4%
2014
$6,454
-5%
$161,800
-9%
2013
$6,786
—
$178,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Century 21 Moline Realty Inc

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118 Main Street S, Cambridge, MN 55008 (MLS# 6792027) is a Commercial property. 118 Main Street S is currently listed for $799,000 and was received on January 06, 2026. Want to learn more about 118 Main Street S? Do you have questions about finding other Commercial real estate for sale in Cambridge? You can browse all Cambridge real estate or contact a Coldwell Banker agent to request more information.

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