Got an extra $400,000 laying around? If so, you could purchase the building that was formerly home to the Inver Grove Heights KFC. Complete details and sale information is listed by Restaurant Brokers of Minnesota.
The 2,118 square-foot building is located at 3220 South St W, Inver Grove Heights, MN 55076, on a .78 acre lot on the north end of Inver Grove Heights, bordering South Saint Paul and located next to a bustling McDonald’s restaurant.
In October of 2012 the Star Tribune reported that AFC Enterprises, the parent company of Popeyes’ Chicken and Biscuits and the second-largest U.S. fried chicken chain, would purchase 28 of the bankrupt KFC restaurants from Wagstaff Management, including 14 in Minnesota and 14 in California.
While AFC Enterprises quickly turned some Twin Cities KFC restaurants into Popeye’s restaurants, the IGH location was simply shut down. Since then, the building has sat vacant. DJ Sikka of Restaurant Brokers of Minnesota said “the building does need some work, but it’s been cleaned up and is a solid building.”
Sikka added the space would also be available for lease if someone was looking to open a restaurant. One group was interested in opening a mexican restaurant at the site (read this review about El Azteca, the newest mexican restaurant in IGH), Sikka said, but that is only in the discussion phases at this point. At this time, there is nothing imminent in the works.
The site was built in 1973 and also includes a basement (who knew?). Property taxes are listed at a paltry $13,361.46 per year.
So for now, the old KFC building sits empty. If you have an extra $400,000 laying around, it’s yours to buy. If you’re looking to start a new restaurant, with a little work, it’s ready for you too. Colonel Sanders isn’t coming back and Popeye’s also decided IGH wasn’t worthy of its famous chicken. It would seem this location would be a perfect location for a Taco Bell restaurant. It’s close to Highway 52 and 494, and is a high-traffic spot that restaurants need to thrive. But Minnesota Taco Bell franchisees indicated recently that there are no current plans for Taco Bell to expand into Inver Grove Heights. Add to that, 5 reasons popular restaurants won’t come to Inver Grove Heights and the chances of a new restaurant coming soon appear to be bleak.
But that’s how it goes in IGH. Restaurants go, but don’t come. And why IGH continues to be a great place to live, but an average place to eat.