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$483,400  (list price)
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Commercial:  Business Opportunity
Built 1936
Waubun-Ogema-White Earth schools
MLS# 5489908
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    Description:   Well known ELBOW LAKE STORE. 47 Acres, 350 feet of shoreline on Big Elbow Lake. Established Elbow Lake Store off of scenic Highway 113, is a year round business. Lake life in the summer, snowmobile activity in the winter, ATV, s, deer camp, local activity round out the year. Newer owners home, upper level not finished. Solid income. Groceries, gas, short order menu, bait/tackle, beer, slot machines (nice). Room for growth. Possible RV sites, storage units, laundry, etc. all on 47 definitely have the space. Own your newer home and business on the lake...all in one package. Great couple or family opportunity. Imagine the possibilities!!...Let's talk!!
    List Price: $483,400
    Sold Price: $479,000
    Sold Date: 06/11/2021
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1936
    City: Waubun
    County: Becker
    State: MN
    Zip Code: 56589


    Building Fin Sq Ft: 4,848 sqft
    Appliances Included: Refrigerator, Fuel Tank - Owned, Electric Water Heater, Freezer


    Air Conditioning: Wall Unit(s)
    Heating System: Forced Air
    Foundation Size: 3,200 sqft
    Handicap Accessible: Wheelchair Ramp(s)
    Exterior Material: Wood Siding
    Garage Spaces: 2
    Other Parking Spaces: 50


    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: Elbow Lake (03015900)
    DNR Lake ID#: 03015900
    WF Frontage: 350
    Elev Highpt to WF feet: 15-26
    Lake Acres: 985
    Lake Depth: 76
    Lake Bottom: Soft


    Acres: 0
    Lot Description: Tree Coverage - Heavy, Additional Land Available
    Latitude: 47.14551826
    Longitude: -95.54052464
    Lot Size Dim.: 350x2108x708x2303x740
    Zoning: Business/Commercial


    School District: 435
    District Phone: 218-473-6171

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $3,780
    Assessment Pending: No
    Taxes w/ Assessments: $3,780


    Total Units: 3


    Current Use: Restaurant, Bar/Tavern, Food Service, Resort, Retail
    Fuel System: Propane
    Owner Occupied: Yes
    Sale Includes: Business, Business Assets, Land, Fixture/Equipment, Liquor License, Building, Oth
    Sewer System: Tank with Drainage Field
    Available Utilities: Electric Separate, Heating Common, Hot Water Common
    Utilities: Electric Separate, Heating Common, Hot Water Common
    Water System: Well

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    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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    Listing provided by RMLS, courtesy of eXp Realty - Fargo 3369.
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.