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Commercial:  Business Opportunity
Built 1962
0.9 acres
Pillager schools
MLS# 5570359
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    Description:   Established bar/restaurant on beautiful Lake Alexander.The only restaurant on lake, remodeled bar area in 2019.Total seating of 160. 50+ outdoor patio/tiki bar seating. Kitchen & bar equipment is modern and well cared for. Large living quarters above restaurant. On/off sale, large dock system, gas sales/fuel tank on the water with separate dock. Private boat landing. Established live music venue. All this sits on 250' of stunning lake frontage.
    List Price: $800,000
    Sold Date: 0000-00-00
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1962
    City: Cushing
    County: Morrison
    State: MN
    Zip Code: 56443


    Building Fin Sq Ft: 5,444 sqft
    Appliances Included: Other
    Basement Details: None


    Air Conditioning: Central Air
    Heating System: Forced Air
    Foundation Size: 4,196 sqft
    Shared Amenities: Deck, Patio
    Road Frontage: County Road
    Handicap Accessible: No Stairs Internal
    Exterior Material: Wood Siding
    Garage Spaces: 0
    Other Parking Spaces: 20
    Roof Details: Asphalt, Age 8 Years or Less


    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: Alexander
    DNR Lake ID#: 49007900
    WF Frontage: 250
    Lake Acres: 2708
    Lake Depth: 64


    Acres: 0.9
    Lot Description: Irregular Lot
    Latitude: 46.22254900
    Longitude: -94.55982700
    Lot Size Dim.: 230x145x250x90
    Zoning: Business/Commercial


    School District: 116
    District Phone: 218-746-3772


    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: None
    Total Annual Expenses: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $4,775
    Assessment Pending: Unknown
    Taxes w/ Assessments: $4,860


    Annual Gross Income: None


    Annual Net Income: None


    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 1
    Total Rooms in Unit 3: 0
    Total Units: 2
    Number of Efficiencies: 0


    Current Use: Restaurant, Bar/Tavern
    Fuel System: Propane
    Owner Occupied: Yes
    Sale Includes: Business, Building, Land
    Sewer System: Private Sewer
    Available Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Utilities: Heating Separate, Electric Separate, Hot Water Separate
    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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