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Active
$1,900,000
/mo Edit
Commercial:  Business Opportunity
Built 1960
3.37 acres
Moose Lake schools
MLS# 6463338
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    Property Description

    Route 61, Restaurant, Lounge & Bowling. This business has been in this established location for over 60 years. The current owners have been here for over a decade and are ready to move on to their next adventure. Extensive remodeling was done in 2020 that includes a new kitchen, bar area, flooring throughout, exterior walls, patio area, front entrance and bathrooms. As a Northeastern Minnesota Landmark this venue caters to their customers with a beautiful clean dining area that seats 100. The upscale bar/lounge seats 40 and the patio area seats 50 plus. The state of the art bowling alley with it's Quibica all electronic scoring, AMF pin setting and 8 lanes draw 7 different leagues throughout the year. Parking for patrons is not a problem with 100 plus spots. Located in southern Carlton County on HWY 61 just one mile south of Moose Lake and only a couple minutes off of I-35. This venue is well known for its fantastic food, beverages and family fun. Call us for more details!

    Listing

    Contingency: None
    City: Moose Lake Twp
    County: Carlton
    State: MN
    Property Style: Business Opportunity
    Zip Code: 55767
    Subdivision Name: Town Moose Lake

    Interior

    Ceiling Height: 8-10
    Refrigerators: Three
    Appliances Included:
    • Freezer
    • Indoor Grill
    • Microwave
    • Range
    • Refrigerator
    • Stainless Steel Appliances
    Basement Details:
    • Block
    • Partial
    • Partially Finished

    Exterior

    Stories: One
    Garage Spaces: 0
    Other Parking Spaces: 100
    Air Conditioning: Central Air, Ductless Mini-Split
    Foundation Size: 11,500 ft2
    Foundation Dimensions: Irregular
    Handicap Accessible: Fully Wheelchair
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Parking Lot
    • Paved
    Shared Amenities: None
    Road Frontage: County Road
    Exterior Material:
    • Brick/Stone
    • Fiber Cement
    • Steel Siding
    • Wood Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 3.37
    Geolocation: 46.43589800, -92.78347300
    Inclusions: Building, Business, Fixture/Equipment, Liquor License
    Lot Dimensions: 300 x 435
    Zoning: Business/Commercial
    Lot Description:
    • Irregular Lot
    • Tree Coverage - Light
    • Underground Utilities

    Farm

    Topography: Level

    Schools

    School District: 97
    District Phone: 218-485-4435

    Expenses

    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $9,376
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $9,886

    Income

    Annual Gross Income: $1,300,000

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Bar/Tavern
    • Other
    • Restaurant
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Majestic Pine Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.