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Active NEW!
$275,000
/mo Edit
Commercial:  Business Opportunity
Built 1954
1.65 acres
Mcgregor schools
MLS# 6817253
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    Property Description

    NO CD'S...cash sale preferred. New septic design/drawing has been submitted to the County. Kitchen does need to have ServPro out to clean/polish up since it has been 5+ years since it been used to its full potential. Kitchen equiptment worked 5+ years ago( stopped using during covid), fire supression system needs to be brought to code. Upper level has a 1 bedroom, 3/4 bath, living room living quarters. Does need some TLC but with the right vision you could bring this historic gem back to its full glory. Vaulted ceilings with stunning log beams, log interior with 2 spacious bars, lots of seating, booths high and low tables, stage for a band/DJ, large area for a dance floor, this would be optimal space to host events, dart tournaments, pool league, bag league, add a patio out front for people to enjoy the lakes area outdoor beauty. Currently On/off sale liquor license, gambling license and restaurant license. All licensees have to be applied with a new owner. Mcgregor area has many events all year long to bring revenue to the area ~ snowmobile side by side runs, vintage run, poker run, many lakes, trails for all type of entertaiment. Sold as is - owner is not making any concessions to any repairs needed. New septic will be new owner’s responsibility. We are obtaining bids. Food and beverage is sold seperate.

    Listing

    Contingency: None
    City: Shamrock Twp
    County: Aitkin
    State: MN
    Property Style: Business Opportunity
    Zip Code: 55760

    Interior

    Ceiling Height: 16-20
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 35
    Air Conditioning: Central Air
    Foundation Size: 8,300 ft2
    Handicap Accessible: No Stairs External
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Gravel
    Unit Amenities:
    • Kitchen Center Island
    • Kitchen Window
    • Vaulted Ceiling(s)
    Road Frontage: City Street
    Exterior Material: Wood Siding
    Roof Details:
    • Age Over 8 Years
    • Architectural Shingle
    • Metal

    Lot & Land

    Acres: 1.65
    Geolocation: 46.73114, -93.281592
    Inclusions: Building, Business, Fixture/Equipment, Inventory, Land
    Lot Dimensions: 200 x 367 x 200 x 660
    Zoning: Business/Commercial
    Lot Description: Some Trees

    Schools

    School District: 4
    District Phone: 218-768-2111

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,242
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,242

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Bar/Tavern
    • Commercial
    • Event Space
    Fuel System: Propane
    Owner Occupied: No
    Sewer System:
    • Mound Septic
    • Septic System Compliant - No
    Available Utilities: Electric Common
    Water System:
    • Drilled
    • Private
    • Well

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