UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Bovey
MLS Listing ID 7162218
Year Built 1920
Annual Tax Amount $2,693
Tax Year 2026
Contingent None
Lot Size 0.320 Acres
Lot Dimensions 44.5 × 90
Property Description
An exceptional commercial turnkey opportunity! Following the forfeiture of a previous contract for deed, the sellers have repossessed the property and completed extensive cosmetic and operational upgrades throughout the establishment. Community support has been overwhelming, with patrons welcoming the owners back and contributing to a substantial increase in daily revenue.
Business & Revenue Highlights
Established Entertainment Destination: Successfully hosts weekly dart and pool tournaments, live band performances, birthday parties, and baby showers. The business also plans to introduce meat raffles and bingo events, creating additional opportunities to attract patrons, increase traffic, and grow revenue.
Multiple Revenue Streams: In addition to food and beverage sales, the establishment offers pull tabs and electronic pull tabs (e-tabs) to its patrons, providing an additional source of business income and enhancing the overall entertainment experience.
Food & Beverage Operations: Currently serving pizza and light food items, with significant potential to expand the menu and increase sales.
Value-Add Kitchen Opportunity: Features a designated kitchen area currently plumbed with a sink, offering excellent potential for expanded food service. Buyers interested in developing a more extensive menu are encouraged to consult local city and health officials regarding licensing, equipment, and layout requirements for commercial food preparation. This space offers an opportunity to tailor food service to a buyer's vision.
Immediate Rental Income: Includes two fully leased, income-producing residential apartments on-site, providing an additional revenue stream alongside the bar and entertainment business.
Growth Potential: With established community support, multiple entertainment offerings, food and beverage sales, pull-tab and e-tab income, and residential rental revenue, this property presents an exciting opportunity for an owner-operator or investor to build on an established business and explore additional revenue opportunities.
Location
State MN
County Itasca
Zoning Business/Commercial
Rooms
Family Room Other
Kitchen Cookware/Utensils, Refrigerator
Interior
Heating Boiler, Forced Air, Radiator
Cooling None
Flooring Carpet, Concrete Slab, Floor Drains, Tile, Vinyl
Inclusions Building, Business, Fixture/Equipment, Inventory, Leases
Fireplace No
Appliance Cooktop, Range, Refrigerator
Exterior
Parking Features Detached Garage, Gravel, Parking Lot
Garage Spaces 2.0
Fence None
Pool None
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age Over 8 Years
Present Use Professional/Office,Commercial,Other,Recreational,Bar/Tavern
Building
Lot Description Tree Coverage - Light
Story One
Foundation 4554
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Block,Other,Brick,Concrete,Stone
New Construction false
Schools
School District Greenway