Property Description
Exceptional Turnkey Bar & Entertainment Business with Income-Producing ApartmentsAn 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 HighlightsEstablished 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.
Property Features
Property Type: Commercial - Office
Cooling: None
Fuel Type: Natural Gas
Garage: 2
Heating: Boiler, Forced Air, Radiator
Lot Size: 0.32 Acres
Roof Type: Age Over 8 Years
Stories: 1.0
Taxes: $2,693
Year Built: 1920
Feature Descriptions
Appliances: Cooktop, Range, Refrigerator
Current Use: Professional/Office, Commercial, Recreational, Bar/Tavern
Days on Site: 10
Exterior: Block, Other, Brick, Concrete, Stone
Foundation Size: 4554
Handicap Accessible: Wheelchair Ramp(s)
Lot: Tree Coverage - Light
Lot Dimensions: 44.5 Ã? 90
Owners Expense: All Utilities, Electricity, Gas, Grounds Care, HVAC Maintenance, Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 864101350
Parking: Detached Garage, Gravel, Parking Lot
Sale Includes: Building, Business, Fixture/Equipment, Inventory, Leases
Sewer: City Sewer/Connected
Shared Rooms: Other
Tenant Expenses: Cable TV
Units: 2
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Greenway
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Agency Phone: 651-735-1350
Shown By
Agent Name: Dan Zugschwert, Home Sales Team
Agent Phone: (651) 357-2731
Agency Title: Counselor Realty
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209 2nd Street | MLS# 7162218
This commercial property located at 209 2nd Street , Bovey, MN 55709 is currently listed for sale with an asking price of $269,900. 2nd Street is located within the Greenway school district. Search Bovey real estate on dzugschwert.counselorrealty.com today.