For Sale: Calumet MLS# 7143989
Active
NEW!
$250,000
Commercial: 1 Story
Built 1940
0.14 acres
Greenway schools
MLS# 7143989
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Property Description
Recently updated bar with 2 studio apartments! This turn-key property is ready to start generating income today and offers a great opportunity with income and room to grow. The bar sells on-sale, off-sale, handmade pizzas, pull-tabs and e-tabs. Currently have a category 2 food license, with approved walls and flooring in the kitchen area and a hand-wash sink in place. Possibilities of adding a grill and hood, deep fryer, etc. Currently, have a pizza/sandwich prep cooler and are serving handmade pizzas. Would be easy to expand that into subs, paninis, etc. Great cash flow! The main level is a 50 x 70 space with tons of room for special events, tournaments, etc. There is plenty of space for a variety of activities and seating configurations. There are 2 studio apartments in the basement, which is an additional 50 x 70 space that has tons of storage, office space and washer and dryer hookups. Everything is turnkey and ready to start generating income today! Contract for deed available!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$250,000
Property Type:
Commercial
City:
Calumet
Garage Spaces:
1
County:
Itasca
Year Built:
1940
State:
MN
Property Style:
1 Story
Zip Code:
55716
Subdivision Name:
Calumet
Interior
Bedrooms:
0
Bathrooms:
0
Flooring:
Luxury Vinyl Plank, Wood
Refrigerators:
One
Appliances Included:
- Electric Water Heater
- Freezer
- Microwave
- Refrigerator
Basement Details:
- Block
- Full
- Storage Space
Exterior
Stories:
One
Garage Spaces:
1
Air Conditioning:
Window Unit(s)
Foundation Size:
3,482 ft2
Handicap Accessible:
Fully Wheelchair, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Gravel
- On-Street Parking Only
- Open
- Parking Lot
- Tuckunder Garage
Road Frontage:
City Street
Exterior Material:
- Block
- Brick
Roof Details:
- Age 8 Years or Less
- Flat
- Rubber
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
47.323209, -93.277504
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Land
Lot Dimensions:
130 x 125
Addl Parcels:
874100840
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
High Ground
Schools
School District:
316
District Phone:
2182477306
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$6,456
Annual Fuel Expense:
$3,000
Annual Insurance Expense:
$5,000
Annual Maintenance Expense:
$2,000
Annual Trash Expense:
$2,400
Annual Water/Sewer Expense:
$960
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,320
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,320
Income
Annual Gross Income:
$250,000
Rent
Annual Net Income:
$150,000
Units
Total Units:
2
Miscellaneous
Current Use:
- Bar/Tavern
- Commercial
- Event Space
- Food Service
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Real Estate Corners, Inc.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.