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    223 Grant Ave Eveleth, MN 55734

    For Sale
    $299,500

    Commercial/Industrial - Eveleth, MN

    Property size:
    9,457 SF
    Days on Market:
    43
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 223 Grant Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COM
    Rooms
    Basement
    APN
    040001001940, -01950
    Basement Y/N
    1
    Size
    9,457 SF

    Utilities

    Heating system
    Forced Air, Hot Water (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Building materials
    Brick, Stone
    Roof type
    Rubber
    Architectural style
    Other

    Janisch Realty (218) 780-6644 [email protected]

    Listing agent Lisa Janisch (218) 780-6644

    Listing date Oct 24, 2025

    MLS# 147284 Listing URL

    Copyright © 2025 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Eveleth Commercial Property with Apartments

    This well-maintained commercial property, located on Main Street in Eveleth, MN, presents an opportunity for various business ventures. The property includes a catering/restaurant/bar and banquet facilities, along with two upstairs apartments for additional income. The building has a total area of 9457 square feet and is located in an area zoned COM. The property is suitable for catering, restaurant, bar, and banquet facilities. The current owner is retiring and willing to provide training to the new owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Red Garter Lounge, Snickers Lounge, MINESHAFT, Roosevelt Bar, Penalty Box

    Location Insight

    • Map
    • Local Demand
    City
    Eveleth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.540249
    Latitude
    47.462256

    Nearby Similar for Sale

    • $299,500
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      Eveleth Commercial Property with Apartments

      Commercial property with catering, restaurant, bar, banquet facilities, and apartments.
      223 Grant Ave, Eveleth, MN 55734
      View Details
    • $87,500
      3,536 SF

      Mixed-Use Building with Income Potential

      Commercial building with storefront, warehouse, and two apartments.
      409 Grant Ave, Eveleth, MN 55734
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    • $1,500,000
      12.40 Acres

      Prime Eveleth Industrial Property

      12.4 Acres, Multiple Buildings, Hwy 53 Frontage
      4097 Highway 53, Eveleth, MN 55734
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    • $324,500
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      Eveleth Commercial Building - Great Potential

      8,206 sq ft building on 0.15 acres
      223 Grant Ave, Eveleth, MN 55734
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    FAQs

    What type of property is this?
    Bar - Commercial building with restaurant, bar, banquet facilities, and apartments.
    Where is this bar located?
    The property is located at 223 Grant Ave Eveleth, MN.
    What is the asking price?
    The asking price for this property is $299,500.
    What are key features of this property?
    This property features: - Opportunity to own and operate a catering/restaurant/bar & banquet facility.; - Includes two upstairs apartments for additional income.; - Well-maintained building with brick and stone construction.
    (218) 780-6644
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    Eveleth, MN 55734
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 Grant Ave Eveleth, MN 55734
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