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    29410 Beroun Crossing Road Pine City, MN 55063

    View on Map
    For Sale
    $420,000

    Commercial - Chengwatana Twp, MN

    Lot size:
    4.99 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    568
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for 29410 Beroun Crossing Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial,Other
    Parking features
    Driveway, Guest, Other, Parking Lot, RV
    Exterior features
    Brick/Stone, Log
    Appliances
    Cooktop, Dishwasher, Freezer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    0080064002
    Lot size
    4.99 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    4214

    Utilities

    Heating system
    Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Flooring type
    Concrete
    Building materials
    Log
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Martin Turner
    Martin Turner

    Listing agent Martin Turner

    Listing office eXp Realty 4525 White Bear Parkway, White Bear Lake, MN

    Listing date Sep 11, 2024

    MLS# 6602200 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Saloon and Grill on 4.99 Acres

    Mavericks Saloon, a bar and grill, is available for purchase. The sale includes 4.99 acres of land, buildings, inventory, fixtures, and equipment. The property features a large, expandable parking lot with over 100 spaces. The interior provides seating for 75 patrons, complemented by an outdoor screened-in patio. An 18' x 20' covered pavilion is located to the east of the building. The saloon is fully furnished with booths, tables, chairs, and bar stools. The remodeled 12' x 40' kitchen includes a 12' long vent hood, broaster, three deep fryers, a flat grill with oven, and a char broiler. Heating is provided by in-floor heat, utilizing an outdoor wood boiler or a propane boiler system. The building features a log structure with open vaulted ceilings. The property is located on a snowmobile and ATV trail. Additional 96+ acres of land are available for a package deal. The property is located less than 15 minutes north of Pine City and just south of Hinckley, in Chengwatana Township, MN. The property could be converted into a single-family home and a small farming operation, or subdivided into homes from 2.5 to 5+ acre lots. The property has a current liquor license.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Pine City
    County
    Pine
    State
    Minnesota
    Longitude
    -92.842646
    Latitude
    45.903294

    Nearby Similar for Sale

    • $420,000
      4,060 SF

      Established Saloon with Acreage

      Operating bar and grill on 4.99 acres near Pine City.
      29410 Beroun Crossing Road, Chengwatana Twp, MN 55063
      View Details
    • $2,700,000

      Lakefront Venue with Income Potential

      Versatile lakefront property ideal for rental, events, or private retreat.
      10762 Lakeview Shore Drive, Pokegama Twp, MN 55063
      View Details
    • $395,000

      Pine City Commercial Building For Sale

      3,600 SF single-tenant building with a strong tenant since 2013.
      705 Hillside Avenue SW, Pine City, MN 55063
      View Details
    • $420,000
      4,060 SF

      Operating Bar & Restaurant For Sale

      Updated bar and restaurant with seating for 75 indoors.
      29410 Beroun Crossing Rd, Pine City, MN 55063
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Operating bar and restaurant with recent updates and liquor license.
    Where is this bar & pub located?
    The property is located at 29410 Beroun Crossing Road Pine City, MN.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Operating bar and restaurant with a current liquor license, including all inventory, fixtures, and equipment.; Includes 4.99 acres of land with a LARGE, EXPANDABLE PARKING LOT (over 100 spaces).; Newly remodeled and FULLY EQUIPPED 12' x 40' kitchen with a 12' vent hood, broaster, fryers, grill, oven, and char broiler.
    (612) 695-0167
    We can help!
    Listing Contact
    Martin Turner
    Martin Turner
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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