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    510 Main St Ormsby, MN 56162

    Sponsored
    For Sale
    $195,000

    Established Bar/Restaurant, Main Street Location

    Property size:
    1,813 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This thriving bar and restaurant, Orv's Food and Spirits LLC, is a turnkey opportunity located on Main Street in Ormsby, Minnesota. The 1,813 square foot establishment boasts a historically significant, beautifully preserved Brunswick bar (original, dating back to 1929 and imported from Germany). The property includes a fully equipped kitchen with recently updated appliances and equipment, ready for immediate operation. Recent upgrades (2023-2024) include a new walk-in cooler, refrigerator/freezer combination, freezer, prep table, char broiler, repaired stainless freezer and salad prep table, a new ice machine (awaiting installation), new dishes and glassware, numerous kitchen utensils, two rebuilt front windows, a new back door, fresh paint throughout the dining room, bathrooms, and hallway, and new bar stools. Some equipment is leased (pop coolers and dishwasher). Inventory is included in the sale price of $195,000. Potential buyers must provide proof of funding before scheduling a showing. This is a rare chance to own a well-established business with significant recent improvements and a rich history. Don't miss this opportunity to own a piece of Ormsby's Main Street!

    Property Features for 510 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,813 SF

    Building Details

    Year Built
    1903
    Property Profile Location Intelligence

    Current Use by Public Records

    Orv's Food & Spirits Bar & Grill

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Garden Center Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormsby
    County
    Watonwan
    State
    Minnesota
    Longitude
    -94.69791
    Latitude
    43.84835

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar/Restaurant, Main Street Location
    Where is this commercial real estate located?
    The property is located at 510 Main St Ormsby, MN.
    What is the asking price?
    The asking price for this property is $195,000.
    (507) 847-2104
    Request Owner's contact information
    510 Main St Ormsby, MN 56162
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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
    510 Main St Ormsby, MN 56162
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