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    185 Main St Wahkon, MN 56386

    Sponsored
    For Sale
    $399,900

    Turnkey Restaurant, Lakefront Tourist Area

    Property size:
    2,784 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2,784 square foot restaurant and bar is ideally situated on Main Street in Wahkon, Minnesota, a thriving hub within the bustling Mille Lacs Lake tourist region. The property boasts a prime 0.37-acre lot, offering high visibility and accessibility. The building itself is a historic brick structure, housing a beautifully designed interior featuring a large L-shaped bar, a spacious dining area, and a dedicated drink station. A stunning double-sided fireplace creates a warm and inviting atmosphere. The expansive stamped concrete patio provides ample outdoor seating, perfect for enjoying the vibrant lake area atmosphere. The modern kitchen is fully equipped with top-of-the-line appliances, including a large pizza oven, ample prep and cooling tables, a commercial dishwasher, and walk-in coolers. A newer, high-capacity air handler ensures optimal climate control. This turnkey operation presents a unique opportunity for an established restaurateur or a new entrepreneur looking to capitalize on the area's robust tourism. The property's combination of historic charm, modern amenities, and prime location makes it an exceptional investment opportunity. The building's size and layout offer significant potential for expansion or adaptation to suit various culinary concepts. This is a rare chance to acquire a well-established and highly profitable business in a desirable location.

    Property Features for 185 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    2,784 SF
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Auto Repair Shop Department Store Hotel & Motel Bar & Pub Discount Store Computer & Electronic Repair Wine and Liquor Store Bed & Breakfast Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wahkon
    County
    Mille Lacs
    State
    Minnesota
    Longitude
    -93.52139
    Latitude
    46.11897

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      360-Acre Wooded Retreat Near Lake

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    FAQs

    What type of property is this?
    Retail property - Turnkey Restaurant, Lakefront Tourist Area
    Where is this retail property located?
    The property is located at 185 Main St Wahkon, MN.
    What is the asking price?
    The asking price for this property is $399,900.
    (218) 454-4300
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    185 Main St Wahkon, MN 56386
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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
    185 Main St Wahkon, MN 56386
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