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    Established Bar with Expansion Potential Title is generated by Realmo AI

    104 Main Street, Georgetown, MN 56546

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    Long-standing family-owned bar with residential structure and expansion options.

    Type:Special Purpose
    Property size:
    1,902 SF
    Price / SF:
    $184/SF
    Added:
    May 21, 2026
    Days on Market:
    12
    Last Refresh:
    May 27 at 8:16 am

    Property Features for 104 Main Street

    General Information

    Standard status
    Active
    Size
    1,902 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Pepper Schwartz

    Listing agent Pepper Schwartz License #MN 40747329

    Listing office Better Homes and Gardens Real Estate Advantage One

    Listing date May 21, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens Real Estate Advantage One

    HighLights

    • Established family‑owned bar business ('The Outback Saloon') operating for 43 years.
    • Sale includes the business, real estate (bar and detached residential structure), inventory, fixtures, and equipment.
    • Multiple adjacent lots included, offering expansion and development possibilities.
    • Prime location in the heart of Georgetown, MN.
    • Bar building (1,902 sq ft) included.
    • Updated furnace and central air (installed in 2016).

    Overview

    This is a rare opportunity to own a long-standing, family-owned bar and business in the heart of Georgetown, MN. The Outback Saloon has been family owned for 43 years and offers an established location with history, character, and room for future possibilities. The sale includes the lot the bar sits on, along with a detached residential structure located behind the bar. Inventory, fixtures, and equipment are included, making this a great opportunity for a new owner to step into an existing business setup. Additional lots on both sides of the property are also included, creating options for expansion, added parking, outdoor seating, events, storage, or future development. The property features a 1,902 sq ft bar building, built in 1966, with updated furnace and central air in 2026.
    Location Intelligence

    Current Use by Public Records

    Georgetown Bar Bar & Pub

    Suggested Use

    Storage Facility Bar & Pub

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

    Similar Places Nearby

    • Georgetown Bar — 104 Main St, Georgetown, MN 56546

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Clay
    State
    Minnesota
    Longitude
    -96.796457
    Latitude
    47.080885

    FAQs

    What type of property is this?
    Bar & Pub - Long-standing family-owned bar with residential structure and expansion options.
    Where is this bar & pub located?
    The property is located at 104 Main Street Georgetown, MN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Established family‑owned bar business ('The Outback Saloon') operating for 43 years.; Sale includes the business, real estate (bar and detached residential structure), inventory, fixtures, and equipment.; Multiple adjacent lots included, offering expansion and development possibilities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Pepper Schwartz
    Real Estate License ID: MN 40747329
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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.

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