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    49463 202Nd Pl McGregor, MN 55760

    Sponsored
    For Sale
    $299,000

    Turnkey Bar & Grill, Hwy 65 Location

    Property size:
    8,227 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional business opportunity presents the chance to own the established Red Rock Bar & Grill. The sale includes the thriving business, a substantial 8,277 square foot building situated on a 1.65-acre lot, providing ample space and potential for expansion. The property boasts both on and off-sale liquor licenses, ensuring a seamless transition for the new owner. All furnishings, equipment, and inventory are included in the sale price of $299,000, making this a truly turnkey operation. The building itself is a striking structure featuring a charming log interior, complemented by two fully equipped bars, a large seating and dining area perfect for accommodating numerous patrons, and a spacious full kitchen complete with two walk-in coolers and freezers. Further enhancing its versatility, the property includes a sizable event/banquet hall, ideal for hosting private parties, weddings, and other special occasions. A dedicated game room adds to the entertainment options, while upstairs living quarters offer convenient on-site accommodation. Strategically located off Highway 65, the Red Rock Bar & Grill enjoys excellent visibility and accessibility, placing it just minutes from popular ATV/snowmobile trails, the picturesque Big Sandy Lake, and the vibrant city of McGregor. This year-round establishment presents a unique opportunity for a savvy investor seeking a profitable and well-established business in a desirable location.

    Property Features for 49463 202Nd Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,227 SF
    Lot Size
    71,874 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Bar & Pub Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    McGregor
    County
    Aitkin
    State
    Minnesota
    Longitude
    -93.28169
    Latitude
    46.73132

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Bar & Grill, Hwy 65 Location
    Where is this commercial real estate located?
    The property is located at 49463 202Nd Pl McGregor, MN.
    What is the asking price?
    The asking price for this property is $299,000.
    (763) 548-1400
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    49463 202Nd Pl McGregor, MN 55760
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    McGregor, MN 55760
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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
    49463 202Nd Pl McGregor, MN 55760
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