Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    406 9Th St NE Waseca, MN 56093

    For Sale
    $675,000

    Established restaurant and bar with loyal customer base and lake views.

    Property size:
    4,564 SF
    Lot size:
    0.30 Acres

    Property Features for 406 9Th St NE

    General Information

    Size
    4,564 SF
    Lot size
    0.30 Acres

    Source: Hospitality Services Corporation Agent Dan McGuire

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

    Overview

    Turnkey Restaurant and Bar Opportunity

    This turnkey full-service American cuisine grill and bar is located in a quiet residential neighborhood on the shores of Clear Lake. The 4,564 square-foot property has been a gathering place for 17 years, drawing in locals and visitors. The restaurant has a loyal customer base, trained staff, and a well-established reputation. Stunning lakeshore views make it a sought-after venue for boaters, parties, and special events. The interior is designed efficiently, is well-decorated and spacious, and offers ample seating, a full-service bar, and a full-service kitchen. An outdoor seating area enhances the view and provides a dining experience during the summer months. The menu features steak, walleye, ribs, pastas, burgers, sandwiches, wraps, baskets, flatbreads, and an outstanding salad bar, with breakfast served on Sundays. This property is suitable for conventional restaurants, restaurants, retail properties, and bars.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waseca
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.4952756
    Latitude
    44.0751739

    Nearby Similar for Sale

    • $620,000
      0.15 Acres

      Waseca Downtown Investment Opportunity

      Multi-use property with rental, event, retail, and restaurant spaces.
      102 State St N, Waseca, MN 56093
      View Details
    • $980,000
      0.18 Acres

      Waseca Downtown Investment Opportunity

      Multi-use property with income-generating spaces and modern updates.
      100 State St N, Waseca, MN 56093
      View Details
    • $4,500,000
      43,693 SF

      Versatile Retail/Cultivation/Manufacturing Facility

      Adaptable space ideal for retail, cultivation, food manufacturing, and cold storage.
      1230 N State St, Waseca, MN 56093
      View Details
    • Contact for pricing
      14 SF

      Waseca Industrial Building with Cranes

      Fully leased industrial building with cranes and cold storage.
      1400 2Nd St SE Waseca, Waseca, MN 56093
      View Details
    • $205,000
      4,796 SF

      Downtown Waseca Office Building

      Prime Office Space - For Sale or Lease
      111 State St, Waseca, MN 56093
      View Details
    • $650,000
      1,616 SF

      Lake Aire Lodging: Waseca, MN

      Prime Waseca investment: Motel, home, lake views.
      1208 Elm Ave, Waseca, MN 56093
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Established restaurant and bar with loyal customer base and lake views.
    Where is this conventional restaurant located?
    The property is located at 406 9Th St NE Waseca, MN.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Turnkey full-service restaurant with established reputation and loyal customer base.; - Stunning lakeshore views attract boaters, parties, and special events.; - Located in a desirable residential neighborhood on Clear Lake.
    (763) 972-9077
    Request Owner's contact information
    406 9Th St NE Waseca, MN 56093
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    406 9Th St NE
    Waseca, MN 56093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    406 9Th St NE Waseca, MN 56093
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.