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Restaurant with Bar and Shops
For Sale
$299,999

12223 2nd Street, Northome, MN 56661

Includes restaurant equipment, inventory, a bar, and multiple accessory shop and garage areas.

Property Size8,192 SF
Price / SF$37.50
Days on Market171

Property Features for 12223 2nd Street

General Information

Standard status Active
Size 8,192 SF
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Business Included Yes
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $1,688

Building Details

Building Size 8,192 SF
Year Built 1933
Stories 1
Units 3
Listing Agency: Blackduck Realty
Listed By: Morgan Gibbs
Source: Ivyrealestategroup
Added: Feb 22 Changed: Aug 10 Last Checked: Aug 11 at 2:46PM

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 Blackduck Realty

Investment Insights

Based on property information with market context.

This restaurant property includes an 8,000-square-foot building with a sit-down dining operation, bar, inventory, and equipment. The improvements also include a 54x60 shop area used for storage, a 24x46 garage that is currently rented, and a 60x36 shop/garage area.

The property is located at 12223 2nd Street in Northome, Minnesota, within the 56661 ZIP code. Zoning is Business/Commercial. The existing layout combines restaurant space with accessory storage, shop, and garage improvements, including a currently rented garage component.

Key Highlights

  • 8,000‑square‑foot restaurant building with sit‑down dining and bar
  • Inventory and restaurant equipment included
  • 54x60 shop area used for storage

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Building Supply Auto Repair Shop Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

58
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 65% Home Improvements & Furnishings 35%
Marathon Petroleum Shops & Services
1,820 visits/mo 0.2 miles
Northome True Value Home Improvements & Furnishings
986 visits/mo 0.2 miles

Demographics for 56661, MN

880
Population
683
Households
1.3
Avg Household Size
55
Median Age
20%
College-Educated
96%
High-School Grad
371.4 sq mi
ZIP Area
2
Density / Sq Mi
$68,393
Median Household Income
$33,750
Median Earnings
$650
Median Rent
$185,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Includes restaurant equipment, inventory, a bar, and multiple accessory shop and garage areas.
Where is this conventional restaurant located?
The property is located at 12223 2nd Street Northome, MN.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 8,000‑square‑foot restaurant building with sit‑down dining and bar; Inventory and restaurant equipment included; 54x60 shop area used for storage
More about this property
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