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Lakeside Mixed-Use Property
For Sale
$1,199,000

2198 Highway 47, Ogilvie, MN 56358

Commercial Sale, Ogilvie, MN

Property SizeContact for details
Lot Size2.63 Acres
Days on Market146

Property Features for 2198 Highway 47

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial, Shoreline
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Basement, Bedroom 1, Bedroom 5, Bedroom 2
Parking features Garage - Detached, Driveway, Parking Lot
Window features Aluminum Frames, Window Coverings
Patio and Porch features Deck, Porch
Appliances Cooktop, Dishwasher, Disposal, Dryer, Water Heater - Electric, Exhaust Fan/Hood, Freezer, Fuel Tank - Rented, Indoor Grill, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Lot features Accessible Shoreline, Irregular Lot, Tree Coverage - Light
High school district Ogilvie
Directions Go north from Oglivie on Highway 47 about 7 miles. McBees is on the east side of the highway.
Standard status Active
APN 090014000
Lot size 2.63 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11944

Utilities

Sewer type Holding Tank
Heating system Forced Air
Cooling system Central Air
Water source Well
Water front features Lake
Water front 1

Amenities

six private docks
expansive decks

Building Details

Year built 1940
Building materials Frame
Roof type Shingle
Listing Agency: Real Estate Masters, Ltd.
Listed By: Rus Saboe
Added: May 18 Changed: Oct 8 Last Checked: Oct 10 at 5:06PM
MLS# 7073845

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines a restaurant and bar with two rental cabins and an attached two-bedroom home. The restaurant includes a main bar, multiple dining areas, a dance floor and decks on the south and east sides. One dining room opens toward the lake through French doors. The larger cabin has two bedrooms, a living room, kitchen and porch; the efficiency cabin includes a three-quarter bath and porch. The residence has a full kitchen, open living and dining area, two bedrooms and a wood-burning fireplace.

The 2.63-acre property has approximately 500 feet of shoreline on Ann Lake and six private docks. It is located on Highway 47 at 2198 Highway 47 in Ogilvie, Minnesota. Site features include a parking lot, driveway, detached garage, well water and a holding tank for sewer. The building was constructed in 1940 and has forced-air heat and central air.

Key Highlights

  • 2.63‑acre mixed‑use property with restaurant, bar, two rental cabins and attached two‑bedroom home
  • Approximately 500 feet of shoreline on Ann Lake
  • Six private docks

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Computer & Electronic Repair Tech Support Center Restaurant Bar & Pub

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
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 56358, MN

3,090
Population
1,357
Households
2.3
Avg Household Size
44
Median Age
11%
College-Educated
91%
High-School Grad
125.2 sq mi
ZIP Area
25
Density / Sq Mi
$78,125
Median Household Income
$40,864
Median Earnings
$1,214
Median Rent
$240,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Restaurant and bar space is paired with two rental cabins and an attached residence.
Where is this mixed-use property located?
The property is located at 2198 Highway 47 Ogilvie, MN.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2.63‑acre mixed‑use property with restaurant, bar, two rental cabins and attached two‑bedroom home; Approximately 500 feet of shoreline on Ann Lake; Six private docks
More about this property
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