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Restaurant with Event Center
For Sale
$699,000

31075 State Hwy 34, Akeley, MN 56433

Commercial Sale, Akeley, MN

Property SizeContact for details
Days on Market508

Property Features for 31075 State Hwy 34

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Business/Commercial
Parking features Garage - Attached
Accessibility Accessible Approach with Ramp
High school district Walker-Hackensack-Akeley
Directions From Akeley Highway 64 and Highway 34 head East on Highway 34 to property on right.
Standard status Active
APN 012201520

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6299

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1986
Building materials Concrete, Frame, Steel
Listing Agency: Wolff & Simon Real Estate
Listed By: Brian Halik · License #40527985
Added: May 16, 2025 Changed: Oct 1 Last Checked: Oct 5 at 6:06PM
MLS# 6722940

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.

Red River Bar and Grill is a restaurant property with an event center, an off-sale liquor store, and a beer cave. The business includes an on-sale liquor license. Built in 1986, the building has concrete, frame, and steel construction, forced-air heat, and central air conditioning. An attached garage and an accessible approach with a ramp are also part of the property.

The property is on State Highway 34 in Akeley, Minnesota, across from the Heartland Trail. Paul Bunyan State Forest and area fishing lakes are also noted in the surrounding context.

Key Highlights

  • Restaurant property with event center
  • Off‑sale liquor store and beer cave
  • On‑sale liquor license

Property Analytics

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Current Use

Conventional restaurants

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

19
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Cenex Shops & Services
7,046 visits/mo 0.4 miles

Demographics for 56433, MN

1,800
Population
1,365
Households
1.3
Avg Household Size
52
Median Age
28%
College-Educated
94%
High-School Grad
110.2 sq mi
ZIP Area
16
Density / Sq Mi
$57,792
Median Household Income
$37,192
Median Earnings
$987
Median Rent
$226,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - The operation also includes an off-sale liquor store, a beer cave, and an on-sale liquor license.
Where is this conventional restaurant located?
The property is located at 31075 State Hwy 34 Akeley, MN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Restaurant property with event center; Off‑sale liquor store and beer cave; On‑sale liquor license
More about this property
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