Current Use by Public Records
- Retail properties & Spaces
Property Details for 120 Main St
- Year built
- 1920
- Lot size
- 0.08 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Bars & Pubs
Description
This exceptional turnkey opportunity presents a thriving restaurant and bar located at 120 N Main St, Elgin, ND 58533. Spanning 3,059 square feet on a 0.075-acre lot, this 1920-built establishment is priced at $125,000 ($42.50/sq ft). The property boasts a well-defined layout, including a front bar area with seating and gaming, a rear space currently utilized for pool tables, dart boards, and a stage, an office with laundry hookups and a shower, restrooms, an inventory area, and a basement for ample storage. Recent upgrades include a new exterior electrical system (2020), a rebuilt cooler (2017), a new roof (2018), updated flooring (2021), and added insulation (2023). The property includes all furniture, fixtures, and equipment. An adjoining vacant lot is available for purchase from the city of Elgin, offering potential for expansion or outdoor space. The seller is open to a contract for deed. A lease option is also available at $2,000/month plus utilities. Elgin's strategic location in a popular pheasant hunting area, near Lake Tschida, and on a well-traveled route for motorcyclists and car clubs, ensures consistent foot traffic. The city also hosts numerous annual events, further boosting business potential. The building features central air cooling, forced air and oil heating, carpet and vinyl flooring, and public water and sewer connections. Included are ceiling fans and window treatments. The property has city street road frontage and is on a lot the owner owns.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Grant
- State
- North Dakota
- Longitude
- -101.845
- Latitude
- 46.4029
