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    19 Main St Tioga, ND 58852

    For Sale
    $289,900

    Historic Tioga Bar with Rental Income

    Property size:
    4,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional opportunity presents the Model Tavern, a well-established bar located at 19 Main St N, Tioga, ND 58852. This turnkey business, boasting 70 years of family ownership, offers a unique blend of commercial and residential income streams. The main bar occupies 3,000 square feet of the 4,190 total square foot building, situated on a prime Main Street location. The sale includes the real estate, all furniture, fixtures, and equipment, along with existing inventory. Adding to the profitability, three apartments generate rental income: one 1-bedroom, 1-bathroom unit rents for $650, and a 2-bedroom, 1-bathroom unit also rents for $650. Additional upstairs space includes two separate rooms and a studio with kitchenette, offering further rental potential. The building, constructed in 1915, features newer siding, gutters, furnaces, and central air units. The property is zoned C and includes an inviting outdoor patio, perfect for events. The business also benefits from income generated by gaming machines. Financial details are available upon request with a signed NDA. The current main bartender, a long-term employee with extensive business knowledge, is interested in continuing her employment. The business currently employs three people. This is a rare chance to acquire a profitable, established business with significant upside potential in a desirable location. The asking price is $289,900, with a price per square foot of $69.19. The building is three stories with one building.

    Property Features for 19 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    4,190 SF

    Building Details

    Year Built
    1915
    Buildings
    1
    Stories
    3

    HighLights

    • Financials available upon request with signed NDA.
    • Experienced bartender, employed for many years, willing to stay on. Three total employees.
    • Main floor apartment: 1 bed, 1 bath, laundry, $650/month.
    • Upper floor apartment: 2 bed, 1 bath, laundry, $650/month.
    • Upper floor also features two separate rooms and a studio with kitchenette, sharing a 3/4 bath (currently vacant).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Hair Salon Wholesale Shop Pharmacy Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tioga
    County
    Williams
    State
    North Dakota
    Longitude
    -102.9386424
    Latitude
    48.39577

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    FAQs

    What type of property is this?
    Restaurant - Historic Tioga Bar with Rental Income
    Where is this restaurant located?
    The property is located at 19 Main St Tioga, ND.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Financials available upon request with signed NDA.; Experienced bartender, employed for many years, willing to stay on. Three total employees.; Main floor apartment: 1 bed, 1 bath, laundry, $650/month.
    Request Owner's contact information
    19 Main St Tioga, ND 58852
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    Tioga, ND 58852
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    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
    19 Main St Tioga, ND 58852
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