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Updated Mixed-Use Property with Apartments
New
For Sale
$250,000

945 Gary St, Calumet, MN 55716

Bar operation with food-service infrastructure, two studio units, and flexible space for events and seating arrangements.

Property Size6,964 SF
Price / SF$35.90
Days on Market7

Property Features for 945 Gary St

General Information

Standard status Active
Size 6,964 SF

Additional Details

Commercial Hood No

Building Details

Year Built 1940
Listing Agency: Real Estate Corners, Inc
Listed By: Khalid Mansour
Source: Tayloronken
Added: Sep 18 Last Checked: Sep 22 at 7:39PM

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 Real Estate Corners, Inc

Investment Insights

Based on property information with market context.

This 6,964-square-foot mixed-use property combines an updated bar operation with two studio apartments in the basement. The commercial area supports on-sale and off-sale beverage service, handmade pizzas, pull-tabs, and e-tabs. Food-service improvements include a category 2 food license, approved kitchen walls and flooring, a hand-wash sink, and a pizza and sandwich preparation cooler.

The property also includes space for events, tournaments, varied seating layouts, storage, office use, and washer and dryer hookups. The basement studio units provide additional residential functionality within the building. Located at 945 Gary St in Calumet, Minnesota, the property was built in 1940 and has been recently updated.

Key Highlights

  • 6,964‑square‑foot mixed‑use property with an updated bar operation
  • Two studio apartments located in the basement
  • Category 2 food license with approved kitchen walls and flooring

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Storage Facility Auto Repair Shop Tattoo & Piercing Shop Wine and Liquor Store Bar & Pub Shopping Center & Mall

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

Location Intelligence

Trade Area within ½ mile

27
Businesses Nearby

Demographics for 55716, MN

334
Population
150
Households
2.2
Avg Household Size
41
Median Age
9%
College-Educated
89%
High-School Grad
1.3 sq mi
ZIP Area
257
Density / Sq Mi
$40,833
Median Household Income
$22,917
Median Earnings
$645
Median Rent
$102,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Bar operation with food-service infrastructure, two studio units, and flexible space for events and seating arrangements.
Where is this mixed-use property located?
The property is located at 945 Gary St Calumet, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 6,964‑square‑foot mixed‑use property with an updated bar operation; Two studio apartments located in the basement; Category 2 food license with approved kitchen walls and flooring
More about this property
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