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    116 Main Ave Bagley, MN 56621

    Sponsored
    For Sale
    $296,000

    7,049 SF Warehouse, Income Producing

    Property size:
    7,049 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 7,049-square-foot commercial warehouse property, located at 116 Main Avenue in Bagley, Minnesota (zip code 56621), is offered for sale at $296,000. The property is classified as industrial land and includes a warehouse building. Currently operating as a bowling alley ("The Bagley Bowl Inn"), this turnkey business offers significant potential for a new owner. All bowling equipment is included in the sale. Recent updates include modernized machinery, with planned resurfacing and restoration of the classic wood lanes scheduled for the fall. The property boasts a full liquor license and FSA certification, providing opportunities for expansion into additional revenue streams. The building's substantial size (over 7,000 square feet) presents a unique opportunity for an entrepreneur to revitalize this established community landmark and potentially develop a modern concept, such as a 1950s-themed cafe, a sports bar, or another creative venture. The property has a long history of serving the Bagley community and is currently income-producing. This is a rare chance to acquire a well-established business with significant upside potential in a prime location. The property is situated in Clearwater County.

    Property Features for 116 Main Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    7,049 SF

    HighLights

    • $296,000 asking price.
    • 7,049 square foot industrial building on land.
    • Located at 116 Main Avenue, Bagley, MN 56621.
    • Includes all bowling equipment.
    • Currently operating as a bowling alley with a full liquor license and FSA certification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bagley
    County
    Clearwater
    State
    Minnesota
    Longitude
    -95.3980633
    Latitude
    47.52351

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    Nearby Similar for Sale

    • $790,000
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    FAQs

    What type of property is this?
    Distribution property - 7,049 SF Warehouse, Income Producing
    Where is this distribution property located?
    The property is located at 116 Main Ave Bagley, MN.
    What is the asking price?
    The asking price for this property is $296,000.
    What are key features of this property?
    This property features: $296,000 asking price.; 7,049 square foot industrial building on land.; Located at 116 Main Avenue, Bagley, MN 56621.
    Request Owner's contact information
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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
    116 Main Ave Bagley, MN 56621
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