Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    406 9Th St Waseca, MN 56093

    Sponsored
    For Sale
    $699,000

    Turnkey Restaurant, Stunning Lake Views

    Property size:
    4,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional, established restaurant and bar, located at 406 9th St NE, Waseca, MN 56093, presents a unique investment opportunity. Boasting 4,564 square feet across two stories in a single building constructed in 1908 and completely remodeled in 2006, this property offers 130 feet of stunning lakeshore frontage. The 0.2-acre lot provides ample space, including outdoor seating that capitalizes on the picturesque lake views. The interior features a well-designed layout with ample seating, a full-service bar, and a commercial kitchen. Additional amenities include walk-in coolers and freezers located downstairs, and two bars – one upstairs and one downstairs. The property has a 185-person capacity and benefits from street parking. Currently operating at 100% occupancy with a five-year remaining lease term, this profitable business enjoys a loyal customer base and a strong reputation built over 17 years. The menu includes American cuisine, featuring steak, walleye, ribs, pastas, burgers, sandwiches, wraps, baskets, flatbreads, an outstanding salad bar, and Sunday breakfast. The asking price is $699,000, with a price per square foot of $153.16. The annual ground lease with the city is $2,300. The property's APN is 17.975.0400, 17.900.0040. This turnkey operation is ideal for restaurateurs seeking a profitable venture in a highly desirable location.

    Property Features for 406 9Th St

    General Information

    Property type
    Restaurants
    Square Feet
    4,564 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built/Renovated
    1908/2006
    Buildings
    1
    Stories
    2

    HighLights

    • Main floor boasts a commercial kitchen, two bars (one upstairs, one downstairs), and walk‑in coolers/freezer in the basement.
    • Completely renovated in 2006.
    • 185‑person capacity.
    • Street parking available.
    • 0.2‑acre lot with 130 feet of lake frontage.
    • Ground lease with the city: $2,300 annual rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waseca
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.494098074253
    Latitude
    44.079713689616

    Nearby Comparable

    • $675,000
      4,564 SF

      Turnkey Restaurant and Bar Opportunity

      Established restaurant and bar with loyal customer base and lake views.
      406 9Th St NE, Waseca, MN 56093
      View Details
    • $650,000
      1,616 SF

      Lake Aire Lodging: Waseca, MN

      Prime Waseca investment: Motel, home, lake views.
      1208 Elm Ave, Waseca, MN 56093
      View Details
    • $205,000
      4,796 SF

      Downtown Waseca Office Building

      Prime Office Space - For Sale or Lease
      111 State St, Waseca, MN 56093
      View Details
    • Contact for pricing

      3.8 Acre Pad Site Available

      Commercial land for sale or built-to-suit in Waseca, MN.
      15th 4Th St NE, Waseca, MN 56093
      View Details
    • $4,500,000
      43,693 SF

      Versatile Retail/Cultivation/Manufacturing Facility

      Adaptable space ideal for retail, cultivation, food manufacturing, and cold storage.
      1230 N State St, Waseca, MN 56093
      View Details
    • $240,000
      Pending

      Waseca Commercial Land For Sale

      Commercial land available in Waseca, Minnesota.
      14555 Us Highway 14, Waseca, MN 56093
      View Details
    • Contact for pricing
      3.80 Acres

      Northridge Plaza Development Land

      Prime 3.8-acre commercial land, Waseca, MN.
      0 17Th Ave, Waseca, MN 56093
      View Details
    • Contact for pricing
      4.22 Acres

      Waseca Industrial Facility Investment

      55,000 SF Industrial Building, MN
      1400 2Nd St, Waseca, MN 56093
      View Details
    • Contact for pricing
      1.11 Acres

      Waseca, MN Commercial Land - High Traffic

      Prime 1.1-acre commercial lot, high visibility location.
      2000 State St, Waseca, MN 56093
      View Details
    • $499,000
      40.00 Acres

      Morristown 40-Acre Land Parcel

      Remarkable 40-acre property with tillable acreage and wooded wilderness.
      260Th St W, Morristown, MN 55052
      View Details
    • $260,000
      Pending

      Sprague Lake 23.9-Acre Property

      23.9-acre property on Sprague Lake with endless opportunities.
      Tbd Kent Ave, Morristown, MN 55052
      View Details

    Nearby Similar for Sale

    • $675,000
      4,564 SF

      Turnkey Restaurant and Bar Opportunity

      Established restaurant and bar with loyal customer base and lake views.
      406 9Th St NE, Waseca, MN 56093
      View Details
    • $4,500,000
      43,693 SF

      Versatile Retail/Cultivation/Manufacturing Facility

      Adaptable space ideal for retail, cultivation, food manufacturing, and cold storage.
      1230 N State St, Waseca, MN 56093
      View Details
    • $205,000
      4,796 SF

      Downtown Waseca Office Building

      Prime Office Space - For Sale or Lease
      111 State St, Waseca, MN 56093
      View Details
    • $650,000
      1,616 SF

      Lake Aire Lodging: Waseca, MN

      Prime Waseca investment: Motel, home, lake views.
      1208 Elm Ave, Waseca, MN 56093
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Stunning Lake Views
    Where is this restaurant located?
    The property is located at 406 9Th St Waseca, 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: Main floor boasts a commercial kitchen, two bars (one upstairs, one downstairs), and walk-in coolers/freezer in the basement.; Completely renovated in 2006.; 185-person capacity.
    Request Owner's contact information
    406 9Th St Waseca, MN 56093
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    406 9Th St
    Waseca, MN 56093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    406 9Th St Waseca, MN 56093
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.