Property summary
This exceptional commercial property, located at 12168 County 15 Road in Northome, Minnesota, presents a unique investment opportunity. The asking price is $199,900 for this 7-acre parcel encompassing a thriving restaurant and supper club. Built in 1976, the establishment boasts a substantial 304,920 square foot lot, providing ample space for the existing business and potential expansion. The property includes a convenient outdoor gazebo with seating, adding to its appeal. Several campsites are also situated on the land, offering additional revenue streams or recreational opportunities. Strategically located on US Highway 71, this business enjoys high visibility and benefits from its position as the last food service establishment before the Canadian border, attracting a loyal local clientele and tourists alike. The property's reputation for excellent food ensures a consistent customer base. This turnkey operation is ready for a new owner to step in and continue its success. The property is zoned for commercial and restaurant use. This is a rare opportunity to acquire a well-established business with significant land holdings in a desirable location. The property's size and location offer considerable potential for future growth and development. All aspects of the business are in good standing.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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