406 9Th St Waseca, MN 56093
- Retail properties
- 4,564 SF
- 0.20 lot acres
Current Use by Public Records
- Retail properties
Property Details for 406 9Th St
- Year built
- 1908
- Lot size
- 0.20 lot acres
- Property size
- 4,564 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waseca
- County
- Waseca
- State
- Minnesota
- Longitude
- -93.4941
- Latitude
- 44.0797
