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    Property profile & analytics

    185 Main St Wahkon, MN 56386

    • Commercial real estate
    • 2,844 SF
    For Sale
    View listing
    $399,900
    Value Estimation
    Location Intelligence
    Property ID
    US46-1294156
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 185 Main St

    Year built
    1990
    Property size
    2,844 SF
    Property type
    Commercial real estate
    APN
    25-040-0950
    APU
    250400950

    Description

    This exceptional 2,784 square foot restaurant and bar is ideally situated on Main Street in Wahkon, Minnesota, a thriving hub within the bustling Mille Lacs Lake tourist region. The property boasts a prime 0.37-acre lot, offering high visibility and accessibility. The building itself is a historic brick structure, housing a beautifully designed interior featuring a large L-shaped bar, a spacious dining area, and a dedicated drink station. A stunning double-sided fireplace creates a warm and inviting atmosphere. The expansive stamped concrete patio provides ample outdoor seating, perfect for enjoying the vibrant lake area atmosphere. The modern kitchen is fully equipped with top-of-the-line appliances, including a large pizza oven, ample prep and cooling tables, a commercial dishwasher, and walk-in coolers. A newer, high-capacity air handler ensures optimal climate control. This turnkey operation presents a unique opportunity for an established restaurateur or a new entrepreneur looking to capitalize on the area's robust tourism. The property's combination of historic charm, modern amenities, and prime location makes it an exceptional investment opportunity. The building's size and layout offer significant potential for expansion or adaptation to suit various culinary concepts. This is a rare chance to acquire a well-established and highly profitable business in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wahkon
    County
    Mille Lacs
    State
    Minnesota
    Longitude
    -93.5215
    Latitude
    46.1189
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,952
    $28,400
    $73,800
    $102,200
    -
    $28,400
    $73,800
    $102,200

    Comparable in this City

    • Value Estimation by Request
      480 SF

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      $90,000
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      38654 55th Ave

      COMMERCIAL (GENERAL) • 4,160 SF
      38654 55th Ave, Wahkon, MN 56386
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    • Value Estimation
      $190,000
      1.04 Acres

      205 Main St

      COMMERCIAL (GENERAL) • 1.04 Acres
      205 Main St, Wahkon, MN 56386
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      105 Main St

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      105 Main St, Wahkon, MN 56386
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      407 Bennett St

      COMMERCIAL (GENERAL)
      407 Bennett St, Wahkon, MN 56386-2547
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      1.00 Acre

      40392 40th Ave

      COMMERCIAL (GENERAL) • 1.00 Acre
      40392 40th Ave, Wahkon, MN 56386
      View Details

    Similar Nearby for Sale

    • $399,900
      2,784 SF

      Wahkon Main Street Restaurant & Bar

      Turnkey Restaurant, Lakefront Tourist Area
      185 Main St, Wahkon, MN 56386
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      251+ Acre North Woods Property

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    Wahkon, MN 56386
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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
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