19 Main St Tioga, ND 58852

Property Details for 19 Main St

Property type

Commercial real estate

APN

03-000-00-03-04-055

APU

3000000304055

Description

This exceptional opportunity presents the Model Tavern, a well-established bar located at 19 Main St N, Tioga, ND 58852. This turnkey business, boasting 70 years of family ownership, offers a unique blend of commercial and residential income streams. The main bar occupies 3,000 square feet of the 4,190 total square foot building, situated on a prime Main Street location. The sale includes the real estate, all furniture, fixtures, and equipment, along with existing inventory. Adding to the profitability, three apartments generate rental income: one 1-bedroom, 1-bathroom unit rents for $650, and a 2-bedroom, 1-bathroom unit also rents for $650. Additional upstairs space includes two separate rooms and a studio with kitchenette, offering further rental potential. The building, constructed in 1915, features newer siding, gutters, furnaces, and central air units. The property is zoned C and includes an inviting outdoor patio, perfect for events. The business also benefits from income generated by gaming machines. Financial details are available upon request with a signed NDA. The current main bartender, a long-term employee with extensive business knowledge, is interested in continuing her employment. The business currently employs three people. This is a rare chance to acquire a profitable, established business with significant upside potential in a desirable location. The asking price is $289,900, with a price per square foot of $69.19. The building is three stories with one building.

Location Insight

City

Tioga

County

Williams

State

North Dakota

Longitude

-102.938

Latitude

48.3958

CBSA code

48780

CBSA name

WILLISTON, ND MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments