12 Alder Rd, Babbitt, MN 55706-1123
This exceptional turn-key business opportunity in Babbitt, Minnesota, presents a rare chance to acquire a well-established restaurant and bar. The property boasts a substantial 7,694 square feet of space, perfectly suited for a variety of uses. Currently operating as "Fish Tales," the establishment enjoys a strong reputation within the community and offers a diverse range of services, including a full-service restaurant, bar, and extensive off-sale beer, wine, and liquor selection. The spacious layout is ideal for hosting large events, with a capacity to accommodate up to 300 guests, making it perfect for weddings, corporate functions, or other special occasions. An added benefit is a walk-in keg cooler, ensuring ample storage for a wide selection of beverages. The property sits on a generous 1.21-acre lot, providing ample space for outdoor seating or expansion. Its prime location in Northeastern Minnesota offers easy access to local amenities and attractions, including the nearby Babbitt's RV and Campground on Birch Lake. This is a unique opportunity to own a thriving business with significant growth potential in a desirable location. The sale includes all existing fixtures, equipment, and inventory, allowing for a seamless transition for the new owner. This is an exceptional opportunity for an experienced restaurateur or investor looking to capitalize on a well-established business in a vibrant community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.