18081 169th Ave, Park Rapids, MN 56470-2086
This 5,790 square foot industrial property in Park Rapids, MN (56470), located at 18081 169th Avenue, presents a unique investment opportunity. Currently configured as a restaurant and bar (Silver Star Saloon & Eatery), the property boasts 76 restaurant seats, 25 bar seats, and a 34-seat outdoor patio complete with a volleyball court. All fixtures and equipment are included in the sale price of $575,000. The interior features a cozy Northwoods rustic ambiance, a fireplace, and a salad bar station. Recent renovations include a remodeled entryway, new flooring in the entry and bar area, a new bar, and updated tables, chairs, and light fixtures. The outdoor patio has been expanded with a new cement slab and fencing. An additional 326 x 73 foot building (former radiator shop) is also included, with existing plans for conversion into an event center. This building also contains partially finished living quarters. The property offers ample parking and benefits from highway visibility with power available on Hwy 34, allowing for potential business signage. This property offers significant potential for the right buyer to capitalize on its existing features and expand its operations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.