Property profile

185 Main St Wahkon, MN 56386

OFF-MARKET
Commercial real estate
Property ID
US46-1294156
2,844 SF Built 1990
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Total area 2,844 SF
APN 25-040-0950
UPID US46-1294156

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

185 Main St Wahkon, MN 56386-4404
Wahkon metro Census 970100 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2026
6 recorded transactions
2026
$250,000
2012
$170,000
2007
$145,000
2005
$12,000
2005
Price N/A
2005
$145,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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