320 3rd S St, Winsted, MN 55395-7759
- Commercial real estate
- 15,413 SF
Current Use by Public Records
- Blue Note Restaurant / Restaurant
Property Details for 320 3rd S St
- Year built
- 1900
- Property type
- Commercial real estate
- APN
- 21.011.0100
- APU
- 210110100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 23, 2022 | $530,000 | J & N Real Estate Holdings LLC | C & C Brothers LLC | Warranty Deed | — |
| May 21, 2012 | — | C & C Brothers, LLC | Robert Bayerl | Warranty Deed | — |
Description
This exceptional turnkey opportunity encompasses a thriving restaurant, bar, event center, and liquor store, all situated on a 1.33-acre lot in Winsted, Minnesota. The 15,880-square-foot building, constructed in 1955, offers ample space for diverse operations. The current business boasts a varied menu including sandwiches, wraps, soups, salads, burgers, baskets, and steak, pasta, and walleye entrees. Existing licenses include on- and off-sale liquor permits, gaming, food service, and catering capabilities. The property enjoys a prime location just blocks from Winsted Lake and a convenient one-hour drive west of the Twin Cities. Operating hours are 10 am to 10 pm Monday through Thursday, 10 am to 1 am Friday and Saturday, and 11 am to 10 pm on Sunday. This established business presents a unique chance to continue successful operations, expand event offerings, and introduce innovative menu items. The asking price is $750,000, and a contract for deed may be considered for qualified buyers. This is an owner/user investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $495,000
- ML approach
- $510,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $644,000
- AI Estimate
- $546,000
Market price range: $633k - $1.71MMarket price range: $527k - $1.54M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Winsted
- County
- Mcleod
- State
- Minnesota
- Longitude
- -94.0502
- Latitude
- 44.9609
- CBSA code
- 26780
- CBSA name
- HUTCHINSON, MN MICROPOLITAN STATISTICAL AREA
