48220 Reserve Trl, Bemidji, MN 56601-5875
This exceptional 3,664 square foot bar and restaurant, situated on a sprawling 9-acre lot in Hubbard County, just outside Bemidji, Minnesota, presents a unique investment opportunity. A beloved community fixture for years, this property seamlessly blends classic charm with modern functionality. Recent upgrades significantly enhance its operational efficiency and appeal. These improvements include a brand new septic system, a state-of-the-art ice machine, and newly installed condensers for the freezer, roll-top cooler, and salad bar. A new water heater further contributes to the property's updated infrastructure. The property boasts a fully equipped commercial kitchen, ready to handle high-volume service. A large bar and dining area provide ample space for patrons, complemented by an inviting outdoor bar and a spacious patio, ideal for enjoying the beautiful Minnesota landscape. A highlight is the impressive pavilion featuring a screened area, perfect for hosting events and gatherings in a relaxed, outdoor setting. The property's location near trails and lakes offers additional recreational opportunities and enhances its overall desirability. This turnkey operation is offered at $419,900 and represents a rare chance to acquire an established and thriving business with significant growth potential.
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.