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    49463 202Nd Pl McGregor, MN 55760
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    49463 202Nd Pl McGregor, MN 55760

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    • Commercial real estate
    • 8,227 SF
    • 1.65 lot acres
    For Sale
    $299,000
    View Listing →
    McGregor Bar & Grill Business For Sale
    $299,000
    8,227 SF

    McGregor Bar & Grill Business

    Turnkey Bar & Grill, Hwy 65 Location

    Jevne, MN 55760
    View Listing
    Property ID
    US46-2548664
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 49463 202Nd Pl

    Year built
    1954
    Lot size
    1.65 lot acres
    Property size
    8,227 SF
    Property type
    Commercial real estate

    Description

    This exceptional business opportunity presents the chance to own the established Red Rock Bar & Grill. The sale includes the thriving business, a substantial 8,277 square foot building situated on a 1.65-acre lot, providing ample space and potential for expansion. The property boasts both on and off-sale liquor licenses, ensuring a seamless transition for the new owner. All furnishings, equipment, and inventory are included in the sale price of $299,000, making this a truly turnkey operation. The building itself is a striking structure featuring a charming log interior, complemented by two fully equipped bars, a large seating and dining area perfect for accommodating numerous patrons, and a spacious full kitchen complete with two walk-in coolers and freezers. Further enhancing its versatility, the property includes a sizable event/banquet hall, ideal for hosting private parties, weddings, and other special occasions. A dedicated game room adds to the entertainment options, while upstairs living quarters offer convenient on-site accommodation. Strategically located off Highway 65, the Red Rock Bar & Grill enjoys excellent visibility and accessibility, placing it just minutes from popular ATV/snowmobile trails, the picturesque Big Sandy Lake, and the vibrant city of McGregor. This year-round establishment presents a unique opportunity for a savvy investor seeking a profitable and well-established business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McGregor
    County
    Aitkin
    State
    Minnesota
    Longitude
    -93.28169
    Latitude
    46.73132

    Comparable in this City

    • $269,900

      Specialty Property in McGregor, MN

      Specialty property available for sale in McGregor, Minnesota.
      49463 202Nd Pl, McGregor, MN 55760
      View Details
    • $169,900
      5.40 Acres

      Lakefront Land on Lake Minnewawa

      Over 5 acres of undeveloped land on Lake Minnewawa.
      Tbd Goshawk St, McGregor, MN 55760
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    • Contact for pricing
      Pending

      Wooded Lots Near Lake Minnewawa

      Two wooded lots, ideal for storage building near Lake.
      184th 184Th St, McGregor, MN 55760
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    • $169,900
      80.00 Acres

      80 Acres Up North Oasis

      Secluded 80-acre property with mature forest and open clearings.
      370Th Ln, McGregor, MN 55760
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    • $99,900
      40.00 Acres

      40 Acres Hunting Land in Fleming

      Secluded 40-acre hunting land with abundant wildlife near Soo Line Trail.
      450Th St, McGregor, MN 55760
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    • $450,000
      2.16 Acres

      Big Sandy River Lake Lot

      2.16-acre lot with 328' shoreline on Big Sandy River Lake.
      1 216Th Pl, McGregor, MN 55760
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Wooded Lots Near Lake Minnewawa

      Two wooded lots, ideal for storage building near Lake.
      184th 184Th St, McGregor, MN 55760
      View Details
    • $269,900

      Specialty Property in McGregor, MN

      Specialty property available for sale in McGregor, Minnesota.
      49463 202Nd Pl, McGregor, MN 55760
      View Details
    • $169,900
      5.40 Acres

      Lakefront Land on Lake Minnewawa

      Over 5 acres of undeveloped land on Lake Minnewawa.
      Tbd Goshawk St, McGregor, MN 55760
      View Details
    • $169,900
      80.00 Acres

      80 Acres Up North Oasis

      Secluded 80-acre property with mature forest and open clearings.
      370Th Ln, McGregor, MN 55760
      View Details
    • $99,900
      40.00 Acres

      40 Acres Hunting Land in Fleming

      Secluded 40-acre hunting land with abundant wildlife near Soo Line Trail.
      450Th St, McGregor, MN 55760
      View Details
    • $450,000
      2.16 Acres

      Big Sandy River Lake Lot

      2.16-acre lot with 328' shoreline on Big Sandy River Lake.
      1 216Th Pl, McGregor, MN 55760
      View Details
    View Listing
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    McGregor, MN 55760
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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