Property profile

49463 202Nd Pl McGregor, MN 55760

OFF-MARKET
Commercial real estate
Property ID
US46-2548664
8,227 SF 1.65 ac lot Built 1954
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1954
Total area 8,227 SF
Lot 1.65 ac (71,874 SF)
UPID US46-2548664

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub

Location

49463 202Nd Pl McGregor, MN 55760
McGregor metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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