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    OFF-MARKET
    Individual retail properties

    510 Main St, Ormsby, MN 56162-2000

    1,813 SF 0.14 ac lot Built 1903
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-1495912
    Property summary
    AI-generated overview

    This thriving bar and restaurant, Orv's Food and Spirits LLC, is a turnkey opportunity located on Main Street in Ormsby, Minnesota. The 1,813 square foot establishment boasts a historically significant, beautifully preserved Brunswick bar (original, dating back to 1929 and imported from Germany). The property includes a fully equipped kitchen with recently updated appliances and equipment, ready for immediate operation. Recent upgrades (2023-2024) include a new walk-in cooler, refrigerator/freezer combination, freezer, prep table, char broiler, repaired stainless freezer and salad prep table, a new ice machine (awaiting installation), new dishes and glassware, numerous kitchen utensils, two rebuilt front windows, a new back door, fresh paint throughout the dining room, bathrooms, and hallway, and new bar stools. Some equipment is leased (pop coolers and dishwasher). Inventory is included in the sale price of $195,000. Potential buyers must provide proof of funding before scheduling a showing. This is a rare chance to own a well-established business with significant recent improvements and a rich history. Don't miss this opportunity to own a piece of Ormsby's Main Street!

    Property profile
    Verified
    Property type Individual retail properties
    Use group LIQUOR STORE
    Year built 1903
    Construction WOOD
    Total area 1,813 SF
    Lot 0.14 ac (6,229 SF)
    APN 19.100.1770
    UPID US46-1495912
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Orv's Food & Spirits Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    ORVS FOOD & SPIRITS LLC
    ORVS FOOD & SPIRITS LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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