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    Babbitt, MN
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    Babbitt, MN Restaurants for Sale

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    Embarrass, MN Isabella, MN Ely, MN Soudan, MN Tower, MN Hoyt Lakes, MN Aurora, MN Brimson, MN
    Bar and Grill with Gas Fireplace
    Updated: Jul 2
    Bar and Grill with Gas Fireplace

    2667 HWY 70, Babbitt, MN 55731

    $199,000
    Gas fieldstone fireplace in the large dining room
    Outdoor seating and deck area for seasonal guest traffic
    3.22 acres with City Utilities
    Center bar with seating around a horseshoe‑shaped bar plus three flat‑screen TVs
    Equipped kitchen includes coolers, walk‑ins, freezers, flat top, two fryers, broaster, ovens, hoods, and soup warmers
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Babbitt, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Family Restaurant
    Turn-Key Family Restaurant

    114 N Main Street, Aurora, MN 55705

    $425,000
    2,250 sqft

    Turn-key restaurant includes main dining space and a basement with a walk-in cooler and freezer for storage.

    View details
    Turnkey Restaurant and Apartments
    Turnkey Restaurant and Apartments

    216 E Sheridan St, Ely, MN 55731

    $390,000
    6,800 sqft

    Purchase a fully equipped restaurant space with four apartments above, totaling about 6,800 square feet.

    View details
    Restaurant with Main Floor and Basement
    Restaurant with Main Floor and Basement

    114 N Main St, Aurora, MN 55705

    $425,000

    Restaurant with 2,250 SF main floor and 1,500 SF basement featuring a walk-in cooler and freezer, zoned C-1.

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    Mixed-Use Building in Downtown Ely
    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    Contact for pricing
    8,078 sqft 0.14 AC lot

    Two-story building with restaurant and four apartments in Ely.

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    Babbitt, MN Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Babbitt, MN on our real estate platform.

    Sale prices for restaurant properties in Babbitt, MN average $199,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

    Population 1,827
    Population Growth (5Y) +13.3%
    Median Household Income $60,096
    College Educated 30.1%

    High-Yield Neighborhoods for Investment

    Identify Babbitt submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Ely - 55731 $199K

    Taxes & Financing

    Tax Rate (average for all types) 2.18%
    Property Tax per SF $44.35 per SF
    Tax Rate vs County Average 0.41 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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