Restaurants

Babbitt, MN Restaurants for Sale

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Embarrass, MN Isabella, MN Ely, MN Soudan, MN Tower, MN Hoyt Lakes, MN Aurora, MN Biwabik, MN
Bar and Grill with Outdoor Seating
Updated: Jul 11
Bar and Grill with Outdoor Seating

2667 HWY 70, Babbitt, MN 55731

$189,000
3.22‑acre bar and grill property with City Utilities
Outdoor seating and deck area
Dining room with gas fieldstone fireplace
Horseshoe‑shaped bar with 3 flat‑screen TVs
Commercial kitchen with walk‑ins, fryers, ovens, hoods, and prep areas
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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.

Coffee Shop and Roasting Operation
Coffee Shop and Roasting Operation

2 W Sheridan St, Ely, MN 55731

$979,000
4,350 sqft 0.07 AC lot

Established coffee and wine business with roasting, bakery, kitchen, coworking, and event components across two Sheridan Street locations.

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Mixed-Use Building with Attached Garage
Mixed-Use Building with Attached Garage

602 Main St, Tower, MN 55790

$290,000
4,460 sqft

Multi-level commercial property with leased ground-floor bar and liquor store space, city offices, storage, and additional parking land.

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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.

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Mixed-Use Property with Attached Garage
Mixed-Use Property with Attached Garage

602 Main Street, Tower, MN 55790

$290,000

Three-level commercial building with leased bar and liquor store space, city offices, basement storage, and supplemental parking.

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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 $189,000 — 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
Commercial kitchens 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 $189K

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)

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