For Sale: Calumet MLS# 6513661
Active
$250,000
Commercial: Business Opportunity
Built 1940
0.14 acres
Greenway schools
MLS# 6513661
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Property Description
Bar on double lot with On-Sale, Off-Sale, Pizzas, Pull tabs, Etabs. Newly remodeled, turnkey business. Fully staffed, excellent cash flow. Banquet room on one half with stage that can be rented for weddings and other special events. Full basement that can be used for personal or rental storage. Contract for Deed available. Tuck pointing & brick repair in Sept 2023, New roof Oct 2023, Updated entire interior of building June 2023, New cooler June 2023, New TV's June 2023, New fixtures in both bathrooms, updated electrical & plumbing, new furnace October 2023.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$250,000
Property Type:
Commercial
City:
Calumet
Garage Spaces:
1
County:
Itasca
Year Built:
1940
State:
MN
Property Style:
Business Opportunity
Zip Code:
55716
Subdivision Name:
Calumet
Interior
Ceiling Height:
11-15
Refrigerators:
One
Appliances Included:
- Electric Water Heater
- Freezer
- Microwave
- Refrigerator
Basement Details:
- Block
- Full
- Storage Space
Exterior
Stories:
One
Garage Spaces:
1
Other Parking Spaces:
20
Air Conditioning:
Window Unit(s)
Foundation Size:
3,482 ft2
Handicap Accessible:
Fully Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- On-Street Parking Only
- Open
- Tuckunder Garage
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Log Siding
Roof Details:
- Age 8 Years or Less
- Flat
- Rubber
Lot & Land
Acres:
0.14
Geolocation:
47.323209, -93.277504
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Land
Lot Dimensions:
130 x 125
Addl Parcels:
874100840
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
High Ground
Schools
School District:
316
District Phone:
218-247-7306
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$6,456
Annual Fuel Expense:
$3,000
Annual Insurance Expense:
$1,462
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$95,760
Annual Trash Expense:
$2,400
Annual Water/Sewer Expense:
$960
Tenant Expenses:
All Utilities, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$2,156
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,156
Income
Annual Gross Income:
$228,036
Rent
Annual Net Income:
$132,276
Units
Total Units:
1
Miscellaneous
Current Use:
- Bar/Tavern
- Event Space
- Food Service
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.