For Sale: White Bear Twp MLS# 6672956
1 / 15
Active
$195,000
Commercial: Other
Built 2000
2.98 acres
White Bear Lake schools
MLS# 6672956
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Property Description
Sale is for the restaurant business, no real estate. Profitable and well-established Asian restaurant in high-traffic location serving the White Bear Lake area. Spacious dining area with seating for up to 120 guests. There are 10 booths and 7 tables, plus additional patio seating. Cozy fireplace enhances the ambiance. Large full bar with space for up to 3 bartenders. Open kitchen equipped with two walk-in coolers and two freezers, grill top, ice machine and two washer stations. Perfect for wedding parties, banquets, and private events. This is an excellent opportunity for new or expanding restaurant owners looking for a thriving business in a prime location. Don�??t miss out on this chance to take over a successful and fully operational restaurant. Inquire today for more details.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$195,000
Property Type:
Commercial
City:
White Bear Twp
Garage Spaces:
0
County:
Ramsey
Year Built:
2000
State:
MN
Property Style:
Other
Zip Code:
55127
Subdivision Name:
The Meadowlands Of, White Bear
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
3,600 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- More Parking Onsite for Fee
- Unassigned
Unit Amenities:
Local Area Network
Road Frontage:
City Street
Exterior Material:
Stucco
Lot & Land
Acres:
2.98
Geolocation:
45.080646, -93.06003
Inclusions:
Business, Fixture/Equipment, Leases
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Schools
School District:
624
District Phone:
651-407-7500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$6,000
Annual Fuel Expense:
$3,600
Annual Insurance Expense:
$6,468
Annual Gross Expense:
$289,465
Annual Trash Expense:
None
Tenant Expenses:
Electricity, Gas, Insurance, Repairs, Sewer, Taxes
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$14,845
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,845
Income
Annual Gross Income:
$568,311
Rent
Annual Net Income:
$88,784
Units
Total Units:
1
Unit Number:
8
Miscellaneous
Current Use:
- Bar/Tavern
- Food Service
- Restaurant
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
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.