Pending
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Pending

$1,199,000

5 Beds 3 Baths 5,400 SQFT 2.63 Acres
Type: Pending

2198 Highway 47
Ogilvie, MN 56358

MLS#: 7073845
Sue Marty
Sue Marty
The Real Estate Advantage
Phone: 612.419.8686
Office: 651.272.4688
Presented by: Real Estate Masters, Ltd.

Property Description

 

Set along the shores of Ann Lake in Kanabec County, McBees Restaurant & Bar offers an exceptional chance to own a well-established lakeside destination with multiple revenue streams and a loyal customer base. Ideally positioned just north of Ogilvie, MN on Highway 47, the property sits at the gateway to the scenic lake country of northern Minnesota - an area known for its natural beauty, recreation, and year-round tourism. The property enjoys approximately 500 feet of shoreline on Ann Lake, a nearly 700-acre recreational lake celebrated for excellent fishing and boating. Six private docks accommodate customers and provide seasonal rental opportunities, enhancing both convenience and income potential. Inside, McBees offers a warm spacious environment designed to serve everything from casual drop-ins to large gatherings. The main bar features wrap-around seating, high-top tables, and a row of booths ideal for families or quieter diners. A dedicated dining area at one end of the restaurant includes ample table seating and a dance floor, frequently used for special events, music, and popular springtime line-dancing lessons. Through double French doors, a separate east-facing dining room provides sweeping lake views and a bright, relaxed atmosphere - an inviting setting for breakfast, lunch or dinner with a waterfront backdrop. Expansive decks on both the south and east sides of the building offer high-top seating with unobstructed views of the hillside, shoreline, and wide-open water. These outdoor spaces are a major draw during warm months, creating a vibrant, social lakeside experience. A freshly resurfaced parking lot ensures ample parking capacity for busy evenings, weekends, and event nights. McBees has long been known for serving great food at reasonable prices, offering a menu that blends classic favorites with creative specials. Drinks are served icy cold, cocktails are generously poured, and the staff - both in the kitchen and on the floor -are recognized for their prompt, friendly service. The business enjoys strong financials and a loyal following from locals, cabin owners, and seasonal visitors. Included in the sale are two rental cabins and an attached two-bedroom home, expanding the property's versatility and revenue potential. + Larger Cabin: Two bedrooms (one with a queen bed one with four double beds), a spacious living room, full kitchen, and a welcoming porch overlooking the lake. Ideal for groups. + Efficiency Cabin: A compact rental with a 3/4 bath, small porch and great lake views - perfect for weekenders or solo travelers. + Attached Home: A charming two-bedroom residence with split-log interior, pine cabinetry, hardwood floors, abundant storage, skylights ad a warm rustic character. The layout includes a main-floor bedroom, large attic bedroom, full kitchen and open living/dining area. The wood-burning river-rock fireplace is a masterpiece. Both cabins feature a generous yard for campfires, gatherings and lakeside relaxation. With its established reputation, prime lakeshore setting, multiple income streams and inviting atmosphere, McBees represents a rare opportunity for the next owner to step into a thriving business - or expand it even further. Whether continuing its legacy or reimagining the property for new ventures, this lakeside landmark offers a compelling blend of lifestyle, location and long-term promise.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

BasementBlock
Basement (Y/N)Yes
Foundation Dimensions90x60
FuelPropane
Garage Dimensions20 x 24
Garage Door Width7 sqft
Garage Square Feet480
Waterfront Feet500

General

AccessibilityDoors 36 +, No Stairs Internal
Additional Parcels Y/NNo
Amenities UnitDeck, Dock, Boat Slip
AppliancesCooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Fuel Tank - Rented, Indoor Grill, Microwave, Other, Range, Refrigerator, Stainless Steel Appliances, Washer
CityOgilvie
Construction MaterialsFrame
ContingencyNone
CoolingCentral Air
CountyKanabec
Current UseRestaurant
DirectionsGo north from Oglivie on Highway 47 about 7 miles. McBees is on the east side of the highway.
Electric Expense14100
Fuel Expense16400
Garage Spaces1
Gross Income940000
HeatingForced Air
High School DistrictOgilvie
Insurance Expense12600
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
MaintenanceExpense4000
Net Operating Income128716
New ConstructionNo
Number Of Units Total3
Operating Expense811284
OwnerPaysAll Utilities, Electricity, Grounds Care, Heat, Hot Water, HVAC Maintenance, Insurance, Management, Parking Fee, Repairs, Sewer, Snow Removal, Taxes
Pool FeaturesNone
Possible UseLounge/Bar
PostalCityOgilvie
Property TypeCommercial Sale
RoofAge Over 8 Years, Asphalt, Pitched
SewerHolding Tank
Standard StatusPending
Tax Annual Amount$11,944
Tax Year2025
TopographySloped
Trash Expense3000
UtilitiesElectric Common
ViewEast, Lake, Panoramic
Water Sewer Expense8200
Waterfront FeaturesDock, Lake Front, Lake View
Year Built1940
Zoning DescriptionBusiness/Commercial, Shoreline

Exterior

Building Area Total5,400 sqft
FencingNone
Foundation Area5,400 sqft
InclusionsBuilding, Fixture/Equipment, Inventory, Land
Lot Dimensions500x157x456x335
Lot FeaturesAccessible Shoreline, Irregular Lot, Tree Coverage - Light
Lot Size Area2 sqft
Parking FeaturesDetached Garage, Gravel, Parking Lot, More Parking Onsite for Fee
Road Frontage TypeState Road, Highway
Road ResponsibilityPublic Maintained Road
Water SourceDrilled, Well
Waterfront Y/NYes

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$1,199,000

5 Beds 3 Baths 5,400 SQFT 2.63 Acres
Type: Pending

2198 Highway 47
Ogilvie, MN 56358

MLS#: 7073845
Sue Marty
Sue Marty
The Real Estate Advantage
Phone: 612.419.8686
Office: 651.272.4688