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$250,000

0 Beds 0 Baths 6,964 SQFT 0.14 Acres
Type: Commercial

945 Gary Street
Calumet, MN 55716

MLS#: 7143989
Kieran Houlahan
Kieran Houlahan
The Real Estate Advantage
Licensed in MN & WI
Phone: 612.323.7420
Office: 763.755.1100
Presented by: Real Estate Corners, Inc

Property Description

 

Recently updated bar with 2 studio apartments! This turn-key property is ready to start generating income today and offers a great opportunity with income and room to grow. The bar sells on-sale, off-sale, handmade pizzas, pull-tabs and e-tabs. Currently have a category 2 food license, with approved walls and flooring in the kitchen area and a hand-wash sink in place. Possibilities of adding a grill and hood, deep fryer, etc. Currently, have a pizza/sandwich prep cooler and are serving handmade pizzas. Would be easy to expand that into subs, paninis, etc. Great cash flow! The main level is a 50 x 70 space with tons of room for special events, tournaments, etc. There is plenty of space for a variety of activities and seating configurations. There are 2 studio apartments in the basement, which is an additional 50 x 70 space that has tons of storage, office space and washer and dryer hookups. Everything is turnkey and ready to start generating income today! Contract for deed available!


 

Interior Features

Bedrooms

Total Bedrooms0

Bathrooms

Total Baths0

Other Interior Features

BasementBlock, Full, Storage Space
Basement (Y/N)Yes
FuelNatural Gas

General

AccessibilityFully Wheelchair, No Stairs Internal
Additional Parcels Description874100840
Additional Parcels Y/NYes
AppliancesElectric Water Heater, Freezer, Microwave, Refrigerator
CityCalumet
Construction MaterialsBlock, Brick
ContingencyNone
CoolingWindow Unit(s)
CountyItasca
Current UseCommercial, Event Space, Food Service, Bar/Tavern
DirectionsN on Gary Street off Hwy 169 to Property on L.
Electric Expense6456
Fuel Expense3000
Garage Spaces1
Gross Income250000
HeatingForced Air
High School DistrictGreenway
Insurance Expense5000
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
MaintenanceExpense2000
Net Operating Income150000
New ConstructionNo
Number Of Units Total2
Operating Expense100000
OwnerPaysAll Utilities, Cable TV, Common Area Maintenance, Electricity, Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Possible UseRest/Lounge, Lounge/Bar
PostalCityCalumet
Property TypeCommercial Sale
RoofAge 8 Years or Less, Flat, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCalumet
Tax Annual Amount$2,320
Tax Year2026
TopographyHigh Ground
Trash Expense2400
UtilitiesElectric Common, Heating Common, Hot Water Common
Water Sewer Expense960
Year Built1940
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total6,964 sqft
Foundation Area3,482 sqft
InclusionsBuilding, Business Assets, Business, Fixture/Equipment, Land
Lot Dimensions130x125
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesAttached Garage, Gravel, On-Street Parking Only, Parking Lot, Tuckunder Garage, Open
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$250,000

0 Beds 0 Baths 6,964 SQFT 0.14 Acres
Type: Commercial

945 Gary Street
Calumet, MN 55716

MLS#: 7143989
Kieran Houlahan
Kieran Houlahan
The Real Estate Advantage
Licensed in MN & WI
Phone: 612.323.7420
Office: 763.755.1100