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$269,900

0 Beds 0 Baths 4,554 SQFT 0.32 Acres
Type: Commercial

209 2nd Street
Bovey, MN 55709

MLS#: 7162218
Joshua Arthur
Joshua Arthur
The Real Estate Advantage
Phone: 612.708.9456
Office: 952.898.5800
Presented by: RE/MAX Results

Property Description

 

Exceptional Turnkey Bar & Entertainment Business with Income-Producing Apartments An exceptional commercial turnkey opportunity! Following the forfeiture of a previous contract for deed, the sellers have repossessed the property and completed extensive cosmetic and operational upgrades throughout the establishment. Community support has been overwhelming, with patrons welcoming the owners back and contributing to a substantial increase in daily revenue. Business & Revenue Highlights Established Entertainment Destination: Successfully hosts weekly dart and pool tournaments, live band performances, birthday parties, and baby showers. The business also plans to introduce meat raffles and bingo events, creating additional opportunities to attract patrons, increase traffic, and grow revenue. Multiple Revenue Streams: In addition to food and beverage sales, the establishment offers pull tabs and electronic pull tabs (e-tabs) to its patrons, providing an additional source of business income and enhancing the overall entertainment experience. Food & Beverage Operations: Currently serving pizza and light food items, with significant potential to expand the menu and increase sales. Value-Add Kitchen Opportunity: Features a designated kitchen area currently plumbed with a sink, offering excellent potential for expanded food service. Buyers interested in developing a more extensive menu are encouraged to consult local city and health officials regarding licensing, equipment, and layout requirements for commercial food preparation. This space offers an opportunity to tailor food service to a buyer’s vision. Immediate Rental Income: Includes two fully leased, income-producing residential apartments on-site, providing an additional revenue stream alongside the bar and entertainment business. Growth Potential: With established community support, multiple entertainment offerings, food and beverage sales, pull-tab and e-tab income, and residential rental revenue, this property presents an exciting opportunity for an owner-operator or investor to build on an established business and explore additional revenue opportunities.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelNatural Gas
Garage Dimensions22 x 24

General

AccessibilityWheelchair Ramp(s)
Additional Parcels Y/NNo
Amenities UnitPatio
AppliancesCooktop, Range, Refrigerator
CityBovey
Construction MaterialsBlock, Other, Brick, Concrete, Stone
ContingencyNone
CoolingNone
CountyItasca
Current UseProfessional/Office, Commercial, Other, Recreational, Bar/Tavern
DirectionsFrom Grand Rapids North on 169 to Bovy take a left on 2nd Avenue to 2nd Street on your left.
Electric Expense600
Garage Spaces2
Gross Income30000
HeatingBoiler, Forced Air, Radiator
High School DistrictGreenway
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total2
OwnerPaysAll Utilities, Electricity, Gas, Grounds Care, HVAC Maintenance, Repairs, Sewer, Taxes, Trash Collection, Water
Pool FeaturesNone
Possible UseOffice, Other, Professional Service, Rest/Lounge, Restaurant, Lounge/Bar
PostalCityBovey
Property TypeCommercial Sale
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameBovey
Tax Annual Amount$2,693
Tax Year2026
Tenant PaysCable TV
TopographyOther
Trash Expense600
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1920
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total4,554 sqft
FencingNone
Foundation Area4,554 sqft
InclusionsBuilding, Business, Fixture/Equipment, Inventory, Leases
Lot Dimensions44.5 90
Lot FeaturesTree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Gravel, Parking Lot
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

$269,900

0 Beds 0 Baths 4,554 SQFT 0.32 Acres
Type: Commercial

209 2nd Street
Bovey, MN 55709

MLS#: 7162218
Joshua Arthur
Joshua Arthur
The Real Estate Advantage
Phone: 612.708.9456
Office: 952.898.5800