$300,000
Newfolden, MN 56738
MLS# 6350609
Status: Closed

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Property Description
Well established and successful restaurant and bar could be yours! If you have been dreaming about your own business now is the time to put pen to paper. This restaurant has been operated by the same person for over 40 years and he says.. "It's time to retire". He wants to hand over the keys to someone else who will be just as successful. 6000 square feet and will host approximately 180 people. Host your private dining group in the back. Call today for you private showing!
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2023-11-08
Current Price: $300,000
Closed Date: 2023-12-06
Sales Close Price: 300000
Contingency: None
ListPrice: 329000
List Date: 2023-04-04
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Owner Occupied: No
Year Built: 1970
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 6000
Garage Stalls: 1
For Sale or Lease: For Sale
Acres: 0.29
Lot Dimensions: 100 x 127 ; 24 x 127
Location Tax and Other Information
House Number: 106
Street Name: Main
Street Suffix: Street
Postal City: Newfolden
County: Marshall
State: MN
Zip Code: 56738
Complex/Dev/Subdivision: Newfolden Original
Additional Parcels Information
Property ID #2: 540067000
Assessments
Tax With Assessments: 1110
Basement
Foundation Dimensions: 50 x 94
Building Information
Building Finished SqFt: 6000
Building SqFt: 6000
Income and Expenses
Annual Electric Expense: 12000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Fixture/Equipment, Inventory
Unit Details
Total Units: 1
Property Features
Accessible: Fully Wheelchair; No Stairs Internal
Air Conditioning: Central
Appliances: Cooktop; Dishwasher; Dryer; Exhaust Fan/Hood; Freezer; Indoor Grill; Microwave; Range; Refrigerator; Stainless Steel Appliances; Washer
Basement: Slab
CMU Style: Business Opportunity
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Freezer; Grill; Ice Machine; Other; Oven; Refrigerator
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Event Space; Restaurant; Tavern/Lounge
Exterior: Wood
Financing Terms: Conventional
Flooring: Carpet; Concrete Slab; Luxury Vinyl Plank; Tile
Fuel: Electric; Propane
Heating: Forced Air
Internet Options: Cable
Loan Terms: Cash; Conventional
Location Description: Downtown
Lot Description: Irregular Lot
On Site Utilities: Electric Separate
Owner Pays: All Utilities; Cable TV; Electricity; Fuel; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot
Potential Use: Income; Lounge/Bar; Office; Restaurant; Retail; Warehouse
Road Frontage: City Street; Curbs; Paved Streets
Road Responsibility: Public Maintained Road
Roof: Metal
Sewer: City Sewer/Connected
Stories: One
Wall Description: Finished; Wood
Water: City Water/Connected
Listing Office: Hometown Realty
Last Updated: June - 08 - 2025

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