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Grill & Bar 406 9th St NE

4,564 SF Retail Building Waseca, MN 56093 $699,000 ($153/SF)

Investment Highlights

  • 130 ft Lakeshore
  • Dock access
  • Turnkey Grill & Bar

Executive Summary

Restaurant Bar 130' of Lakeshore
With a loyal customer base, trained staff and a well-established reputation, this
turnkey full-service American cuisine grill and bar is located in a quiet residential neighborhood on the stunning shores of lake and is the perfect turnkey opportunity for restaurateurs looking to make a splash in a desirable location.
HIGHLIGHTS Stunning lakeshore views make the grill and bar a sought-after venue for boaters,
parties, and special events. The interior is designed efficiently, well-decorated,
spacious, and offers ample seating and a full-service bar and kitchen. Outdoor
seating area is a major draw during the summer months, enhancing the
magnificent view and providing a enjoyable dining experience. A cherished
gathering place for 17 years, this prized restaurant draws in locals and visitors alike
with its inviting family atmosphere, signature drinks, and all-encompassing menu
featuring steak, walleye, ribs, pastas, burgers, sandwiches/wraps, baskets,
flatbreads, an outstanding salad bar, and breakfast on Sundays.

Property Facts

Sale Type
Owner User
Sale Conditions
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,564 SF
Building Class
C
Year Built
1908
Price
$699,000
Price Per SF
$153
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.21 AC

About 406 9th St NE , Waseca, MN 56093

Main floor features a commercial kitchen, the walk-in coolers and freezer are located downstairs, and there are two bars – one upstairs and one downstairs. Completely Remodeled in 2006. 185 capacity Street Parking .2 acres 130 ft. of lakeshore Ground Lease with the city: $2,300 annually

Nearby Major Retailers

Wells Fargo Home Mortgage
Snap Fitness 24/7
Jazzercise
Anytime Fitness
Cash Wise

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17.900.0040
Land Assessment
$130,000
Improvements Assessment
$0
Total Assessment
$130,000
  • Listing ID: 28567675

  • Date on Market: 5/24/2023

  • Last Updated:

  • Address: 406 9th St NE, Waseca, MN 56093

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