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Active NEW!
$375,000
/mo Edit
Commercial:  1 Story
Built 1956
0.45 acres
Little Falls schools
MLS# 7113471
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    Property Description

    Well established restaurant with extra building (currently leased and would like to remain for $600 a month to beauty shop) included with turn key fixtures, equipment, inventory & transition time frame with current owner if desired. Restaurant known for affordable meals, buffets & friendly service - take advantage of this turn key opportunity or make it your own, perhaps a sports bar & grill? Possibilities are endless, owner is just ready for a change! Restaurant built in 1956 is 4, 050 sq ft and beauty shop built in 1944 is 1, 120 sq ft. New flooring was installed in kitchen/prep areas in 2022 and some painting/updating made in other areas also during this time.

    Listing

    Contingency: None
    City: Little Falls
    County: Morrison
    State: MN
    Property Style: 1 Story
    Zip Code: 56345
    Subdivision Name: Thayers Add

    Interior

    Refrigerators: Six or More
    Appliances Included:
    • Cooktop
    • Dishwasher
    • Exhaust Fan
    • Freezer
    • Indoor Grill
    • Microwave
    • Range
    • Refrigerator
    • Wall Oven
    Basement Details:
    • Block
    • Partial
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 5,170 ft2
    Handicap Accessible: No Stairs External, No Stairs Internal, Partially Wheelchair
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Assigned
    • Concrete
    • Paved Lot
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • State Road
    Exterior Material: Frame
    Roof Details:
    • Flat
    • Pitched
    • Rubber

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.45
    Geolocation: 45.97738076, -94.37101622
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
    Lot Dimensions: 50 x 140 x 46 x 140 x 75 x 80
    Addl Parcels: 490210000, 490211000
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 482
    District Phone: 3206322002

    Expenses

    Tenant Expenses: Electricity, Fuel, Janitorial Service, Maintenance, Trash Collection

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,779
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,812

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Beauty/Barber Shop
    • Food Service
    • Restaurant
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

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    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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    Listing provided by RMLS, courtesy of Central MN Realty LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.