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Active
$690,000
/mo Edit
Commercial:  1 Story
Built 1975
1.64 acres
Bagley schools
MLS# 7039376
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    Property Description

    Exceptional Commercial Opportunity | 10, 205 SF | Prime Highway 2 Visibility Positioned on a highly visible and well traveled corridor along Highway 2, this beautifully designed 10, 205 square foot property presents a rare opportunity to acquire a turnkey restaurant and event venue with exceptional flexibility for future use. Currently configured as an elegant dining establishment, the space features a thoughtfully designed restaurant layout complemented by a warm, inviting bar area and a charming event space. Ideal for private gatherings, celebrations, or expanded hospitality concepts. The ambiance strikes a balance between sophistication and comfort. For those with a broader vision, the property offers significant potential for adaptive reuse. With its strong infrastructure, generous square footage, and functional layout, it could be reimagined as medical or professional office space, a specialty retail destination, or a customized business headquarters tailored to your needs. Investors and owner-users alike will appreciate the ability to strategically demize the building, occupy a portion for your own operations while generating supplemental income by leasing the remaining space. It’s a smart approach that blends operational control with long term cash flow. Situated on a beautifully maintained lot, the property offers ample, well lit parking and excellent access, ensuring convenience for customers, staff, and tenants alike. Its prominent visibility along Highway 2 provides strong exposure and consistent traffic, an invaluable advantage for any business. Opportunities with this level of versatility, presence, and potential are increasingly rare in today’s market. Bring your vision, and transform this property into your next successful venture. Building was gutted and renovated in 2003 with additions. Pavilion was built in 2007. Has six natural gas heating and cooling roof-mounted units. In-floor heat gas boiler system. New septic system in 2023.

    Listing

    Contingency: None
    City: Bagley
    County: Clearwater
    State: MN
    Property Style: 1 Story
    Zip Code: 56621

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 10,205 ft2
    Foundation Dimensions: 76' x 167'
    Handicap Accessible: Doors 36"+, Fully Wheelchair, Hallways 42"+, No Stairs Internal
    Heating System:
    • Boiler
    • Fireplace(s)
    • Forced Air
    • In-Floor Heating
    Parking Features:
    • Parking Lot
    • Paved Lot
    Exterior Material:
    • Block
    • Brick

    Lot & Land

    Acres: 1.64
    Geolocation: 47.524048, -95.433485
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Land
    Lot Dimensions: 250 x 440
    Zoning: Business/Commercial

    Schools

    School District: 162
    District Phone: 2186946184

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,128
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $5,358

    Units

    Total Units: 1

    Miscellaneous

    Current Use: Vacant
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System:
    • Private Sewer
    • Tank with Drainage Field
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System:
    • 4-Inch Submersible
    • Drilled
    • Private
    • Well

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    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.
    Connect with Eric today to get started with your home purchase!

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