Recently Viewed Properties
5454 Waterway Road, Isle, MN 56342

$325,000

  • For Sale
  • Active
  • Commercial
  • 3,104 Sq. Ft.
5454 Waterway Road, Isle, MN 56342 View this property at 5454 Waterway Road, Isle, MN 56342
5454 Waterway Road Isle MN 56342

Property Description

Restaurant is operational and currently being leased. Prime location with 150ft of lakeshore on Mille Lacs East Side next to a public access. Great opportunity for owner operator. With purchase of business, sellers can transfer 100k; 0% interest loan with payments deferred to 2022! Great way to offset startup costs.

Full Property Details for 5454 Waterway Road

  • Price: $325,000
  • Taxes: $10,134 (2015)
  • Status: Active
  • Type: Commercial
  • MLS ID: 4522385
  • Updated: 9/13/2017
  • Added: 1, 204 day(s) ago

Property History

  • 5454 Waterway Road, Isle, MN
  • Reduced to $325,000 on 5/28/17
  • Reduced to $335,000 on 9/9/16
  • Reduced to $345,000 on 8/18/16
  • Reduced to $359,900 on 5/3/15
  • Reduced to $370,000 on 2/18/15
  • Reduced to $380,000 on 1/26/15
  • Reduced to $397,900 on 10/14/14
  • Listed at $399,900 on 8/29/14

Interior

  • Appliances: Range, Cooktop, Indoor Grill, Microwave, Exhaust Fan/Hood, Refrigerator, Freezer, Other

Parking

  • Non-Garage Spaces: 25
  • Garage Description: Detached Garage, Uncovered/Open

Location

  • County: Mille Lacs
  • Driving Directions: Hwy 47 N Of Isle Approximately 5 Miles To County Rd 28. Turn Left On 28 To Property On Right.

School Information

  • School District: 473 - Isle

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central
  • Heating Type: Forced Air, Other
  • Heating Fuel: Propane

Utilities

  • Sewer: Private, Mound
  • Water: Well

Structural Information

  • Construction Status: Previously Owned
  • Exterior Const.: Wood, Brick/Stone
  • Foundation Size: 3104
  • Disability Access: No Stairs Internal
  • Square Feet: 3,104
  • Current Bldg. Use: Restaurant, Tavern/Lounge, Commercial, Other
  • Year Built: 1979

Unit Information

  • Unit Features: Patio, Natural Woodwork, Other

Lot Features

  • Lot Dimensions: 150 x 300 x 130 x 150 x irr
  • Development Status: Previously Owned
  • Zoning: Business/Commercial, Shoreline
  • Lot Description: Irregular Lot, Light Tree Coverage

Water Features

  • Water Front: Yes
  • Water Front Name: Mille Lacs Lake
  • Water Front Desc.: Lakefront
  • Water Front View: Lake, West
  • Water Front Feet: 150
  • Water Front Elev.: 0-4
  • Water Front Num: 48000200
  • Lake Front: Yes
  • Lake Acres: 128226.17
  • Lake Bottom: Gravel, Rocky
  • Lake Depth: 42

Financial Considerations

  • Tax w/Assessment: $10,160
  • Tax Amount: $10,134
  • Tax Year: 2015
  • Terms: Conventional, Contract for Deed, Special Funding, Cash

Disclosures and Reports

  • Legal Description: LIBERTY LOTS 8, 10, 11 & 12 BLOCK 4 & SUBLOT A OF LOT 9 BLOCK 4 OF LIBERTY RE-ARRANGEMENT
  • Property ID: 55200350

Listed by Mille Lacs Realty-Isle

Quickly Find Out More

We Value Your Privacy

Estimate the Cost

5454 Waterway Road will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

Get pre-approved to see if you qualify for properties in this budget.

*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

5454 Waterway Road, Isle, MN 56342 (MLS# 4522385) is a Commercial property. 5454 Waterway Road is currently listed for $325,000 and was received on August 28, 2014. Want to learn more about 5454 Waterway Road? Do you have questions about finding other Commercial real estate for sale in Isle? You can browse all Isle real estate or contact a Coldwell Banker agent to request more information.

Listed by Mille Lacs Realty-Isle