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118 E 1st Street, Minneota, MN 56264

$330,000 -$2,500 (-0.75%) Price Reduced

  • For Sale
  • Active
  • Business
  • 5,040 Sq. Ft.
  • 0.26 Acres
  • Updated 4 hours ago
118 E 1st Street, Minneota, MN 56264View this property at 118 E 1st Street, Minneota, MN 56264
118 E 1st StreetMinneotaMN56264
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Welcome to a fantastic turnkey business opportunity: a recently renovated bar and grill that offers the best of both worlds with a casual bar atmosphere and a more intimate dining experience. This versatile establishment boasts two distinct sides, providing a generous 5,040 square feet of dining and kitchen space. The property features a fully-equipped commercial kitchen, ensuring smooth and efficient operations. Located on the bustling Highway 68, the venue enjoys high visibility and steady traffic, attracting a diverse clientele. Additionally, the large back patio offers an inviting outdoor space for patrons to relax and further enjoy their experience. The property also includes a 2,000 square foot unfinished upper story, presenting endless potential opportunities for expansion or customization. This is an exceptional chance to own a thriving bar and grill with ample room for growth. Schedule your showing and envision the possibilities!

Full Property Details for 118 E 1st St

General

  • Price: $330,000
  • Taxes: $2,896 (2024)
  • Status: Active
  • Type: Business
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6560696
  • Updated: 10/3/2024
  • Added to Site: 87 day(s) ago

Interior

  • Appliances: Cooktop, Exhaust Fan, Freezer, Indoor Grill, Microwave, Range, Refrigerator, Stainless Steel Appliances

Additional Information

  • Amenities: Natural Woodwork, Patio, Wet Bar

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Lyon
  • Driving Directions: On north side of Hwy 68 next to the Minneota post office.

School Information

  • School District: 414 - Minneota
  • High School District: Minneota

Heating & Cooling

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

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Metal Siding, Other
  • Basement: Yes
  • Basement Desc.: Partial
  • Foundation Size: 5040
  • Roof: Metal, Rubber
  • Disability Access: No Stairs Internal
  • Square Feet: 5,040
  • Finished Down/Base.: 5,040 Sq. Ft.
  • Current Bldg. Use: Food Service, Restaurant
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Dimensions: 67.8 x 170
  • Frontage: Curbs, Paved Streets, Sidewalks
  • Potential Use: Other, Professional Service, Rest/Lounge, Restaurant, Retail, Investment, Bar/Tavern
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $2,896
  • Tax Year: 2024
  • Owner Pays: All Utilities

Disclosures and Reports

  • Legal Description: ORIGINAL PLAT TO CITY OF MINNEOTA 01010001 LOT 10 & LOT 11 EX SELY 7.2'
  • Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory
  • Property ID: 281000210

Listed by Edina Realty, Inc.

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Listing agents

— 118 E 1st St —

  • Edina Realty, Inc.

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with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 118 E 1st St

School District:Minneota Public School District
RatingNameGradesDistance
8
Minneota Elementary School
504 N Monroe St, Minneota, MN 56264
PK-120.4 mi
8
Minneota High School
504 N Monroe St, Minneota, MN 56264
PK-120.4 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 E 1st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/03/2024
Price Reduced
$330,000
-0.75%
MLS
9/25/2024
Price Reduced
$332,500
-0.75%
MLS
9/23/2024
Price Reduced
$335,000
-1.47%
MLS
9/17/2024
Price Reduced
$340,000
-2.86%
MLS
7/08/2024
Listed
$350,000
536.36%
MLS
1/03/2017
Sold
$55,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 118 E 1st St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,100
-14%
$53,200
12%
2022
$1,284
5%
$47,700
1%
2021
$1,222
—
$47,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Edina Realty, Inc.

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118 E 1st Street, Minneota, MN 56264 (MLS# 6560696) is a Business property. 118 E 1st Street is currently listed for $330,000 and was received on July 08, 2024. Want to learn more about 118 E 1st Street? Do you have questions about finding other Business real estate for sale in Minneota? You can browse all Minneota real estate or contact a Coldwell Banker agent to request more information.

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