Date
Details
Price
Change
Source
12/18/2025
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$575,000
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Property Description
Prime opportunity to own a successful, fully equipped restaurant and event venue with multiple income streams. This well-established property offers a welcoming bar and dining area with a loyal customer base, plus a spacious ballroom/conference space ideal for weddings, banquets, corporate events and large gatherings. The venue also hosts many annual recurring events, providing reliable, repeat business year after year. The sale includes all furniture, fixtures and equipment for continued operation, allowing a seamless transition for a new owner. The commercial kitchen is designed for high-volume service, and the layout works beautifully for both daily dining and large events. With strong visibility, ample parking and steady bar/restaurant income, this is a true turn-key opportunity with room to grow. Bring your vision and step into ownership from day one.
Full Property Details
Full Property Details for 1045 Craig Ave
General
- Price: $575,000
- Taxes: $8,776 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7001262
- Updated: 4/27/2026
- Added to Site: 299 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Lyon
- Township: Tracy
- Subdivision: 2nd Railway Add
- Driving Directions: Entering Tracy on Highway 14, property is on the south side on the road
School Information
- School District: 2904 - Tracy Area
- High School District: Tracy Area
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Separate, Hot Water Separate
Structural Information
- Foundation Size: 12546
- Disability Access: Doors 36"+, Fully Wheelchair, No Stairs External, No Stairs Internal
- Current Bldg. Use: Commercial
- Year Built: 1980
Lot Features
- Lot Size (Acres): 3.093
- Lot Dimensions: Irregular
- Potential Use: Restaurant, Shop, Lounge/Bar
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $8,776
- Tax Year: 2025
Disclosures and Reports
- Legal Description: 2ND RAILWAY ADDITION TO TRACY 01010001 LOTS 1 TO 14 BLK 41 & EX HY LOT 15, EX PT LOTS 1-8 BLK 41
- Inclusions: Building, Fixture/Equipment, Land
- Property ID: 311043270
Listed by Edina Realty, Inc.
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Listing agents
— 1045 Craig Ave —
Edina Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 1045 Craig Ave
School District:Tracy Area Public School District
| Name | Grades | Distance |
|---|---|---|
Tracy Elementary School 700 South 4th Street, Tracy, MN 56175 | PK-6 | 1 mi |
Tracy Secondary 934 Pine Street, Tracy, MN 56175 | 7-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1045 Craig Ave
Tax History
Tax History for 1045 Craig Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$8,820
—
$251,400
—
2026
$8,820
-6%
$251,900
4%
2023
$9,410
-12%
$241,800
2%
2022
$10,742
1%
$238,200
-2%
2021
$10,596
—
$243,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1045 Craig Ave
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,844Sq. Ft.
Listed by Edina Realty, Inc.
- Single Family
- Active
- Updated 7 hours ago
- 6Beds
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- Active
- Updated 2 days ago
- 1Bed
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- Updated 4 days ago
- 4Beds
- 2Total Baths
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Listed by Marshall Area Homes
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,268Sq. Ft.
Listed by eXp Realty
- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 1Total Bath
- 1,080Sq. Ft.
Listed by Edina Realty, Inc.
- Single Family
- Active
- Updated 13 hours ago
- 2Beds
- 1Total Bath
- 880Sq. Ft.
Listed by Heartland Real Estate Services LLC
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 1Total Bath
- 1,920Sq. Ft.
Listed by Heartland Real Estate Services LLC
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- Single Family
- Closed
- 2Beds
- 3Total Baths
- 3,270Sq. Ft.
Listed by Creative Three, Inc.
Sold by Edina Realty, Inc.
Sold by Edina Realty, Inc.
- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,036Sq. Ft.
Listed by Full Circle Realty Group
Sold by RE/MAX Advantage Plus
Sold by RE/MAX Advantage Plus
- Single Family
- Closed
- 2Beds
- 2Total Baths
- 1,128Sq. Ft.
Listed and Sold by Full Circle Realty Group
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,980Sq. Ft.
Listed by Edina Realty, Inc.
Sold by Edina Realty, Inc.
Sold by Edina Realty, Inc.
1045 Craig Avenue, Tracy, MN 56175 (MLS# 7001262) is a Commercial property. 1045 Craig Avenue is currently listed for $575,000 and was received on December 18, 2025. Want to learn more about 1045 Craig Avenue? Do you have questions about finding other Commercial real estate for sale in Tracy? You can browse all Tracy real estate or contact a Coldwell Banker agent to request more information.