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421 Ash Avenue N., Mayer, MN 55360 BAR/RESTAURANT/RETAIL/APT. RETAIL FOR SALE www.kwcommercial.com KW COMMERCIAL 215 Walker Avenue S. Wayzata, MN 55391 JEFF STEDMAN Agent 952.473.0903 [email protected] We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. PROPERTY OVERVIEW 4360 SF retail building with bar/restaurant on main level and apartment above, is located in the central business district of Mayer. Restaurant and bar equipment are included in the sale. The property has a spacious event/ party room adjacent to the bar/dining area. Ideal location along Hwy 25, 1.4 miles south of Hwy 7 PROPERTY FEATURES Approximate 3200 Sf main floor restaurant/bar with full commercial kitchen Restaurant has a separate 1170 SF event room, 650 SF dining room, 131 SF liquor storage Furniture fixtures, and equipment included in the sale Approximate 1150 SF second floor 1 bedroom apartment for rental/owner 1200 SF lower level Spacious outdoor space in front of building for outside patio Plenty of parking; easy access, and high visibility Highway 25 frontage- 4150 vehicles/day (MnDOT 2009) Property website: https://goo.gl/8yJ4o3 SALE PRICE: $319,900 LOT SIZE: 0.32 Acres BUILDING SIZE: 4360 SF YEAR BUILT: 1971 ZONING: C-2 CROSS STREETS: 5th Street NE
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RETAIL FOR SALE BAR/RESTAURANT/RETAIL/APT.images2.loopnet.com/d2/9iNWEkpz94-MTUu46vWLjZAKWApPJ5...It is submitted subject to the possibility of errors, omissions, change of price,

Aug 09, 2020

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Page 1: RETAIL FOR SALE BAR/RESTAURANT/RETAIL/APT.images2.loopnet.com/d2/9iNWEkpz94-MTUu46vWLjZAKWApPJ5...It is submitted subject to the possibility of errors, omissions, change of price,

421 Ash Avenue N., Mayer, MN 55360

BAR/RESTAURANT/RETAIL/APT.

RETAIL FOR SALE

www.kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

JEFF [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

PROPERTY OVERVIEW4360 SF retail building with bar/restaurant on main level and apartmentabove, is located in the central business district of Mayer. Restaurant andbar equipment are included in the sale. The property has a spacious event/party room adjacent to the bar/dining area. Ideal location along Hwy 25,1.4 miles south of Hwy 7

PROPERTY FEATURESApproximate 3200 Sf main floor restaurant/bar with full commercialkitchen

Restaurant has a separate 1170 SF event room, 650 SF diningroom, 131 SF liquor storage

Furniture fixtures, and equipment included in the sale

Approximate 1150 SF second floor 1 bedroom apartment forrental/owner

1200 SF lower level

Spacious outdoor space in front of building for outside patio

Plenty of parking; easy access, and high visibility

Highway 25 frontage- 4150 vehicles/day (MnDOT 2009)

Property website: https://goo.gl/8yJ4o3

SALE PRICE: $319,900

LOT SIZE: 0.32 Acres

BUILDING SIZE: 4360 SF

YEAR BUILT: 1971

ZONING: C-2

CROSS STREETS: 5th Street NE

Page 2: RETAIL FOR SALE BAR/RESTAURANT/RETAIL/APT.images2.loopnet.com/d2/9iNWEkpz94-MTUu46vWLjZAKWApPJ5...It is submitted subject to the possibility of errors, omissions, change of price,

www.kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

JEFF [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

421 Ash Avenue N., Mayer, MN 55360

BAR/RESTAURANT/RETAIL/APT.

RETAIL FOR SALE

PLENTY OF PARKING; EASY ACCESSSEPARATE ENTRANCE TO BAR

FRONT OF PROPERTY-ROOM FOR OUTDOOR PATIO WITH BAR

Page 3: RETAIL FOR SALE BAR/RESTAURANT/RETAIL/APT.images2.loopnet.com/d2/9iNWEkpz94-MTUu46vWLjZAKWApPJ5...It is submitted subject to the possibility of errors, omissions, change of price,

www.kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

JEFF [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

421 Ash Avenue N., Mayer, MN 55360

BAR/RESTAURANT/RETAIL/APT.

RETAIL FOR SALE

DINING AREA LARGE EVENT/PARTY ROOM

BAR SERVICE AREA

LIQUOR STORAGE WITH COOLER AND ICE MACHINEFULL COMMERCIAL KITCHEN

BAR WITH EVENT SPACE OFF TO THE SIDE

Page 4: RETAIL FOR SALE BAR/RESTAURANT/RETAIL/APT.images2.loopnet.com/d2/9iNWEkpz94-MTUu46vWLjZAKWApPJ5...It is submitted subject to the possibility of errors, omissions, change of price,

www.kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

JEFF [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

421 Ash Avenue N., Mayer, MN 55360

BAR/RESTAURANT/RETAIL/APT.

RETAIL FOR SALE

APARTMENT BEDROOM (12'9" X 24')

APARTMENT LIVING ROOM (27'3" X 17')

REAR ENTRANCE TO BUILDING; ENTRANCE TO APARTMENT

APARTMENT WITH KITCHEN/DINING AREA (12'7" X 19'2")

Page 5: RETAIL FOR SALE BAR/RESTAURANT/RETAIL/APT.images2.loopnet.com/d2/9iNWEkpz94-MTUu46vWLjZAKWApPJ5...It is submitted subject to the possibility of errors, omissions, change of price,

www.kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

JEFF [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

421 Ash Avenue N., Mayer, MN 55360

BAR/RESTAURANT/RETAIL/APT.

RETAIL FOR SALE

Page 6: RETAIL FOR SALE BAR/RESTAURANT/RETAIL/APT.images2.loopnet.com/d2/9iNWEkpz94-MTUu46vWLjZAKWApPJ5...It is submitted subject to the possibility of errors, omissions, change of price,

www.kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

JEFF [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

* Demographic data derived from 2010 US Census

421 Ash Avenue N., Mayer, MN 55360

BAR/RESTAURANT/RETAIL/APT.

RETAIL FOR SALE

POPULATION 1 MILE 5 MILES 10 MILES

TOTAL POPULATION 382 10,235 41,711

MEDIAN AGE 37.4 37.3 36.3

MEDIAN AGE (MALE) 37.9 37.7 36.3

MEDIAN AGE (FEMALE) 36.7 36.6 36.1

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

TOTAL HOUSEHOLDS 148 3,973 15,576

# OF PERSONS PER HH 2.6 2.6 2.7

AVERAGE HH INCOME $79,188 $78,884 $83,609

AVERAGE HOUSE VALUE $319,506 $311,448 $321,434