For Sale
$125,000

120 Main StElgin, ND 58533

Established Business, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional turnkey opportunity presents a thriving restaurant and bar located at 120 N Main St, Elgin, ND 58533. Spanning 3,059 square feet on a 0.075-acre lot, this 1920-built establishment is priced at $125,000 ($42.50/sq ft). The property boasts a well-defined layout, including a front bar area with seating and gaming, a rear space currently utilized for pool tables, dart boards, and a stage, an office with laundry hookups and a shower, restrooms, an inventory area, and a basement for ample storage. Recent upgrades include a new exterior electrical system (2020), a rebuilt cooler (2017), a new roof (2018), updated flooring (2021), and added insulation (2023). The property includes all furniture, fixtures, and equipment. An adjoining vacant lot is available for purchase from the city of Elgin, offering potential for expansion or outdoor space. The seller is open to a contract for deed. A lease option is also available at $2,000/month plus utilities. Elgin's strategic location in a popular pheasant hunting area, near Lake Tschida, and on a well-traveled route for motorcyclists and car clubs, ensures consistent foot traffic. The city also hosts numerous annual events, further boosting business potential. The building features central air cooling, forced air and oil heating, carpet and vinyl flooring, and public water and sewer connections. Included are ceiling fans and window treatments. The property has city street road frontage and is on a lot the owner owns.

Highlights

  • Bar/Restaurant/Retail Opportunity
  • Central AC
  • Forced-air oil heat
  • Carpet and vinyl flooring
  • Unfinished basement
  • Public water and sewer

Property Details for 120 Main St

Property type
Retail properties, Bars
Square Feet
3,059 SF
Year Built
1920
Lot Size (sq. ft)
3,267 SF

Location Insight

City
Elgin
County
Grant
State
North Dakota
Latitude
46.402931831707
Longitude
-101.84547406498
120 Main St, Elgin, North Dakota

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120 Main St
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