For Sale
$289,900

19 Main StTioga, ND 58852

Historic Tioga Bar with Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional opportunity presents the Model Tavern, a well-established bar located at 19 Main St N, Tioga, ND 58852. This turnkey business, boasting 70 years of family ownership, offers a unique blend of commercial and residential income streams. The main bar occupies 3,000 square feet of the 4,190 total square foot building, situated on a prime Main Street location. The sale includes the real estate, all furniture, fixtures, and equipment, along with existing inventory. Adding to the profitability, three apartments generate rental income: one 1-bedroom, 1-bathroom unit rents for $650, and a 2-bedroom, 1-bathroom unit also rents for $650. Additional upstairs space includes two separate rooms and a studio with kitchenette, offering further rental potential. The building, constructed in 1915, features newer siding, gutters, furnaces, and central air units. The property is zoned C and includes an inviting outdoor patio, perfect for events. The business also benefits from income generated by gaming machines. Financial details are available upon request with a signed NDA. The current main bartender, a long-term employee with extensive business knowledge, is interested in continuing her employment. The business currently employs three people. This is a rare chance to acquire a profitable, established business with significant upside potential in a desirable location. The asking price is $289,900, with a price per square foot of $69.19. The building is three stories with one building.

Highlights

  • Financials available upon request with signed NDA.
  • Experienced bartender, employed for many years, willing to stay on. Three total employees.
  • Main floor apartment: 1 bed, 1 bath, laundry, $650/month.
  • Upper floor apartment: 2 bed, 1 bath, laundry, $650/month.
  • Upper floor also features two separate rooms and a studio with kitchenette, sharing a 3/4 bath (currently vacant).

Property Details for 19 Main St

Property type
Retail properties, Bars
Square Feet
4,190 SF
Year Built
1915
Buildings
1
Stories
3

Location Insight

City
Tioga
County
Williams
State
North Dakota
Latitude
48.39577
Longitude
-102.9386424
19 Main St, Tioga, North Dakota

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19 Main St
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