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.
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Amanda Ceynar
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19 Main St, Tioga, North Dakota, 58852
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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19 Main St
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