29410 Beroun Crossing RdPine City, MN 55063

Property Details for 29410 Beroun Crossing Rd

Year built

2003

Construction

WOOD

Lot size

4.99 AC

Property size (Sq ft)

2,672 SF

Property type

Retail properties

Property subtype

Bars

APN

08.0064.002

APU

80064002

Description

This turnkey bar and grill, located at 29410 Beroun Crossing Rd, Pine City, MN 55063, presents a unique investment opportunity. The 4,060 square foot establishment, built in 2005 and extensively renovated in 2023, sits on a spacious 4.99-acre lot. The property includes two buildings, all on one story, and features a fully equipped kitchen with modern appliances including a 12' long vent hood, broaster, two deep fryers, flat grill with oven, and char broiler. The interior boasts seating for 75 patrons, complemented by an outdoor patio and an 18' x 20' covered pavilion. All inventory, fixtures, and equipment are included in the asking price of $495,000. The property benefits from in-floor heat powered by an outdoor wood boiler and features a real log structure with open vaulted ceilings. Its location on snowmobile and ATV trails adds to its appeal. The expansive lot offers significant potential for expansion, with possibilities including an event center, campground, RV park, or other ventures, subject to county approval. Additional land (96+ acres) is available for separate purchase. The property is zoned commercial and has an APN of 0080064002.

• CAP approach

  CAP return

  Valuation

  6%

  $722,154

  6.5%

  $666,603

  7%

  $618,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $343,675

  Geo Method

  $343,675

• Alternative Use

  Use

  Valuation

  Residential

  $562,305

  Hospitality

  $515,068

  Educational

  $428,531

  Medical

  $443,269

  Retail

  $666,603

Location Insight

City

Pine City

County

Pine

State

Minnesota

Latitude

45.9027

Longitude

-92.8529

Property Tax & Assessments

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