48220 Reserve TrlBemidji, MN 56601

Property Details for 48220 Reserve Trl

Year built

1930

Lot size

9.00 AC

Property size (Sq ft)

3,808 SF

Property type

Turn key restaurants

APN

22.24.00400

APU

222400400

Description

This exceptional 3,664 square foot bar and restaurant, situated on a sprawling 9-acre lot in Hubbard County, just outside Bemidji, Minnesota, presents a unique investment opportunity. A beloved community fixture for years, this property seamlessly blends classic charm with modern functionality. Recent upgrades significantly enhance its operational efficiency and appeal. These improvements include a brand new septic system, a state-of-the-art ice machine, and newly installed condensers for the freezer, roll-top cooler, and salad bar. A new water heater further contributes to the property's updated infrastructure. The property boasts a fully equipped commercial kitchen, ready to handle high-volume service. A large bar and dining area provide ample space for patrons, complemented by an inviting outdoor bar and a spacious patio, ideal for enjoying the beautiful Minnesota landscape. A highlight is the impressive pavilion featuring a screened area, perfect for hosting events and gatherings in a relaxed, outdoor setting. The property's location near trails and lakes offers additional recreational opportunities and enhances its overall desirability. This turnkey operation is offered at $419,900 and represents a rare chance to acquire an established and thriving business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $802,574

  6.5%

  $740,838

  7%

  $687,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $202,135

  Geo Method

  $202,135

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,446,380

  Mixed-Use / Specialty

  $737,520

  Hospitality / Lodging

  $540,214

  Office

  $732,434

  Institutional / Educational

  $766,482

  Residential Income

  $896,784

  Multifamily

  $1,079,310

  Automotive / Energy

  $656,984

  Parking / Income-Based Land

  $227,386

  Restaurant / Food Service

  $382,146

  Healthcare / Senior Housing

  $757,007

Location Insight

City

Bemidji

County

Hubbard

State

Minnesota

Latitude

47.3575

Longitude

-94.9297

Property Tax & Assessments

FAQs

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