209 2Nd Street, Bovey, MN

Name: 209 2Nd Street, For Sale in Bovey - Zoocasa
Brand: RE/MAX Results
SKU: 7162218
Price: 269900 USD

House

For Sale

Listed price in listed location currency (USD).

$269,900

002

MLS® 7162218

Overview

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage Yes

Taxes $2,693

Days Active 2

Lot Size 0.32 Acres

Approx. Age 1920

MLS® Number 7162218

Property Address: 209 2nd Street, Bovey, MN, 55709

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional Turnkey Bar & Entertainment Business with Income-Producing Apartments An exceptional commercial turnkey opportunity! Following the forfeiture of a previous contract for deed, the sellers have repossessed the property and completed extensive cosmetic and operational upgrades throughout the establishment. Community support has been overwhelming, with patrons welcoming the owners back and contributing to a substantial increase in daily revenue. Business & Revenue Highlights Established Entertainment Destination: Successfully hosts weekly dart and pool tournaments, live band performances, birthday parties, and baby showers. The business also plans to introduce meat raffles and bingo events, creating additional opportunities to attract patrons, increase traffic, and grow revenue. Multiple Revenue Streams: In addition to food and beverage sales, the establishment offers pull tabs and electronic pull tabs (e-tabs) to its patrons, providing an additional source of business income and enhancing the overall entertainment experience. Food & Beverage Operations: Currently serving pizza and light food items, with significant potential to expand the menu and increase sales. Value-Add Kitchen Opportunity: Features a designated kitchen area currently plumbed with a sink, offering excellent potential for expanded food service. Buyers interested in developing a more extensive menu are encouraged to consult local city and health officials regarding licensing, equipment, and layout requirements for commercial food preparation. This space offers an opportunity to tailor food service to a buyer’s vision. Immediate Rental Income: Includes two fully leased, income-producing residential apartments on-site, providing an additional revenue stream alongside the bar and entertainment business. Growth Potential: With established community support, multiple entertainment offerings, food and beverage sales, pull-tab and e-tab income, and residential rental revenue, this property presents an exciting opportunity for an owner-operator or investor to build on an established business and explore additional revenue opportunities.

MLS® Number7162218

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1920

Basement

DrivewayDetached Garage, Gravel, Parking Lot

Garage Spaces

HeatBoiler, Forced Air, Radiator

A/CNone

Extras

Building, Business, Fixture/Equipment, Inventory, Leases

Map

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