$475,000

125 Main Street E

New Prague MN, 56071

Description

This is a multipurpose Main Street building with attached 5900 sq. ft parking lot + street access that was remodeled and updated to be compliant with ADA and MN Health Department standards as a functioning sports bar with a remodeled upper-level apartment that has a $1300 monthly lease. Improvements include new roof, new plumbing, new roof-mounted Heating/AC unit, restroom updates, new flooring, new ceiling + wall surfaces, LED electric updates. There is an additional 12 x 17 space that can be converted to a kitchen in the sports bar or can be a tenant as an office, salon, or retail. The existing fixtures in the bar can easily be removed to create an open space for a build-out to new owner needs.Current business is available under a separate purchase contract with an additional $1500 a month from a charitable gambling contract. Business is operating successfully even with COVID. Turnkey, and can be turned over without a break in cash flow with positive growth potential.

Details

MLS#5641348
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site185

Features

Units3

Market Activity 56071

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Area Information
StateMN
CountyScott
CityNew Prague
Zip Code56071
Listing VS Median (in 56071)
Price:
$475,000
low | high
Med:
$265,000
94.210526315789% of Average
On Site:
185
low | high
Med:
115
100% of Average
Listing Updated: February 12, 2021 4:49:27 PM PST
Rodney D. Tietz LogoMLS Number: 5641348
Listing Provided By:
Rodney D. Tietz  of  True Life Real Estate Solution

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