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102 Highway 2 E

Floodwood, MN 55736
  • $550,000
  • STATUS: Active
  • ON SITE: 162 Days
  • ID#: 6221437
UPDATED: 30 min ago
$550,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,425
    SQFT
  • $65
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2005
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Re/Max Advantage Plus.

Description

Welcome to Savanna Portage Bar, Restaurant & Event Venue. This awesome staple in the Floodwood business community would be a great investment for anyone looking to be their own boss. Profitable business with well-established clientele. 50 Seat bar area, 24x20 outdoor deck area seats 24, 72 seat dining area and a second bar/venue in lower level that seats 100 and opens up to the E side of property with sand volleyball court. Clients love the "Up North" feel, the welcoming environment and the establishment is centrally located between Duluth, Grand Rapids, Hibbing & McGregor. With all of the extra space, it is an excellent meeting place for business gatherings, weddings, celebrations of life, birthdays, retirement parties, etc... See supplements for all of the updates to the mechanicals of the building and business (too many to list here). Beautiful log siding/metal roof and overall atmosphere. Don't miss this once in a lifetime opportunity.

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IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Michael Kaslow Team | Keller Williams Integrity Lakes are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Michael Kaslow Team | Keller Williams Integrity Lakes is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Michael Kaslow Team | Keller Williams Integrity Lakes, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-12-01T19:22:14.033.

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102 Highway 2 E Floodwood, MN 55736

  • Price: $550,000
  • Status: Active
  • On Site: 162 Days
  • Updated: 30 min ago
  • ID#: 6221437
0
Beds
0
Baths
0
½ Baths
0.58
Acres
8,425
SQFT
$65
$/SQFT
2005
Built
Neighborhood:
Savanna Add To Floodwood
County:
St. Louis
School District:
698 - Floodwood
Property Description
Welcome to Savanna Portage Bar, Restaurant & Event Venue. This awesome staple in the Floodwood business community would be a great investment for anyone looking to be their own boss. Profitable business with well-established clientele. 50 Seat bar area, 24x20 outdoor deck area seats 24, 72 seat dining area and a second bar/venue in lower level that seats 100 and opens up to the E side of property with sand volleyball court. Clients love the "Up North" feel, the welcoming environment and the establishment is centrally located between Duluth, Grand Rapids, Hibbing & McGregor. With all of the extra space, it is an excellent meeting place for business gatherings, weddings, celebrations of life, birthdays, retirement parties, etc... See supplements for all of the updates to the mechanicals of the building and business (too many to list here). Beautiful log siding/metal roof and overall atmosphere. Don't miss this once in a lifetime opportunity.
Exterior Features

Construction Materials Brick/StoneLog SidingWood Siding Foundation Area 4392 Foundation Dimensions 90X44 Levels One Lot Features Irregular Lot Lot Size Dimensions 325X199x253 Parking Features Paved Parking Open 75 Road Frontage Type Highway Roof Metal

Interior Features

Basement BlockFinishedFullOwner AccessStorage SpaceWalkout Cooling Central Air Heating Forced Air Refrigerator Num Six Or More

Property Features

Accessibility Features Wheelchair Ramp(S) Additional Parcels YN No Assessment Pending No Contingency None Current Use Restaurant Electric Expense 13200 Expenses 116400.0000 Foreclosure Status No Fuel Natural Gas Fuel Expense 8160 Gross Income 487172 Inclusions BuildingBusiness AssetsBusinessFixture/EquipmentInventoryLandLiquor License Internet Options CableFiber OpticSatellite Land Lease Amount 0 Lender Owned No Manager Expense 0 Net Operating Income 370772 Operating Expense 116400 Postal City Floodwood Potential Short Sale No Property Sub Type Business Rental License YN No Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 18346 Tax With Assessments 18346.0000 Tax Year 2022 Trash Expense 2700 Utilities None Water Sewer Expense 1200 Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Re/Max Advantage Plus: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Michael Kaslow Team | Keller Williams Integrity Lakes are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Michael Kaslow Team | Keller Williams Integrity Lakes is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Michael Kaslow Team | Keller Williams Integrity Lakes, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-12-01T19:22:14.033.

Click here for Digital Millennium Copyright Act
 
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The Michael Kaslow Team | Keller Williams Integrity Lakes
5315 Lyndale Avenue S Suite B
Minneapolis MN, 55419
NorthstarMLS] logo Listing courtesy of Re/Max Advantage Plus.