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PRICE REDUCED! The Old Waterfall

Listed by Chris Close


Property Description: PRICE REDUCED TO $349,000 FROM $379,000! The Old Waterfall is a prime commercial location on Hwy 371, just north of Brainerd International Raceway (BIR). This lakes area bar/restaurant has been entertaining and feeding the masses for decades with live bands, drinks and food. Facility consists of a large horseshoe bar with high-top and low-top bar/dining seating, plus a side room with a private bar, dance floor and stage, ideal for receptions and banquets. The property also contains a kitchen along with an outdoor smoking shelter, storage shed and a gorgeous courtyard with a rock waterfall feature. Numerous opportunities exist to revive this location with your business concept. Enjoy prime frontage, easy access and high traffic counts today!

Listing Details

mls: 4882328
CC File #: 1463
Type of Business: Bar & Restaurant
Address: 18512 Hwy 371 N
City: Brainerd
State: MN
Zip: 56401
Zoning: Commercial District 2
PID#: 980141303EA0009
Legal Description: TRACT A of Part of the S1/2-SE1/4-NE1/4, Part of the N1/2-SE1/4- NE1/4 and Part of Government Lot 3, Section 14, Township 134, Range 29, Crow Wing County - See Brochure for full Legal & Easement.
Lot Size : Acres: 1.92
Lot Dimensions: 449.84' x 347.46' x 82.54' x 45' x 200' x 45' x 125.43' x 33.89'
Building Size : Total Sq. Ft.: 8,796
Building Size : Main Level Sq. Ft.: 8,796
Sale Price: $349,000.00
Original Price: $379,000.00
Price Note: PRICE REDUCED TO $349,000 FROM $379,000! Price Includes Land, Buildings and all Furniture, Fixtures & Equipment.

Directions: From Hwy 371/210 intersection in Baxter - North on Hwy 371 - Subject Property is located approx. 1,860' north of the entrance gates to Brainerd International Raceway (BIR) on the east side of Hwy 371
Property Features & Assets: Bar/Restaurant is 8,220 SF. Smoke Shelter is 576 SF (24'x24'). Shed is 160 SF (16'x10').

Property Features

Water: Well
Sewer: Septic
Heating: Natural Gas Forced Air
Cooling: Central Air - Electric Ground Units
Electric : Amps: 2 (100-Amp) Panels & 1 (200 Amp) Panel
Lighting: Fluorescent
Year Built: Bar/Restaurant: 1970; Smoke Shelter: 2010; Shed: 2000
Construction: Concrete Block & Wood Frame
Foundation: Concrete
Roof: Asphalt Shingles & Wood Shakes
Exterior: Vinyl Siding
Traffic Counts: 18,500 on Hwy 371 N
Other: Seating Capacity is 100+
Property Tax Year: 2018
Annual Property Tax: $5,616.00
Ceiling Height : Office: 8' & 10' Vaulted
Floor Drains: 5
Bathrooms: 1 Women's Room, 1 Men's Room and 1 Private Staff Restroom
Security: Yes
High-Speed Internet: Yes
Parking Spaces: 70+ Paved Asphalt Spaces
Road Frontage: 449' along Hwy 371
Neighboring Businesses: Businesses along the Hwy 371 corridor include Kubota, Tracker Boat Center, Lakes Area Docks, S&W Bait & Motel, Party Time, Northern Cowboys, Second Time Around, Brainerd Tools & More, North Star Water Wells, Gull Lake Glass, Ferrell Gas, Yard Creations, Brainerd International Raceway, Nitro Square, Versatile Golf Carts, Valley Pools & Spas, GLS, First Supply, ATV Sleds, Haataja Automotive, National Conductor, Side Track, Raceway Square, Pirates, Cove, Billy Bones, plus numerous others.
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Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.