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PRICE REDUCED! Northwoods Inne is Ossipee

Listed by Tim Miller

REDUCED: RESTAURANT/BAR: CR 3, OSSIPEE

Property Description: PRICE REDUCED TO $249,000 FROM $275,000! Prime opportunity for an owner/operator to purchase an established restaurant in the Brainerd Lakes Area. The Northwoods Inne is currently rated #1 on Trip Advisor for the Merrifield/Ossipee area. The restaurant boasts a casual "Northwoods" atmosphere which has contributed to its attraction as an excellent option for customers to enjoy quality food in a comfortable setting. With a long standing history and a favorable reputation, a new owner can easily revitalize this tasty stop for all of the locals and tourists alike, traveling the CR 3 corridor.

Listing Details

mls: 4892762
CC File #: 1472
Type of Business: Restaurant & Bar
Address: 26020 CR 3
City: Ossipee
State: MN
Zip: 56465
Zoning: Commercial District 2 (C-2)
PID#: 520064300D00009
Legal Description: That part of SW 1/4 of SE 1/4 Section 6 defined as follows: Begin at SW corner of said SWSE then N 169 ft parallel w/ Section line then E 28 Rods parallel w/ Section line then S 169 ft parallel w/ Section line then W 28 Rods parallel w/ Section line to point of beginning, except the E 100 ft thereof.
Lot Size : Acres: 1.4
Lot Size : Sq.Ft.: 61,178
Lot Dimensions: 169' x 362'
Building Size : Total Sq. Ft.: 3,257
Building Size : Main Level Sq. Ft.: 3,257
Sale Price: $249,000.00
Original Price: $275,000.00
Price Note: PRICE REDUCED TO $249,000 FROM $275,000! Purchase Prices Includes Land, Building, and all Restaurant Furniture, Fixtures & Equipment.

Directions: From the town of Brainerd - North on CR 3 thru the town of Merrifield - Continue North on CR 3 at the Y Store - The Subject Property is located on the northeast corner of the intersection of CR 3 and CR 116 half way between the cities of Brainerd and Crosslake

Property Features

Water: Well
Sewer: Septic
Heating: Natural Gas Forced Air (2 Lennox Gas Furnaces installed in 2007)
Cooling: Central Air plus Two Wall Conditioning Units (2 Lennox 5-ton AC Units installed in 2007)
Electric : Amps: 200
Electric : Phase: Single
Lighting: Incandescent
Year Built: Estimated 1950's
Year Remodeled: Building has undergone significant renovations since its original construction, including a 680 square foot addition in 1989
Construction: Wood Frame
Foundation: Concrete
Roof: Asphalt Shingles (Entire roof was re-shingled in 2007 - Plywood and facia were also replaced as needed at this time)
Exterior: Wood Siding (Entire building body & trim was painted in 2007)
Traffic Counts: 3,350 on CR 3 and 460 on CR 116
Other: Seating Capacity: Approx. 100; Walk-In Coolers: 2
Property Tax Year: 2018
Annual Property Tax: $2,336.00
Ceiling Height: 8'
Floor Drains: 4
Bathrooms: Two public restrooms, One private restroom
Parking Spaces: Total parking can accommodate more than 25+ vehicles on gravel surfaces along the north, west and south sides of the site (the north side is primarily used for employee parking)
Road Frontage: 169' on CR 3 and 362' on CR 116
Neighboring Businesses: Nearby businesses include Valeri Ann's Family Foods, Grandpa's General Store, Midwest Boat Storage, IvyWoodCraft, plus several others along the CR 3 corridor.
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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.