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Restaurant w/ Apartments

Listed by Tim Miller

FOR SALE: RESTAURANT & APTS: MAIN ST, PIERZ

Property Description: Affordable investment opportunity in the heart of Downtown Pierz. The Pioneer Restaurant has been serving locals and tourists alike over the years with fantastic food for breakfast and lunch service, along with excellent customer service. The upper level has five apartments, adding additional income for an investor/owner. This prime downtown location has easy access, great visibility and high traffic counts while also being conveniently located within walking distance of many other businesses, parks, schools and more - making it an ideal location for the upstairs renters as well.

Listing Details

mls: 4969740
CC File #: 1490
Type of Business: Breakfast & Lunch Restaurant
Address: 223 Main Street N
City: Pierz
State: MN
Zip: 56364
Zoning: C-2 Highway Commercial
PID#: 42-0204-000
Legal Description: S 1/2 Lot 5, Block 1 Bergerhausen's Add
Lot Size : Acres: 0.17
Lot Size : Sq.Ft.: 7424
Lot Dimensions: 32' x 232'
Building Size : Total Sq. Ft.: 5,720
Building Size : Main Level Sq. Ft.: 3,200
Building Size : Upper Level Sq. Ft.: 2,520
Sale Price: $249,900.00
Price Note: Purchase Price is $249,900 + Inventory

Property Features & Assets: Main Level Restaurant is 3,200 SF. Upper Level Apartments are 2,520 SF. There are 2 (2-Bdrm) Apts w/ Kitchens & 3 (1-Bdrm) Efficiency Apts.

Property Features

Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Main Level: Central Air - Electric Roof Top Unit; Apartments: Electric Wall Units
Electric : Amps: 2 (200) Amp Panels
Electric : Phase: Three
Lighting: Fluorescent
Year Built: 1958
Construction: Wood Frame
Foundation: Concrete
Roof: Asphalt Shingles & Metal
Exterior: Manufactured Half Log Siding, Steel Siding & Concrete Block
Traffic Counts: 2,700 - 4,600 on Main Street NE and 1,550 on 3rd Ave
Property Tax Year: 2018
Annual Property Tax: $2,730.00
Ceiling Height: 8' - 9'
Floor Drains: 4
Bathrooms: 1 (Main Level); 5 (Apartments)
High-Speed Internet: Yes
Parking Spaces: 20 Gravel & 4 Paved Asphalt
Road Frontage: Approx. 32' on Main Street N
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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.