205 1st St SW - Restaurant FOR SALE


Glyndon, MN 56547
$525,000 USD
701-306-8303
205 1st St SW, Glyndon, MN for Sale
$525,000 USD
Restaurant - FOR SALE
1/50
null | 14.67% Cap Rate

205 1st St SW
Glyndon, MN 56547


HIGHLIGHTS

  • Open floor plan
  • Recent renovations
  • Natural character
  • New roof
  • Prime location

OVERVIEW

Own a turnkey, established bar & grill; building, business, and liquor license included in a high visibility spot on the Highway 10 corridor, the natural midpoint between the Fargo-Moorhead metro and Minnesota's lakes country. This is not a shell or a start-from-scratch project. It is a fully operating hospitality business that has served the community since 1998, conveying complete with the real estate, all furniture, fixtures and equipment, inventory, and — most importantly — a transferable Minnesota liquor license, one of the hardest and most valuable assets to secure in this business. The commercial kitchen is fully built out: walk-in cooler and freezer, pre-piped fire suppression, grill, fryer, flat-top, prep stations, three refrigerators, ice machine, and full small wares — a six-figure buildout already in place. A new roof (under eight years) and a complete 2024 interior and exterior renovation mean the capital-heavy work is done. Guests are welcomed by a comfortable dining room and covered patio, with roughly 100 paved parking spaces on a full one-acre parcel. Ideal for a regional operator adding a location, a first-time owner-operator ready to own their own place, or an investor seeking an income-producing asset with real estate. Detailed financials available upon a simple confidentiality agreement. Serious, qualified inquiries welcomed — confidentiality respected throughout.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

14.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Morty's Bar & Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C1 - Commercial

APN/PARCEL ID

55-475-0020,55-900-0240

ASK ABOUT THIS PROPERTY

Katherine KiernanAspire RealtyMore Info
701-306-8303

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Katherine KiernanAspire RealtyMore Info
701-306-8303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.