406 9th St NE - Restaurant FOR SALE


Waseca, MN 56093
$675,000 USD
763-999-1285
406 9th St NE, Waseca, MN for Sale
$675,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

406 9th St NE
Waseca, MN 56093


HIGHLIGHTS

  • 130 ft Lakeshore
  • Turnkey Grill & Bar
  • Dock access

OVERVIEW

Historic Neighborhood Boathouse Turned Lakefront Restaurant-Bar – A True Destination For Lease/Sale: Iconic Lakefront Restaurant-Bar | 2 Levels, Boat Slips, Neighborhood Setting Turnkey Opportunity | Full-Service Restaurant & Bar | 17-Year Legacy on the Lake Now offered at a reduced price, this well-established, full-service American grill and bar presents an exceptional turnkey opportunity for restaurateurs or investors. The city is now fully on board with selling the real estate, making this an even more attractive long-term investment opportunity. Situated in a peaceful residential neighborhood with stunning lakeshore views, the business enjoys a loyal customer base, trained staff, and a long-standing reputation for quality and hospitality. HIGHLIGHTS Prime Lakeside Location: Located directly on the shore, this restaurant is a popular destination for both locals and tourists. 22 Boat Slips Included: Valued at approximately $90,000, the slips attract boaters all summer long and add tremendous seasonal value. Efficient & Spacious Layout: The interior is thoughtfully designed with ample seating, tasteful décor, and a well-equipped full-service kitchen and bar. Outdoor Seating: The lakeside patio is a major draw during warmer months, offering a scenic and relaxing dining experience. Established for 17 Years: A cherished community staple, known for its friendly, family-oriented atmosphere. Menu Favorites: Signature cocktails and a crowd-pleasing menu featuring steak, walleye, ribs, pasta, burgers, sandwiches/wraps, baskets, flatbreads, a full salad bar, and Sunday breakfast. This is more than just a restaurant—it’s a destination. With the city now supporting the sale of the real estate, this property offers an unmatched combination of location, legacy, and long-term ownership potential.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Boathouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

17.900.0040

ASK ABOUT THIS PROPERTY

Dan McGuireHSC Business BrokersMore Info
763-999-1285

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Dan McGuireHSC Business BrokersMore Info
763-999-1285

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