$259,000
$275,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 03/17/2023
Key Details
Sold Price $259,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Silver Bay 04 Div
MLS Listing ID 6316994
Sold Date 03/17/23
Year Built 1968
Annual Tax Amount $3,622
Tax Year 2022
Contingent None
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 80x150
Property Description
A well-known, established business for sale in high-traffic Silver Bay! Take the opportunity in the off-season to get this business ready for that heavy tourism traffic coming in the spring. Steady and heavy hotel and campground customer base in addition to residential. Being closed for the season will allow you to update and learn the systems in place. The building’s main floor is currently used as a pizza shop that also sells ice cream. Proven success dating back to its previous history as a Dairy Queen. The upstairs is a 2-bedroom apartment with an inside staircase. The apartment is livable but could be updated and used as passive rental income. A great opportunity for an employee to reside as well.The basement has 8-foot ceilings and is partially used for storage. With a little bit of re-tooling, this space could also be used for creative passive cash flow. (Potential yoga studio, office space, of artist studio are just a few ideas to get you started.)
Location
State MN
County Lake
Zoning Business/Commercial
Interior
Heating Baseboard, Boiler
Fireplace No
Exterior
Garage Gravel, Asphalt, Gravel, Paved
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Present Use Food Service,Restaurant
Parking Type Gravel, Asphalt, Gravel, Paved
Building
Foundation 1440
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Wood Siding
Schools
School District Lake Superior
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