Silver Bay, MN 55614,96 Outer DR
Silver Bay, MN 55614,96 Outer DR
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$259,000

$275,000

5.8%
Est.Price: ?

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Est. payment /mo

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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Listed by Joseph Will • RE/MAX Advantage Plus
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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