$550,000

102 Highway 2 E, Floodwood, MN 55736


102 Highway 2 E Floodwood, MN 55736

For Sale MLS# 6221437

8,425 sq ft Commercial

Data current as of {{getLocalTime('2022-06-29T15:01:12Z')}}

Details for 102 Highway 2 E

MLS# 6221437

Description for 102 Highway 2 E, Floodwood, MN, 55736


Welcome to Savanna Portage Bar, Restaurant & Event Venue. This awesome staple in the Floodwood business community would be a great investment for anyone looking to be their own boss. Profitable business with well-established clientele. 50 Seat bar area, 24x20 outdoor deck area seats 24, 72 seat dining area and a second bar/venue in lower level that seats 100 and opens up to the E side of property with sand volleyball court. Clients love the "Up North" feel, the welcoming environment and the establishment is centrally located between Duluth, Grand Rapids, Hibbing & McGregor. With all of the extra space, it is an excellent meeting place for business gatherings, weddings, celebrations of life, birthdays, retirement parties, etc... See supplements for all of the updates to the mechanicals of the building and business (too many to list here). Beautiful log siding/metal roof and overall atmosphere. Don't miss this once in a lifetime opportunity.

Listing Information


Property Type: Commercial, Business Opportunity

Status: Active

Lot Size: 0.58 Acres

Square Feet: 8,425 sq ft

Year Built: 2005

Foundation: 4,392 sq ft

Garage: No

Stories: 1

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Savanna Add To Floodwood

Builder:

Foundation:

Total Units: 1

Current Use: Restaurant

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: St. Louis

Days On Market: 8

HERS Score:

Construction Status: Previously Owned

School Information


District: 698 - Floodwood

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Basement: Full, Walkout, Finished (Livable), Concrete Block, Storage Space, Owner Access

Accessibility: Wheelchair Ramp

Additional Interior Features: 220 Volt

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: None Available

Other Utilities:

Cooling: Central

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Spaces: 75

Parking Description: Paved Lot

Exterior: Wood, Log Siding, Brick/Stone

Roof: Metal

Lot View:

Lot Dimensions: 325x199x253

Farm Type:

Crop Type:

Zoning: Business/Commercial

Fence: Chain Link

Additional Exterior/Lot Features: Irregular Lot, Land Inclusions - Building,Business,Business Assets,Fixture/Equipment,Inventory,Land,Liquor License, Road Frontage - US Highway

Soil Type:

Tillable Acres:

Driving Directions


.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Annual Income: $487,172

Annual Expense: $116,400

Ownership Type:

Tax/Property ID: 125003001750

Tax Amount: $18,346

Tax Year: 2022

HomeStead Description: Non-Homesteaded

Price Changes


$550,000 Original Price
$550,000 Current Price
+$0 Total Change
Date Price Change
6/21/2022 09:39 AM $550,000

Sales History

Date Price Change
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Tax Summary

Tax Year Estimated Market Value Taxable Market Value Total Tax
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Schools nearby 102 Highway 2 E

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings