Share This Listing

Message

953 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Boathouse 406 9th St NE 4,564 SF Retail Building Waseca, MN 56093 $942,246 CAD ($206.45 CAD/SF)

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Owner User
Sale Conditions
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,564 SF
Building Class
C
Year Built/Renovated
1908/2006
Price
$942,246 CAD
Price Per SF
$206.45 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.21 AC

ABOUT 406 9TH ST NE , WASECA, MN 56093

Main floor features a commercial kitchen, the walk-in coolers and freezer are located downstairs, and there are two bars – one upstairs and one downstairs. Completely Remodeled in 2006. 185 capacity Street Parking .2 acres 130 ft. of lakeshore Ground Lease with the city: $2,300 annually

NEARBY MAJOR RETAILERS

Snap Fitness 24/7
Wells Fargo Home Mortgage
Anytime Fitness
Jazzercise
Cash Wise

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17.900.0040
Land Assessment
$183,252 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$183,252 CAD (2024)
  • Listing ID: 28567675

  • Date on Market: 2023-05-24

  • Last Updated:

  • Address: 406 9th St NE, Waseca, MN 56093

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}