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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.
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
Property Type
Retail
Property Subtype
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
PROPERTY TAXES
| Parcel Number | 17.900.0040 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $183,252 CAD (2024) | Total Assessment | $183,252 CAD (2024) |
PROPERTY TAXES
Parcel Number
17.900.0040
Land Assessment
$183,252 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$183,252 CAD (2024)
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Boathouse | 406 9th St NE
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