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For Sale:  Park Rapids MLS# 6630601

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Active
$575,000
/mo Edit
Commercial:  1 Story
Built 1988
4.56 acres
Park Rapids schools
MLS# 6630601
763-576-8286
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    Property Description

    A fantastic opportunity to own a restaurant & bar in the growing city of Park Rapids MN. The Silver Star Saloon & Eatery features a cozy Northwoods rustic ambiance. It offers 76 restaurant seats, 25 bar seats, and an outdoor patio with 34 seats and a volleyball court. Sale includes fixtures/equipment. Additional highlights include fireplace, ample parking & salad bar station. Recent improvements include remodeled entry, new flooring in entry and bar, new bar, and new tables, chairs, & light fixtures. The back patio deck now has an added cement slab with fencing, creating more seating space. Also includes an extra building 32’6” x 73’ (former radiator shop) with plans to convert to an event center. The building includes partially finished living quarters. With power on Hwy 34, there’s potential to add a business sign for more visibility. An excellent opportunity for the right buyer to step in and capitalize on the potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $575,000
    Property Type: Commercial
    City: Park Rapids
    County: Hubbard
    Year Built: 1988
    State: MN
    Property Style: 1 Story
    Zip Code: 56470

    Interior

    Basement Details: None

    Exterior

    Stories: One
    Other Parking Spaces: 100
    Air Conditioning: Central Air
    Foundation Size: 5,790 ft2
    Foundation Dimensions: 69 x 83
    Handicap Accessible: Doors 36"+, Fully Wheelchair, Hallways 42"+, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System:
    • Fireplace(s)
    • Forced Air
    • Other
    Parking Features:
    • Gravel
    • Open
    • Parking Lot
    Road Frontage:
    • Paved Streets
    • Township
    Exterior Material: Log
    Roof Details: Asphalt

    Lot & Land

    Acres: 4.56
    Geolocation: 46.923527, -95.017251
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Land
    Lot Dimensions: 459 x 217 IRR
    Addl Parcels: 321904800, 321904300
    Zoning: Business/Commercial
    Lot Description:
    • Irregular Lot
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 309
    District Phone: 218-237-6500

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $8,169
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $9,930

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Bar/Tavern
    • Food Service
    • Restaurant
    Fuel System:
    • Pellet
    • Propane
    Sewer System:
    • Private Sewer
    • Tank with Drainage Field
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System:
    • Drilled
    • Well

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Crown Realtors.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.