35322 County Road 3, Crosslake, MN 56442 – 6600987

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Midwest Waterfront

waterfront@hhgus.com +1(612) 502-7653

$1,295,000

Est. payment - /mo

1.86 Acres Lot

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UPDATED:

09/13/2024 04:31 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6600987

Year Built 1964

Annual Tax Amount $4,832

Tax Year 2024

Contingent None

Lot Size 1.860 Acres

Acres 1.86

Lot Dimensions 178 x 278 x 24 x 325 x 162

Property Description

The Riverside Inn, a local favorite, is up for sale after being owned and operated by the same family since 1978. This well-known family restaurant is a legacy property located in the heart of Crosslake on a large 1.86-acre commercial lot, with 325 feet of prime frontage on County Road 3, 178 feet of frontage on the Pine River, beautiful flower gardens, and a fish pond. The Riverside Inn features a cozy Up North supper club dining atmosphere with a floor-to-ceiling stone fireplace and a back deck offering panoramic views of the Pine River, attracting lifelong customers. This restaurant can accommodate up to 120 people, making it perfect for hosting special events such as weddings, parties, or community group gatherings. Furthermore, there are bocce courts available for organizing tournaments. The property also includes an on-site liquor store and offers tubing down the Pine River as an additional revenue stream. Additionally, there is a lower-level 3-bedroom, 1-bathroom apartment that can be utilized as living space for owners or staff, or it could be rented out. Location is crucial for a commercial business, and the Riverside Inn benefits from its proximity to the Corp of Engineers Campground docks on Cross Lake of the Whitefish Chain, making it easily accessible to boaters looking for a meal. This restaurant is close to many other well-established businesses on the main drag of County Road 3 and Crosslake Town Square, making it a convenient stop for patrons. This turn-key restaurant has an existing client base that has consistently grown over time. Everything is in place for a new owner to take over and build upon the established success.

Location

State MN

County Crow Wing

Zoning Business/Commercial

Body of Water Pine River

Rooms

Basement Block, Daylight/Lookout Windows, 8 ft+ Pour, Finished, Owner Access, Partially Finished, Storage Space, Sump Pump, Walkout

Kitchen Cookware/Utensils, Prep Station, Refrigerator, Shelving and Racks, Walk-In Cooler/Freezer, Dishwasher, Freezer, Fryer, Grill, Ice Machine, Oven, Pre-Piped Fire Suppression System

Interior

Heating Baseboard, Boiler, Ductless Mini-Split, Fireplace(s)

Cooling Central Air, Ductless Mini-Split, Window Unit(s)

Inclusions Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License

Fireplace No

Appliance Air-To-Air Exchanger, Cooktop, Dishwasher, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Water Filtration System, Indoor Grill, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Exterior

Parking Features Gravel, Parking Lot, Open

Utilities Available Electric Common, Heating Common, Hot Water Common

Waterfront Description River Front,River View

View East, Panoramic, River

Roof Type Age Over 8 Years,Metal,Pitched

Present Use Food Service,Restaurant,Bar/Tavern

Building

Lot Description Accessible Shoreline, Corner Lot, Irregular Lot, Tree Coverage - Heavy, Underground Utilities

Story One

Foundation 4310

Sewer City Sewer/Connected

Water Submersible - 4 Inch, Drilled, Private, Well

Level or Stories One

Structure Type Cedar,Fiber Board

Schools

School District Pequot Lakes

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Listed by Mike O'Connell • Larson Group Real Estate/Kelle

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Midwest Waterfront

+1(612) 502-7653

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