Crosslake, MN 56442
Price: $1,295,000
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.
Basic Features:
Type | Commercial Sale |
---|---|
Zoning | Business/Commercial |
Year Built | 1964 |
School District | Pequot Lakes |
County | Crow Wing |
Lot Size | 178 x 278 x 24 x 325 x 162 |
Acreage | 1.86 acres |
Lot Description | Accessible Shoreline,Corner Lot,Irregular Lot,Tree Coverage - Heavy,Underground Utilities |
Number of Units | 1 |
Lake Name | Pine River |
Water Frontage | 178 ft |
Tax $ / Year | $4,832 / 2024 |
Tax ID | |
Legal Description |
Includes:
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,Building,Business Assets,Business,Fixture/Equipm...
Government Programs | |
---|---|
Section | 21 |
Terrain Type | |
Roads | County Road,Paved Streets |
Basement | Block,Daylight/Lookout Windows,8 ft+ Pour,Finished,Owner Access,Partially Finished,Storage Space,Sump Pump,Walkout |
Cooling | Central Air,Ductless Mini-Split,Window Unit(s) |
Driveway | |
Exterior Features | Cedar,Fiber Board |
Foundation | 4310.00 |
Fuel Source | Electric,Natural Gas |
Handicap Access | Fully Wheelchair,Grab Bars In Bathroom,Wheelchair Ramp(s) |
Heating | Baseboard,Boiler,Ductless Mini-Split,Fireplace(s) |
Roof | Age Over 8 Years,Metal,Pitched |
Sewer Service | City Sewer/Connected |
Water Service | Submersible - 4 Inch,Drilled,Private,Well |
Water Heater | |
Parking Lot | Gravel,Parking Lot,Open |
Exterior Construction | |
Utilities | Electric Common,Heating Common,Hot Water Common |
Laundry | N |