101 5th Street N, Walker, MN 56484 - Photo 1

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$590,000

For Sale
Active
Commercial
6,540 Sq. Ft.
0.29 Acres

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Property Description

Seize this rare chance to own a long-term, successful restaurant and bar in a premier location in the heart of Walker, MN! This well-established business has a loyal customer base and a reputation for great food and service. The property features ample parking for guests and is on a busy biking/hiking and snowmobile trail. The sale includes all of the business equipment, menu's, and signs along with four furnished apartments. In addition to the restaurant and bar, the building includes four income-generating apartments upstairs: one spacious 2-bedroom and three comfortable 1-bedroom units, perfect for generating steady rental income. Whether you want to live on-site or rent them out, these apartments offer flexibility and additional revenue streams. With its prime location this opportunity is perfect for entrepreneurs looking to make their mark in the thriving Walker community. Don't miss out on this chance to invest in a business with strong potential for growth and profitability!

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Full Property Details

Full Property Details for 101 5th Street N

General

Price: $590,000
Taxes: $7,550 (2024)
Status: Active
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6587731
Updated: 12/3/2024
Added to Site: 121 day(s) ago

Additional Information

Amenities: City View, Patio, Security System, Tile Floors, Vaulted Ceiling(s)

Parking

Parking Features: On-Street Parking Only

Location

County: Cass
Subdivision: Original
Driving Directions: Downtown Walker

School Information

School District: 113 - Walker-Hackensack-Akeley
High School District: Walker-Hackensack-Akeley

Heating & Cooling

Heating Type: Boiler, Forced Air
Heating Fuel: Electric, Natural Gas, Oil, Propane

Utilities

Sewer: City Sewer Connected
Water: City Water (Connected)
Utility Description: Electric Separate, Heating Common

Structural Information

Exterior Const.: Brick/Stone
Basement: Yes
Basement Desc.: Unfinished
Foundation Size: 3632
Roof: Age Over 8 Years, Rubber
Ceiling Height: 8-10
Disability Access: None
Square Feet: 6,540
Finished Down/Base.: 6,540 Sq. Ft.
Current Bldg. Use: Food Service, Restaurant
Year Built: 1900

Lot Features

Lot Size (Acres): 0.29
Lot Dimensions: 173 x 113 x 25 x 100 x 83
Frontage: City Street, Paved Streets
Zoning: Business/Commercial

Financial Considerations

Tax Amount: $7,550
Tax Year: 2024
Tenant Pays: Electricity
Pays Electric: Tenant Pays

Disclosures and Reports

Legal Description: LOTS 5 THRU 9 BLK 14 & N1/2 OF VAC ALLEY ADJ, PID 96-337-1425
Inclusions: Building, Business Assets, Business, Fixture/Equipment
Property ID: 963371425

Listed by Bill Hansen Realty/Longville

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— 101 5th Street N —

Bill Hansen Realty/Longville

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Schools

Schools serving 101 5th Street N

School District:Walker-Hackensack-Akeley Schl. District

Rating	Name	Grades	Distance
	W.H.A. Elementary School 301 4th St, Walker, MN 56484	PK-6	0.3 mi
	W.H.A. High School 301 4th St, Walker, MN 56484	7-12	0.3 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 101 5th Street N Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/03/2024

Price Reduced

$590,000

-1.67%

MLS

8/27/2024

Listed

$600,000

-4%

MLS

9/20/2022

Sold

$625,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 101 5th Street N

Year

Property Taxes

Change

Tax Assessment

Change

2024

$8,444

3%

$427,100

17%

2021

$8,172

-6%

$366,000

-11%

2023

$8,712

7%

$413,100

18%

2021

$8,172

-7%

$351,500

—

2019

$8,826

-3%

$351,400

—

2018

$9,120

-19%

$351,300

—

2015

$11,306

—

$351,300

100%

2015

$11,306

—

-100%

2015

$11,306

—

$395,100

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 101 5th Street N

12031 State 64, Akeley, MN 56433 - Photo 1

Price Reduced

-$24,999 (-8.33%)

$275,000

12031 State 64 Akeley, MN 56433

Lots/Land
Active
Updated 2 days ago

151.22
Acres

Listed by Woods to Water Real Estate

107 Minnesota Ave E, Walker, MN 56484 - Photo 1

Sold

$535,000

107 Minnesota Ave E Walker, MN 56484

Business
Closed

5,233
Sq. Ft.
1.56
Acres

Listed by Bill Hansen Realty/Walker
Sold by HomeSmart Sapphire Realty

8880 Kabekona Ridge Dr NW, Walker, MN 56484 - Photo 1

Sold

$635,000

8880 Kabekona Ridge Dr NW Walker, MN 56484

Single Family
Closed

4
Beds
4
Total Baths
2,280
Sq. Ft.

Listed by Cedar Point Realty -Walker
Sold by Heartland Real Estate

8900 Kabekona Ridge Dr NW, Walker, MN 56484 - Photo 1

Sold

$600,000

8900 Kabekona Ridge Dr NW Walker, MN 56484

Single Family
Closed

3
Beds
3
Total Baths
2,576
Sq. Ft.

Listed by Bill Hansen Realty/Walker
Sold by Cedar Point Realty -Walker

32683 Lilypad Landing Dr, Walker, MN 56484 - Photo 1

Sold

$630,000

32683 Lilypad Landing Dr Walker, MN 56484

Single Family
Closed

4
Beds
3
Total Baths
2,612
Sq. Ft.

Listed by Bill Hansen Realty/Longville
Sold by Bill Hansen Realty/Walker

101 5th Street N, Walker, MN 56484 (MLS# 6587731) is a Commercial property. 101 5th Street N is currently listed for $590,000 and was received on August 27, 2024. Want to learn more about 101 5th Street N? Do you have questions about finding other Commercial real estate for sale in Walker? You can browse all Walker real estate or contact a Coldwell Banker agent to request more information.

101 5th Street N Walker, MN 56484