$690,000
Bagley, MN 56621
MLS# 7039376

1 / 84
Property Description
Exceptional Commercial Opportunity | 10,205 SF | Prime Highway 2 Visibility Positioned on a highly visible and well traveled corridor along Highway 2, this beautifully designed 10,205 square foot property presents a rare opportunity to acquire a turnkey restaurant and event venue with exceptional flexibility for future use. Currently configured as an elegant dining establishment, the space features a thoughtfully designed restaurant layout complemented by a warm, inviting bar area and a charming event space. Ideal for private gatherings, celebrations, or expanded hospitality concepts. The ambiance strikes a balance between sophistication and comfort. For those with a broader vision, the property offers significant potential for adaptive reuse. With its strong infrastructure, generous square footage, and functional layout, it could be reimagined as medical or professional office space, a specialty retail destination, or a customized business headquarters tailored to your needs. Investors and owner-users alike will appreciate the ability to strategically demize the building, occupy a portion for your own operations while generating supplemental income by leasing the remaining space. It’s a smart approach that blends operational control with long term cash flow. Situated on a beautifully maintained lot, the property offers ample, well lit parking and excellent access, ensuring convenience for customers, staff, and tenants alike. Its prominent visibility along Highway 2 provides strong exposure and consistent traffic, an invaluable advantage for any business. Opportunities with this level of versatility, presence, and potential are increasingly rare in today’s market. Bring your vision, and transform this property into your next successful venture. Building was gutted and renovated in 2003 with additions. Pavilion was built in 2007. Has six natural gas heating and cooling roof-mounted units. In-floor heat gas boiler system. New septic system in 2023.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $690,000
Contingency: None
ListPrice: 690000
List Date: 2026-03-19
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 50
Owner Occupied: No
Waterfront Present: No
Year Built: 1975
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 250 x 440
Acres: 1.64
Foundation Size: 10205
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Yes
Location, Tax and Other Information
Legal Description: SECTION 25 TOWNSHIP 147 RANGE 038
Listing City: Bagley
Map Page: 999
Municipality: Bagley
School District: Bagley
School District Phone: 218-694-6184
Zip Plus 4: 760
Property ID Number: 170251000
Tax Year: 2025
Tax Amount: 5128
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Exceptional Commercial Opportunity | 10,205 SF | Prime Highway 2 Visibility
Positioned on a highly visible and well traveled corridor along Highway 2, this beautifully designed 10,205 square foot property presents a rare opportunity to acquire a turnkey restaurant and event venue with exceptional flexibility for future use.
Currently configured as an elegant dining establishment, the space features a thoughtfully designed restaurant layout complemented by a warm, inviting bar area and a charming event space. Ideal for private gatherings, celebrations, or expanded hospitality concepts. The ambiance strikes a balance between sophistication and comfort.
For those with a broader vision, the property offers significant potential for adaptive reuse. With its strong infrastructure, generous square footage, and functional layout, it could be reimagined as medical or professional office space, a specialty retail destination, or a customized business headquarters tailored to your needs.
Investors and owner-users alike will appreciate the ability to strategically demize the building, occupy a portion for your own operations while generating supplemental income by leasing the remaining space. It’s a smart approach that blends operational control with long term cash flow.
Situated on a beautifully maintained lot, the property offers ample, well lit parking and excellent access, ensuring convenience for customers, staff, and tenants alike. Its prominent visibility along Highway 2 provides strong exposure and consistent traffic, an invaluable advantage for any business.
Opportunities with this level of versatility, presence, and potential are increasingly rare in today’s market. Bring your vision, and transform this property into your next successful venture.
Building was gutted and renovated in 2003 with additions. Pavilion was built in 2007. Has six natural gas heating and cooling roof-mounted units. In-floor heat gas boiler system. New septic system in 2023.
Directions: West on Highway 2 from Bagley, property located on the north side of the road.
Accessible
Doors 36"+: 1
Fully Wheelchair: 1
Hallways 42"+: 1
No Stairs Internal: 1
Air Conditioning
Central Air: 1
Assessments
Assessment Balance: 0
Assessment Installment: 230
Tax With Assessments: 5358
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 76' x 167'
Building Information
Building Finished SqFt: 10205
Building SqFt: 10205
Construction Materials
Block: 1
Brick: 1
Construction Status
Previously Owned: 1
Exterior
Block: 1
Brick/Stone: 1
Stucco: 1
Foundation
Slab: 1
Other: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Forced Air: 1
In-Floor Heating: 1
Internet Options
Fiber Optic: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Alarms: 1
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Paved Lot: 1
Public Survey Info
Range#: 38
Section#: 25
Township#: 147
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land
Sewer
Private Sewer: 1
Tank with Drainage Field: 1
Stories
One: 1
Unit Details
Total Units: 1
Water
4-Inch Submersible: 1
Drilled: 1
Private: 1
Well: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Business Opportunity: 1
Freestanding: 1
Single Occupancy: 1
Commercial Kitchen Appliances
Cookware/Utensils: 1
Dishwasher: 1
Flat Top: 1
Freezer: 1
Fryer: 1
Grill: 1
Ice Machine: 1
Oven: 1
Pre-Piped Fire Suppression System: 1
Prep Station: 1
Refrigerator: 1
Shelving and Racks: 1
Walk-In Cooler/Freezer: 1
Warming Table: 1
Current Use
Vacant: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Free Standing: 1
Potential Use
Grocery: 1
Income: 1
Lounge/Bar: 1
Professional: 1
Rest/Lounge: 1
Restaurant: 1
Retail: 1
Shop: 1
Location Tax and Other Information
House Number: 16730
Street Name: US 2
Postal City: Bagley
County: Clearwater
State: MN
Zip Code: 56621
Property Features
Accessible: Doors 36"+; Fully Wheelchair; Hallways 42"+; No Stairs Internal
Air Conditioning: Central Air
Assumable Loan: Not Assumable
CMU Style: Business Opportunity; Freestanding; Single Occupancy
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Ice Machine; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer; Warming Table
Construction Materials: Block; Brick
Construction Status: Previously Owned
Current Use: Vacant
Exterior: Block; Brick/Stone; Stucco
Foundation: Slab; Other
Fuel: Natural Gas
Heating: Boiler; Forced Air; In-Floor Heating
Internet Options: Fiber Optic
Loan Terms: Cash; Conventional
Location Description: Free Standing
Miscellaneous Information: Alarms
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot; Paved Lot
Potential Use: Grocery; Income; Lounge/Bar; Professional; Rest/Lounge; Restaurant; Retail; Shop
Sewer: Private Sewer; Tank with Drainage Field
Stories: One
Water: 4-Inch Submersible; Drilled; Private; Well
Listing Office: SJ Commercial Advisors
Last Updated: May - 19 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.