$4,500,000
Minneapolis, MN 55415
MLS# 7001191
1 / 56
Property Description
The Iconic former Psycho Suzi’s Restaurant can and should be yours! This premier direct Mississippi River waterfront real estate, restaurant and bar offers one of the most dynamic hospitality settings available not only in the Twin Cities but throughout the entire region. This fully built-out main-level restaurant features a large indoor/outdoor bar, a spacious and recently overhauled commercial kitchen, brand new multi-zone HVAC system in a building with 18 tap lines, multiple walk-ins, and multiple restroom oasis, making it ideal for high-volume service. With indoor seating capacity at 650+ and an additional 300+ seats on the expansive waterfront patio/deck, this property delivers exceptional scale and opportunity. Own where guests enjoyed a unique outdoor check-the-box experience highlighted by a multi-level deck, gas-powered fire torches, and panoramic water views from every level. The site also includes 80 on-site parking spaces and a huge pole sign with a marquee, offering excellent visibility and accessibility. Perfect for operators seeking a high-profile, high-capacity waterfront destination of varying degrees, Psycho Suzi’s stands out as a rare ownership home run opportunity in the market. This great property is also available for lease. Floor 1 where the kitchen is located can be leased for $19,000 a month with the tenant also being responsible for utilities & expenses.
Details
Maps
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $4,500,000
Contingency: None
ListPrice: 4500000
List Date: 2025-12-18
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 80
Waterfront Present: Yes
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 238x257x239x257
Acres: 1.44
Lake/Waterfront Name: Mississippi River
Foundation Size: 15320
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: AUDITOR'S SUBD. NO. 034 THAT PART OF LOT 18 LYING S OF THE N 65 FT THOF AND THAT PART OF LOT 19 LYING N OF THE S 80 FT THOF
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
DNR Lake Classification: Not Applicable
Property ID Number: 1002924440005
Tax Year: 2025
Tax Amount: 0
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: The Iconic former Psycho Suzi’s Restaurant can and should be yours! This premier direct Mississippi River waterfront real estate, restaurant and bar offers one of the most dynamic hospitality settings available not only in the Twin Cities but throughout the entire region. This fully built-out main-level restaurant features a large indoor/outdoor bar, a spacious and recently overhauled commercial kitchen, brand new multi-zone HVAC system in a building with 18 tap lines, multiple walk-ins, and multiple restroom oasis, making it ideal for high-volume service. With indoor seating capacity at 650+ and an additional 300+ seats on the expansive waterfront patio/deck, this property delivers exceptional scale and opportunity. Own where guests enjoyed a unique outdoor check-the-box experience highlighted by a multi-level deck, gas-powered fire torches, and panoramic water views from every level. The site also includes 80 on-site parking spaces and a huge pole sign with a marquee, offering excellent visibility and accessibility. Perfect for operators seeking a high-profile, high-capacity waterfront destination of varying degrees, Psycho Suzi’s stands out as a rare ownership home run opportunity in the market. This great property is also available for lease. Floor 1 where the kitchen is located can be leased for $19,000 a month with the tenant also being responsible for utilities & expenses.
Directions: Follow I-94 W to N Washington Ave in Minneapolis. Take exit 229 from I-94 W Continue on N Washington Ave.
Drive to Great River Rd/Marshall St NE 5 min (1.7 mi) Use the left 2 lanes to turn left onto N Washington Ave.
Turn right onto Lowry Ave N 0.5 mi, Turn right onto Great River Rd/Marshall St NE.
Accessible
Wheelchair Ramp: 1
Additional Parcels Information
Property ID #2: 1002924440006
Assessments
Assessment Balance: 0
Tax With Assessments: 0
Building Information
Building Finished SqFt: 15320
Construction Status
Previously Owned: 1
Exterior
Wood: 1
Foundation
Concrete Perimeter: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lake Details
Lake Depth: 0
Lake/Waterfront
River Front: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Public Survey Info
Range#: 24
Section#: 10
Township#: 29
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Unit Details
Total Units: 1
Water
City Water/Connected: 1
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Separate: 1
CMU Style
Freestanding: 1
Current Use
Restaurant: 1
Location Tax and Other Information
House Number: 1900
Street Name: Marshall
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55415
Complex/Dev/Subdivision: Auditors Sub 034
Property Features
Accessible: Wheelchair Ramp
CMU Style: Freestanding
Construction Status: Previously Owned
Current Use: Restaurant
Exterior: Wood
Foundation: Concrete Perimeter
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Parking Lot
Sewer: City Sewer/Connected
Water: City Water/Connected
Flyer.pdf 
Listing Office: RE/MAX Advantage Plus
Last Updated: May - 01 - 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.