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East Grand Forks Bar / Restaurant / Event 1009 Central Ave NW 16,883 SF Retail Building East Grand Forks, MN 56721 $985,000 ($58.34/SF)
INVESTMENT HIGHLIGHTS
- Fully equipped with commercial kitchen infrastructure, bar setup, and optional FF&E package for immediate operational value
- Located along a well-traveled East Grand Forks route with strong daily traffic and excellent exposure
- Ideal for restaurant concepts, breweries, entertainment venues, banquet/event centers, or hybrid hospitality models
- Flexible layout with multiple dining areas, a full-service bar, private event spaces, and back-of-house support areas
- Convenient parking shared with neighboring Ace Hardware, improving customer access and capacity
- Positioned within the Grand Forks/East Grand Forks metro, benefiting from stable population, regional visitors, and consistent commercial activity
EXECUTIVE SUMMARY
An exciting opportunity to own a fully equipped restaurant, bar, and event space in a highly visible East Grand Forks location. This 16,880± square foot property offers exceptional versatility, featuring multiple dining areas, a full-service bar, and an event layout capable of hosting private functions or large gatherings.
Currently owner-occupied, the property provides a turnkey setup for an owner-operator, investor, or group looking to bring a new concept to the market.
Restaurant and bar equipment, furnishings, and fixtures may be included, adding immediate value and ease of transition for the next owner. The building is positioned along a strong commercial corridor with consistent traffic and convenient shared parking. Whether reimagined as a destination restaurant, brewery, or multi-use entertainment venue, this property provides the space, infrastructure, and location to make it happen.
Currently owner-occupied, the property provides a turnkey setup for an owner-operator, investor, or group looking to bring a new concept to the market.
Restaurant and bar equipment, furnishings, and fixtures may be included, adding immediate value and ease of transition for the next owner. The building is positioned along a strong commercial corridor with consistent traffic and convenient shared parking. Whether reimagined as a destination restaurant, brewery, or multi-use entertainment venue, this property provides the space, infrastructure, and location to make it happen.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Building Size
16,883 SF
Year Built
1976
Price
$985,000
Price Per SF
$58.34
Building Height
1 Story
Building FAR
0.41
Lot Size
0.95 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 83.03712.00 | Improvements Assessment | $596,600 (2024) |
| Land Assessment | $121,300 (2024) | Total Assessment | $717,900 (2024) |
PROPERTY TAXES
Parcel Number
83.03712.00
Land Assessment
$121,300 (2024)
Improvements Assessment
$596,600 (2024)
Total Assessment
$717,900 (2024)
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East Grand Forks Bar / Restaurant / Event | 1009 Central Ave NW
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