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JB's Tavern 104-112 Main St 15,000 SF 50% Leased Retail Building Wanamingo, MN 55983 $389,000 ($25.93/SF)
Investment Highlights
- Successful local restaurant with full commercial kitchen
- Tons of investment upside for a skilled operator
- Upper-level residential apartment offering stable tenancy
- Multiple value-add buildings
- Outdoor patio connected to sand volleyball courts that enhance customer traffic and seasonal appeal
Executive Summary
You now have an exceptional opportunity to acquire JB's Tavern, a well-established and highly regarded restaurant and bar that serves as a local staple in the heart of Wanamingo. This turnkey offering combines a profitable, operating business along with value-add real estate. A purchase gets you all JB's Tavern business assets, FF&E, inventory, and goodwill, and real estate. It also includes a second retail building currently leased to a thrift shop tenant at below market rent, providing immediate rental income and diversification. The third building is configured for up to four residential units, offering significant value-add potential. One unit is currently occupied by a long-term tenant, providing partial income while leaving room for renovation, repositioning, or future expansion. This listing is perfect for an investor, entrepreneur, or hospitality operator looking to own a landmark business while benefiting from real estate appreciation and diversified cash flow. Opportunities like this rarely come available in strong small-town markets. Schedule your showing today!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Building Size
15,000 SF
Year Built
1905
Price
$389,000
Price Per SF
$25.93
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
5.74
Lot Size
0.06 AC
Zoning
Commercial
About 104-112 MAIN ST , WANAMINGO, MN 55983
Sale includes business goodwill, assets, inventory, and FF&E along with three buildings. Building one houses JB's Tavern. Building two has a thrift shop on a gross lease for $500 per month, which is below market. Building three is a multifamily building that could be built out with up to four units. One unit is already built out and occupied by a long-term tenant that is employed by the restaurant. The remaining units would need a full build out.
Property Taxes
| Parcel Number | 70.100.0230 | Improvements Assessment | $99,300 |
| Land Assessment | $12,700 | Total Assessment | $112,000 |
Property Taxes
Parcel Number
70.100.0230
Land Assessment
$12,700
Improvements Assessment
$99,300
Total Assessment
$112,000
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JB's Tavern | 104-112 Main St
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