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511 Fergus Ave 4,582 SF Retail Building Erhard, MN 56534 $549,900 ($120.01/SF)



Executive Summary
Business Opportuniity to own a turn key bar in the heart of lakes country. This is a gateway to the lakes. Remodel bar, fully catering kitchen, volleyball courts outside, along with outdoor patio/bar. Fully staffed. Pulltabs and E-tabs available. Grainbin bar to be built summer 2025. This price also includes the Ice Hole bar on Lake Lida.
Property Facts
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,582 SF
Building Class
C
Year Built
1900
Price
$549,900
Price Per SF
$120.01
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.78 AC
Parking
8 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
111’ on Fergus Avenue
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | 70000990350001 | Improvements Assessment | $243,200 |
| Land Assessment | $20,500 | Total Assessment | $263,700 |
Property Taxes
Parcel Number
70000990350001
Land Assessment
$20,500
Improvements Assessment
$243,200
Total Assessment
$263,700
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511 Fergus Ave
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