37051 Highway 27 Hillman, MN ^$ 400,000

37051 Highway 27

^$ 400,000

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37051 Highway 27

Hillman, MN, 56338

^$ 400,000

Studio Baths0.0 Sq 4,224

Monthly Estimate*

^$ 2,794

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Studio

Commercial Property for sale in Hillman, MN

for $400,000. This 4,224 square foot building was built in 1950 on a lot size of 6.11.

Amazing business opportunity at the intersection of Hwy 27 and County Rd 8 includes 2 bars (1 yearly and 1 seasonal), 6.11 acres. The interior bar area was remodeled during 2020 and some areas have new flooring. Successful annual events are Trunk or Treat and Adult Easter Egg Hunt. Virtual Horse Racing is monthly and weekly events include, Bag league, Pool league, Meat Raffle, Wing Night, and Bingo. The possibilities are truly endless. The main building includes a living area of 2 bedrooms, one currently used as an office and the other as storage, private bath and a living room area also currently used as storage. Outbuildings included are Backyard Bar 26x40, and a detached 24x36 Garage with 2 overhead doors. Backyard Bar has a new deck and tables. This is a great opportunity to own a business that is well established and always busy. Seller will consider Contract for Deed.

Commercial Pending

Price

^$ 400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,634

Style

Business

Lot Size

6.11

Year Built

1950

Town/City

Hillman

County/Region

Morrison

MLS | Web ID

6332990

Features

General

Sewer Private Sewer

Heating Forced Air Outdoor Boiler

Cooling Central Air Ductless Mini-Split

Utilities None

Roof Age Over 8 Years Asphalt Rubber

Appliances Water Softener Rented

Garage Spaces 0

Construction Materials Brick/Stone Wood Siding

Year Built 1950

Tenant Pays None

Topography High Ground Level

Levels One

Property SubType Business

Tax Year 2022

Current Use Event Space Restaurant Bar/Tavern

Accessibility Doors 36 + Grab Bars In Bathroom No Stairs External No Stairs Internal

County Morrison

Property Type Commercial Sale

Contingency None

Directions From Pierz follow HWY 27 N for approximately 15 1/2 miles. Property is on the right at the intersection of County Rd 8 and Hwy 27

City Hillman

Buyer Agent Compensation 2.70

High School District Onamia

Zoning Description Business/Commercial

Total Units 1

Street Name Highway 27

Land Lease Y/N N

Tax Annual Amount 2634

Additional Parcels Y/N N

Days on Market 429

Standard Status Pending

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement None

Basement (Y/N) N

Ceiling Height 8-10

Fuel Natural Gas

Garage Dimensions 24x36

Exterior

Parking Features Detached Gravel

Lot Features Corner Lot Tree Coverage - Light

Water Source Drilled Well

Inclusions Building Inventory Land

Lot Size Area 6.11

Building Area Total 4224

Lot Dimensions 399x400

Lot Size Units Acres

Foundation Area 4224

Road Frontage Type County Road Paved Streets Street Lights State Road

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 37051

* Excluded Features

List By

Edina Realty, Inc.

Broker

norajob@edinarealty.com

Affordability Calculator

$3,014

Per Month

Monthly Principal & Interest: $2,794
Monthly Property Taxes: $220
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hillman, MN

Average List Price ^$400,000

Percent of Sale Price 0%

About Hillman, MN

32 Population

7% Since 2002

^$58,026 Median Income

50.28 Median Age

15% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708548 Elementary School

708623 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
2/8/2024	$400,000	-33.33%	Price Down
9/20/2023	$600,000	-14.29%	Price Down
9/7/2023	$700,000	-6.67%	Price Down
2/19/2023	$750,000		Listed Price

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37051 Highway 27, Hillman, MN, 56338 is a Commercial Property for sale at $400,000 with 4,224 sqft and a lot size of 6.11. 37051 Highway 27 is a studio with 0.0 baths and was built in 1950. The property's zip code is 56338 which is in Hillman, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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37051 Highway 27

Commercial Property for sale in Hillman, MN

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