9563 Madison Street Garrison, MN ^$ 399,000

9563 Madison Street

^$ 399,000

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9563 Madison Street

Garrison, MN, 56450

^$ 399,000

Studio Baths0.0 Sq 5,440

Monthly Estimate*

^$ 2,787

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Studio

Commercial Property for sale in Garrison, MN

for $399,000. This 5,440 square foot building was built in 1980 on a lot size of 0.27.

Excellent opportunity to take over a long standing, well operated restaurant and ice cream shop located along Hwy 169 in Garrison, opposite Mille Lacs Lake. In operation for over 40 years, Spotlite Cafe has been serving its customers with exceptional made-from-scratch all-day breakfast, lunch & dinner, including their famous original pancake recipe. Recently added within the restaurant is the Ice Cream Spot - an ice cream parlor and gift shop serving scoops of Kemps ice cream in cones, bowl & pints as well as Mille Lacs Lake Gift Shop - brimming with apparel & souvenirs. This distinct restaurant, paired with an upper level apartment overlooking Mille Lacs Lake, represents a unique investment. Enjoy easy access, excellent visibility and high traffic counts.

Commercial Active

Price

^$ 399,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,344

Style

Mixed Use,Business

Lot Size

0.27

Year Built

1980

Town/City

Garrison

County/Region

Crow Wing

MLS | Web ID

6442441

Features

General

Sewer City Sewer/Connected

Heating Baseboard Boiler

Cooling Central Air

Utilities Electric Common Heating Common Hot Water Common

Roof Asphalt Rubber

Garage Spaces 0

Construction Materials Metal Siding

Year Built 1980

Topography Level

Levels Two

Property SubType Mixed Use Business

Tax Year 2024

Current Use Commercial Restaurant Retail

Waterfront Features Lake View

Accessibility Wheelchair Ramp(s)

County Crow Wing

Property Type Commercial Sale

Contingency None

Subdivision Name Town Of Midland

Possible Use Restaurant Retail

Directions From Hwy 18 / Hwy 169 intersection in Garrison - West on Monroe Street - South on Madison Street - Spotlite Cafe is at the NW corner of Madison Street and Restaurant Street

City Garrison

Buyer Agent Compensation 2.40

Body of Water Mille Lacs

High School District Brainerd

Zoning Description Business/Commercial

Total Units 1

Waterfront Y/N N

Street Name Madison

Land Lease Y/N N

Tax Annual Amount 4344

Additional Parcels Y/N N

Days on Market 207

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Open

Lot Features Corner Lot

Water Source City Water/Connected

Inclusions Building Business Fixture/Equipment Land

Lot Size Area 0.27

Building Area Total 5440

Lot Dimensions 72.5’ x 15.01’ x 87.5’ x 58’ x 15.03’ x 92.06’

Lot Size Units Acres

Foundation Area 3928

Road Frontage Type City Street Paved Streets

Interior

Basement (Y/N) N

Street Suffix Street

Fuel Natural Gas

Lake Acres 128226

Internal Only

Street Number 1 9563

* Excluded Features

List By

Close-Converse Commercial Prop

Broker

tim@closeconverse.com

Affordability Calculator

$3,149

Per Month

Monthly Principal & Interest: $2,787
Monthly Property Taxes: $362
Monthly Home Insurance: --

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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 Garrison, MN

Average List Price ^$311,500

Percent of Sale Price 22%

About Garrison, MN

215 Population

13% Since 2002

^$49,946 Median Income

54.24 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708897 Elementary School

709397 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
10/2/2023	$399,000		Listed Price

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9563 Madison Street, Garrison, MN, 56450 is a Commercial Property for sale at $399,000 with 5,440 sqft and a lot size of 0.27. 9563 Madison Street is a studio with 0.0 baths and was built in 1980. The property's zip code is 56450 which is in Garrison, 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 4/28/2024.

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9563 Madison Street

Commercial Property for sale in Garrison, MN

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