2198 Highway 47 Ogilvie, MN $ 1,199,000
2198 Highway 47
$ 1,199,000
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2198 Highway 47

Ogilvie, MN, 56358
$ 1,199,000
Bedrooms5 Baths3.0 Sq 5,400

Monthly Estimate*

$ 8,281

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Commercial Property for sale in Ogilvie, MN

for $1,199,000 with 5 bedrooms and 3 full baths. This 5,400 square foot building was built in 1940 on a lot size of 2.63.

Set along the shores of Ann Lake in Kanabec County, McBees Restaurant & Bar offers an exceptional chance to own a well-established lakeside destination with multiple revenue streams and a loyal customer base. Ideally positioned just north of Ogilvie, MN on Highway 47, the property sits at the gateway to the scenic lake country of northern Minnesota - an area known for its natural beauty, recreation, and year-round tourism. The property enjoys approximately 500 feet of shoreline on Ann Lake, a nearly 700-acre recreational lake celebrated for excellent fishing and boating. Six private docks accommodate customers and provide seasonal rental opportunities, enhancing both convenience and income potential. Inside, McBees offers a warm spacious environment designed to serve everything from casual drop-ins to large gatherings. The main bar features wrap-around seating, high-top tables, and a row of booths ideal for families or quieter diners. A dedicated dining area at one end of the restaurant includes ample table seating and a dance floor, frequently used for special events, music, and popular springtime line-dancing lessons. Through double French doors, a separate east-facing dining room provides sweeping lake views and a bright, relaxed atmosphere - an inviting setting for breakfast, lunch or dinner with a waterfront backdrop. Expansive decks on both the south and east sides of the building offer high-top seating with unobstructed views of the hillside, shoreline, and wide-open water. These outdoor spaces are a major draw during warm months, creating a vibrant, social lakeside experience. A freshly resurfaced parking lot ensures ample parking capacity for busy evenings, weekends, and event nights. McBees has long been known for serving great food at reasonable prices, offering a menu that blends classic favorites with creative specials. Drinks are served icy cold, cocktails are generously poured, and the staff - both in the kitchen and on the floor -are recognized for their prompt, friendly service. The business enjoys strong financials and a loyal following from locals, cabin owners, and seasonal visitors. Included in the sale are two rental cabins and an attached two-bedroom home, expanding the property's versatility and revenue potential. + Larger Cabin: Two bedrooms (one with a queen bed one with four double beds), a spacious living room, full kitchen, and a welcoming porch overlooking the lake. Ideal for groups. + Efficiency Cabin: A compact rental with a 3/4 bath, small porch and great lake views - perfect for weekenders or solo travelers. + Attached Home: A charming two-bedroom residence with split-log interior, pine cabinetry, hardwood floors, abundant storage, skylights ad a warm rustic character. The layout includes a main-floor bedroom, large attic bedroom, full kitchen and open living/dining area. The wood-burning river-rock fireplace is a masterpiece. Both cabins feature a generous yard for campfires, gatherings and lakeside relaxation. With its established reputation, prime lakeshore setting, multiple income streams and inviting atmosphere, McBees represents a rare opportunity for the next owner to step into a thriving business - or expand it even further. Whether continuing its legacy or reimagining the property for new ventures, this lakeside landmark offers a compelling blend of lifestyle, location and long-term promise.

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Commercial Pending

Price

$ 1,199,000

Bedrooms

5

Full Bath

3

Property Type

Commercial

Taxes

$ 11,944

Style

Lot Size

2.63

Year Built

1940

Town/City

Ogilvie

County/Region

Kanabec

MLS | Web ID

7073845

Features
General
Sewer Holding Tank
Heating Forced Air
Cooling Central Air
Utilities Electric Common
Roof Age Over 8 Years Asphalt Pitched
Appliances Cooktop Dishwasher Disposal Dryer Electric Water Heater Exhaust Fan Freezer Fuel Tank - Rented Indoor Grill Microwave Other Range Refrigerator Stainless Steel Appliances Washer
Garage Spaces 1
Pool Features None
Construction Materials Frame
Year Built 1940
View East Lake Panoramic
Topography Sloped
Levels One
Tax Year 2025
Current Use Restaurant
Gross Income 940000
Waterfront Features Dock Lake Front Lake View
Accessibility Doors 36 + No Stairs Internal
County Kanabec
Net Operating Income 128716
Operating Expense 811284
Insurance Expense 12600
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 4000
Possible Use Lounge/Bar
Directions Go north from Oglivie on Highway 47 about 7 miles. McBees is on the east side of the highway.
City Ogilvie
High School District Ogilvie
Zoning Description Business/Commercial Shoreline
Number Of Units Total 3
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 11944
Electric Expense 14100
Fuel Expense 16400
Trash Expense 3000
Water Sewer Expense 8200
Additional Parcels Y/N N
Standard Status Pending
Lender Owned No
Amenities Unit Deck Dock Boat Slip
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Interior
Basement Block
Basement (Y/N) Y
Total Bedrooms 5
Total Baths 3
Foundation Dimensions 90x60
Fuel Propane
Garage Dimensions 20 x 24
Garage Door Width 7
Garage Square Feet 480
Waterfront Feet 500
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Exterior
Fencing None
Parking Features Detached Garage Gravel Parking Lot More Parking Onsite for Fee
Lot Features Accessible Shoreline Irregular Lot Tree Coverage - Light
Water Source Drilled Well
Inclusions Building Fixture/Equipment Inventory Land
Lot Size Area 2.63
Building Area Total 5400
Lot Dimensions 500x157x456x335
Waterfront Y/N Y
Foundation Area 5400
Road Frontage Type State Road Highway
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 2198
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* Excluded Features
List By
Real Estate Masters, Ltd.

Broker

russellsaboe@gmail.com

Email

Affordability Calculator

$9,277
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,281
Monthly Property Taxes
$995
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
709157 Elementary School
708693 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/19/2026$1,199,000 Listed Price

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2198 Highway 47, Ogilvie, MN, 56358 is a Commercial Property for sale at $1,199,000 with 5,400 sqft and a lot size of 2.63. 2198 Highway 47 has 5 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 56358 which is in Ogilvie, MN