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945 Gary Street Calumet, MN $ 250,000
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$ 250,000 Get more info
945 Gary Street
$ 250,000
Back to search
Share Save

945 Gary Street

Calumet, MN, 55716
$ 250,000
Bedrooms-- Baths-- Sq 6,964

Monthly Estimate*

$ 1,727

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Commercial Property for sale in Calumet, MN

for $250,000. This 6,964 square foot building was built in 1940 on a lot size of 0.14.

Recently updated bar with 2 studio apartments! This turn-key property is ready to start generating income today and offers a great opportunity with income and room to grow. The bar sells on-sale, off-sale, handmade pizzas, pull-tabs and e-tabs. Currently have a category 2 food license, with approved walls and flooring in the kitchen area and a hand-wash sink in place. Possibilities of adding a grill and hood, deep fryer, etc. Currently, have a pizza/sandwich prep cooler and are serving handmade pizzas. Would be easy to expand that into subs, paninis, etc. Great cash flow! The main level is a 50 x 70 space with tons of room for special events, tournaments, etc. There is plenty of space for a variety of activities and seating configurations. There are 2 studio apartments in the basement, which is an additional 50 x 70 space that has tons of storage, office space and washer and dryer hookups. Everything is turnkey and ready to start generating income today! Contract for deed available!

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Commercial Active

Price

$ 250,000

Property Type

Commercial

Taxes

$ 2,320

Style

Lot Size

0.14

Year Built

1940

Town/City

Calumet

County/Region

Itasca

MLS | Web ID

7143989
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Window Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Roof Age 8 Years or Less Flat Rubber
Appliances Electric Water Heater Freezer Microwave Refrigerator
Garage Spaces 1
Construction Materials Block Brick
Year Built 1940
Topography High Ground
Levels One
Tax Year 2026
Current Use Commercial Event Space Food Service Bar/Tavern
Gross Income 250000
Accessibility Fully Wheelchair No Stairs Internal
Additional Parcels Description 874100840
County Itasca
Net Operating Income 150000
Operating Expense 100000
Insurance Expense 5000
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 2000
Subdivision Name Calumet
Possible Use Rest/Lounge Lounge/Bar
Directions N on Gary Street off Hwy 169 to Property on L.
City Calumet
High School District Greenway
Zoning Description Business/Commercial
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2320
Electric Expense 6456
Fuel Expense 3000
Trash Expense 2400
Water Sewer Expense 960
Additional Parcels Y/N Y
Standard Status Active
Lender Owned No
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Interior
Basement Block Full Storage Space
Basement (Y/N) Y
Total Bedrooms 0
Total Baths 0
Fuel Natural Gas
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Exterior
Parking Features Attached Garage Gravel On-Street Parking Only Parking Lot Tuckunder Garage Open
Lot Features Corner Lot
Water Source City Water/Connected
Inclusions Building Business Assets Business Fixture/Equipment Land
Lot Size Area 0.14
Building Area Total 6964
Lot Dimensions 130x125
Waterfront Y/N N
Foundation Area 3482
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 945
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* Excluded Features
List By
Real Estate Corners, Inc

Broker

kmansour@realestatecorners.com

Email

Affordability Calculator

$1,920
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,727
Monthly Property Taxes
$193
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
709314 Elementary School
708993 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2026$250,000 Listed Price

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945 Gary Street, Calumet, MN, 55716 is a Commercial Property for sale at $250,000 with 6,964 sqft and a lot size of 0.14. 945 Gary Street was built in 1940. The property's zip code is 55716 which is in Calumet, MN

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