209 2nd Street Bovey, MN $ 269,900
209 2nd Street
$ 269,900
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209 2nd Street

Bovey, MN, 55709
$ 269,900
Bedrooms-- Baths-- Sq 4,554

Monthly Estimate*

$ 1,864

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Commercial Property for sale in Bovey, MN

for $269,900. This 4,554 square foot building was built in 1920 on a lot size of 0.32.

Exceptional Turnkey Bar & Entertainment Business with Income-Producing Apartments An exceptional commercial turnkey opportunity! Following the forfeiture of a previous contract for deed, the sellers have repossessed the property and completed extensive cosmetic and operational upgrades throughout the establishment. Community support has been overwhelming, with patrons welcoming the owners back and contributing to a substantial increase in daily revenue. Business & Revenue Highlights Established Entertainment Destination: Successfully hosts weekly dart and pool tournaments, live band performances, birthday parties, and baby showers. The business also plans to introduce meat raffles and bingo events, creating additional opportunities to attract patrons, increase traffic, and grow revenue. Multiple Revenue Streams: In addition to food and beverage sales, the establishment offers pull tabs and electronic pull tabs (e-tabs) to its patrons, providing an additional source of business income and enhancing the overall entertainment experience. Food & Beverage Operations: Currently serving pizza and light food items, with significant potential to expand the menu and increase sales. Value-Add Kitchen Opportunity: Features a designated kitchen area currently plumbed with a sink, offering excellent potential for expanded food service. Buyers interested in developing a more extensive menu are encouraged to consult local city and health officials regarding licensing, equipment, and layout requirements for commercial food preparation. This space offers an opportunity to tailor food service to a buyer’s vision. Immediate Rental Income: Includes two fully leased, income-producing residential apartments on-site, providing an additional revenue stream alongside the bar and entertainment business. Growth Potential: With established community support, multiple entertainment offerings, food and beverage sales, pull-tab and e-tab income, and residential rental revenue, this property presents an exciting opportunity for an owner-operator or investor to build on an established business and explore additional revenue opportunities.

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Commercial Active

Price

$ 269,900

Property Type

Commercial

Taxes

$ 2,693

Style

Lot Size

0.32

Year Built

1920

Town/City

Bovey

County/Region

Itasca

MLS | Web ID

7162218

Features
General
Sewer City Sewer/Connected
Heating Boiler Forced Air Radiator
Cooling None
Utilities Electric Common Heating Common Hot Water Common
Roof Age Over 8 Years
Appliances Cooktop Range Refrigerator
Garage Spaces 2
Pool Features None
Construction Materials Block Other Brick Concrete Stone
Year Built 1920
Tenant Pays Cable TV
Topography Other
Levels One
Tax Year 2026
Current Use Professional/Office Commercial Other Recreational Bar/Tavern
Gross Income 30000
Accessibility Wheelchair Ramp(s)
County Itasca
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Bovey
Possible Use Office Other Professional Service Rest/Lounge Restaurant Lounge/Bar
Directions From Grand Rapids North on 169 to Bovy take a left on 2nd Avenue to 2nd Street on your left.
City Bovey
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 2693
Electric Expense 600
Trash Expense 600
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Patio
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Exterior
Fencing None
Parking Features Detached Garage Gravel Parking Lot
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Business Fixture/Equipment Inventory Leases
Lot Size Area 0.32
Building Area Total 4554
Lot Dimensions 44.5 90
Waterfront Y/N N
Foundation Area 4554
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
Fuel Natural Gas
Garage Dimensions 22 x 24
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Internal Only
Street Number 1 209
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* Excluded Features
List By
Re/Max Results

Broker

monica@results.net

Email

Affordability Calculator

$2,089
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,864
Monthly Property Taxes
$224
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
10/22/2026$269,900 Listed Price

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209 2nd Street, Bovey, MN, 55709 is a Commercial Property for sale at $269,900 with 4,554 sqft and a lot size of 0.32. 209 2nd Street was built in 1920. The property's zip code is 55709 which is in Bovey, MN