Active

35322 County Road 3

Crosslake MN, 56442

$1,295,000


$235.71 per sqft

Active

5,494 sqft

Commercial

Built in 1964

The Riverside Inn, a local favorite, is up for sale after being owned and operated by the same family since 1978. This well-known family restaurant is a legacy property located in the heart of Crosslake on a large 1.86-acre commercial lot, with 325 feet of prime frontage on County Road 3, 178 feet of frontage on the Pine River, beautiful flower gardens, and a fish pond. The Riverside Inn features a cozy Up North supper club dining atmosphere with a floor-to-ceiling stone fireplace and a back deck offering panoramic views of the Pine River, attracting lifelong customers. This restaurant can accommodate up to 120 people, making it perfect for hosting special events such as weddings, parties, or community group gatherings. Furthermore, there are bocce courts available for organizing tournaments. The property also includes an on-site liquor store and offers tubing down the Pine River as an additional revenue stream. Additionally, there is a lower-level 3-bedroom, 1-bathroom apartment that can be utilized as living space for owners or staff, or it could be rented out. Location is crucial for a commercial business, and the Riverside Inn benefits from its proximity to the Corp of Engineers Campground docks on Cross Lake of the Whitefish Chain, making it easily accessible to boaters looking for a meal. This restaurant is close to many other well-established businesses on the main drag of County Road 3 and Crosslake Town Square, making it a convenient stop for patrons. This turn-key restaurant has an existing client base that has consistently grown over time. Everything is in place for a new owner to take over and build upon the established success.

6600987

MLS ID

September 13, 2024

Listed

November 22, 2024

Updated

Map

35322 County Road 3
Crosslake MN, 56442

Interior Features

Total Stories

1


Appliances

Air-To-Air Exchanger, Cooktop, Dishwasher, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Water Filtration System, Indoor Grill, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ductless Mini-Split, Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Boiler, Ductless Mini-Split, Fireplace(s)

Exterior/Building Features

Lot Size

1.86 Acres


Lot Features

Accessible Shoreline, Corner Lot, Irregular Lot, Tree Coverage - Heavy, Underground Utilities


Roof

Age Over 8 Years, Metal, Pitched


Sewer

City Sewer/Connected

School Information

School District

Pequot Lakes

Other Property Details

Taxes

$4,832


Tax Frequency

Annually


Garage

No


Parking

Gravel, Parking Lot, Open


View

Yes


View Description

East, Panoramic, River


County

Crow Wing


Water Source

Submersible - 4 Inch, Drilled, Private, Well


Pool

No


Waterfront

Yes

 

Courtesy of Larson Group Real Estate/Kelle

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Mike Kennedy shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 7:21 AM UTC, 11/22/2024

Powered byLuxury Presence