Home › 945 Gary Street, Calumet, MN 55716 (MLS# 7143989)

945 Gary Street, Calumet, MN 55716 (MLS# 7143989)

$250,000
945 Gary Street
Calumet, MN 55716
MLS# 7143989
6964 sqft
945 Gary Street, Calumet, MN 55716
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Property Description
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!

Details
Maps
Contract Information
Status: Active
Current Price: 250000
Contingency: None
ListPrice: 250000
List Date: 2026-09-16
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 20
Owner Occupied: No
Waterfront YN: No
Year Built: 1940
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 3482
Garage Stalls: 1
For Sale or Lease: For Sale
Acres: 0.14
Lot Dimensions: 130x125
Assessment Pending: No
Location Tax and Other Information
House Number: 945
Street Name: Gary
Street Suffix: Street
Postal City: Calumet
County: Itasca
State: MN
Zip Code: 55716
Complex/Dev/Subdivision: Calumet
Additional Parcels Information
Property ID #2: 874100840
Assessments
Tax With Assessments: 2320
Building Information
Building Finished SqFt: 3482
Building SqFt: 6964
Income and Expenses
Annual Electric Expense: 6456
Annual Fuel Expense: 3000
Annual Gross Expenses: 100000
Annual Gross Income: 250000
Annual Insurance Expense: 5000
Annual Maintenance Expense: 2000
Annual Net Income: 150000
Annual Repair Expense: 2000
Annual Trash Expense: 2400
Annual Water/Sewer Expense: 960
Total Annual Expenses: 100000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 21
Township#: 56
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land
Unit 1
Unit Number: 1
Unit Details
Total Units: 2
Unit Information
No. of Efficiency Units: 2
Property Features
Accessible: Fully Wheelchair; No Stairs Internal
Air Conditioning: Window Unit(s)
Appliances: Freezer; Microwave; Refrigerator
Basement: Concrete Block; Full; Storage Space
CMU Style: Apartments and Retail; Apartments/Multi Family; Business Opportunity; Freestanding
Commercial Kitchen Appliances: Cookware/Utensils; Freezer; Ice Machine; Oven; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer
Construction Materials: Block; Brick
Construction Status: Previously Owned
Current Use: Commercial; Event Space; Food Service; Tavern/Lounge
Exterior: Brick/Stone; Log Siding
Flooring: Luxury Vinyl Plank; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable
Loan Terms: Cash; Contract for Deed; Conventional; Lease Purchase
Location Description: Downtown
Lot Description: Corner Lot
Miscellaneous Information: 2+ Lavatories; Alarms; Building Sign; Exterior Lighting; Kitchen Facilities
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Overhead Door Clearance: 0-9 Feet
Owner Pays: All Utilities; Cable TV; Common Area Maintenance; Electricity; Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Parking Lot; Tuckunder Garage; Uncovered/Open
Potential Use: Lounge/Bar; Rest/Lounge
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Flat; Rubber
Sewer: City Sewer/Connected
Stories: One
Topography: High Ground
Wall Description: Concrete/Block; Drywall; Finished; Insulated
Water: City Water/Connected
Window Features: Double Pane Windows

Listing Office: Real Estate Corners, Inc

Last Updated: October - 06 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Wednesday 7th of October 2026 11:54 AM

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