For Sale: Wanamingo MLS# 7008067
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Property Description
You now have an exceptional opportunity to acquire JB's Tavern, a well-established and highly regarded restaurant and bar that serves as a local staple in the heart of Wanamingo. This turnkey offering combines a profitable, operating business along with value-add real estate. A purchase gets you all JB's Tavern business assets, FF&E, inventory, goodwill, and real estate. It also includes a second retail building currently leased to a thrift shop tenant at below market rent, providing immediate rental income and diversification. The third building is configured for up to four residential units, offering significant value-add potential. One unit is currently occupied by a long-term tenant, providing partial income while leaving room for renovation, repositioning, or future expansion. This listing is perfect for an investor, entrepreneur, or hospitality operator looking to own a landmark business while benefiting from real estate appreciation and diversified cash flow. Opportunities like this rarely come available in strong small-town markets. Schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$389,000
Property Type:
Commercial
City:
Wanamingo
Garage Spaces:
0
County:
Goodhue
Year Built:
1905
State:
MN
Property Style:
2 Stories
Zip Code:
55983
Subdivision Name:
Townsite/Wanamingo
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
5,000 ft2
Handicap Accessible:
Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Road Frontage:
County Road
Lot & Land
Acres:
0.102
Geolocation:
44.304697, -92.791327
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License
Lot Dimensions:
55 x 60
Addl Parcels:
701000220, 701000230, 701000240
Zoning:
Business/Commercial
Schools
School District:
1064
District Phone:
5078242211
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,448
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,448
Units
Total Units:
6
Miscellaneous
Current Use:
- Residential
- Restaurant
- Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Lakes Sotheby's International.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.