1045 Craig Avenue, Tracy, MN 56175 (MLS# 7001262)

1045 Craig Avenue, Tracy, MN 56175

$575,000

Well established business opportunity awaits

Ample parking with two lots, for whatever type of event you have planned

Very high visibility location, right on highway 14

A welcoming entrance greets your guests as they arrive

Plenty of seating space on the restaurant side

Gaming area on the side of the restaurant

Restaurant/bar area transitions nicely to the banquet hall

Spacious banquet hall to accommodate a wide variety of events

With multiple colors of napkins and linens, for a number of color schemes

Property Type: Commercial Lot Size (sq. ft.): 134,600 Status: Active

Current Price: $575,000 List Date: 1/07/2026 Last Modified: 6/26/2026

Overview

Description

Prime opportunity to own a successful, fully equipped restaurant and event venue with multiple income streams. This well-established property offers a welcoming bar and dining area with a loyal customer base, plus a spacious ballroom/conference space ideal for weddings, banquets, corporate events and large gatherings. The venue also hosts many annual recurring events, providing reliable, repeat business year after year. The sale includes all furniture, fixtures and equipment for continued operation, allowing a seamless transition for a new owner. The commercial kitchen is designed for high-volume service, and the layout works beautifully for both daily dining and large events. With strong visibility, ample parking and steady bar/restaurant income, this is a true turn-key opportunity with room to grow. Bring your vision and step into ownership from day one.

Listing Details MLS# 7001262

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 75
Owner Occupied: No
Waterfront YN: No
Year Built: 1980
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 12546
For Sale or Lease: For Sale
Acres: 3.09
Lot Dimensions: Irregular
Assessment Pending: No

Property Features

Accessible: Doors 36"+; Fully Wheelchair; No Stairs External; No Stairs Internal CMU Style: Business Opportunity Construction Status: Previously Owned Current Use: Commercial Exterior: Vinyl Foundation: Slab Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Potential Use: Lounge/Bar; Restaurant; Shop Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 575000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1045
Street Name: Craig
Street Suffix: Avenue
Postal City: Tracy
County: Lyon
State: MN
Zip Code: 56175
Complex/Dev/Subdivision: 2nd Railway Add

Additional Parcels Information

Property ID #2: 311043360

Assessments

Tax With Assessments: 8776

More Information

Building Information

Building Finished SqFt: 12546

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Fixture/Equipment, Land

Unit Details

Total Units: Yes

Documents

Caboose FAQ.pdf ›

Listing Office: Edina Realty, Inc.

Last Updated: June - 26 - 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.

1045 Craig Avenue, Tracy, MN 56175 (MLS# 7001262)