201 E Nokomis Street, Osakis, MN 56360 (MLS# 7020171)

201 E Nokomis Street, Osakis, MN 56360

$575,000
Property Type: Commercial Square Footage: 5,712 Lot Size (sq. ft.): 15,246 Status: Active
Current Price: $575,000 List Date: 2/17/2026 Last Modified: 8/27/2026

Overview

Description

Turnkey, fully staffed bar & grill operating with established systems for hands-on or semi-absentee ownership. Successfully repositioned into a respected community hub with strong local support and recurring traffic. Hosts monthly Lions and community group meetings and maintains charitable gambling and lake association partnerships, creating consistent repeat business. Sale includes furniture, fixtures, equipment, digital signage, ATM, recipes, and operational systems for a seamless ownership transition. Recent improvements and updated equipment provide stability, while a brand-new patio and newly renovated parking lot, both completed in July 2026, enhance curb appeal, increase guest capacity, and position the business for continued seasonal revenue growth. Located in the heart of Osakis with excellent visibility, dine-in and take-out options, and room to expand events, live music, and outdoor service. Established reputation, built-in momentum, and deep community ties set this oppor ...

Listing Details MLS# 7020171

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
34
Owner Occupied
Yes
Waterfront YN
No
Year Built
2005
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
5712
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.35
Lot Dimensions
160, 154, 155, 155
Assessment Pending
No

Property Features

Accessible: Fully Wheelchair Air Conditioning: Central Air; Ductless Basement: None CMU Style: Business Opportunity Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Ice Machine; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer Construction Materials: Block Construction Status: Previously Owned Current Use: Restaurant Exterior: Brick/Stone; Vinyl; Wood Fencing: None Flooring: Concrete Slab; Luxury Vinyl Plank; Tile; Vinyl/Linoleum Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Location Description: Downtown Lock Box Type: None Miscellaneous Information: 440 Volt; Alarms; Building Sign; Delivery Door; Exterior Lighting On Site Utilities: None Available Parking Characteristics: Parking Lot; Paved Lot Pool Description: None Potential Use: Lounge/Bar Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Metal 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
201
Street Direction Prefix
E
Street Name
Nokomis
Street Suffix
Street
Postal City
Osakis
County
Douglas
State
MN
Zip Code
56360
Complex/Dev/Subdivision
Nokomis Comm Properties

Assessments

Tax With Assessments
8244

Basement

Foundation Dimensions
112 x 44

More Information

Building Information

Building Finished SqFt
4999
Building SqFt
5712
Ceiling Height
8-10

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
36
Section#
25
Township#
128

Sale Options

Sale Includes
Building, Business, Fixture/Equipment, Land

Unit Details

Total Units
Yes
IDX
Listing Office: Central MN Realty LLC
Last Updated: August - 27 - 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.
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