2198 Highway 47, Ogilvie, MN 56358 (MLS# 7073845)

2198 Highway 47, Ogilvie, MN 56358

$1,199,000

Property Type: Commercial Bedrooms: 5 Baths: 3 Square Footage: 5,400 Lot Size (sq. ft.): 114,563 Status: Active

Current Price: $1,199,000 List Date: 6/04/2026 Last Modified: 6/29/2026

Overview

Description

Set along the shores of Ann Lake in Kanabec County, McBees Restaurant & Bar offers an exceptional chance to own a well-established lakeside destination with multiple revenue streams and a loyal customer base. Ideally positioned just north of Ogilvie, MN on Highway 47, the property sits at the gateway to the scenic lake country of northern Minnesota - an area known for its natural beauty, recreation, and year-round tourism. The property enjoys approximately 500 feet of shoreline on Ann Lake, a nearly 700-acre recreational lake celebrated for excellent fishing and boating. Six private docks accommodate customers and provide seasonal rental opportunities, enhancing both convenience and income potential. Inside, McBees offers a warm spacious environment designed to serve everything from casual drop-ins to large gatherings. The main bar features wrap-around seating, high-top tables, and a row of booths ideal for families or quieter diners. A dedicated dining area at one end of the restaura ... (Read more) Set along the shores of Ann Lake in Kanabec County, McBees Restaurant & Bar offers an exceptional chance to own a well-established lakeside destination with multiple revenue streams and a loyal customer base. Ideally positioned just north of Ogilvie, MN on Highway 47, the property sits at the gateway to the scenic lake country of northern Minnesota - an area known for its natural beauty, recreation, and year-round tourism. The property enjoys approximately 500 feet of shoreline on Ann Lake, a nearly 700-acre recreational lake celebrated for excellent fishing and boating. Six private docks accommodate customers and provide seasonal rental opportunities, enhancing both convenience and income potential. Inside, McBees offers a warm spacious environment designed to serve everything from casual drop-ins to large gatherings. The main bar features wrap-around seating, high-top tables, and a row of booths ideal for families or quieter diners. A dedicated dining area at one end of the restaurant includes ample table seating and a dance floor, frequently used for special events, music, and popular springtime line-dancing lessons. Through double French doors, a separate east-facing dining room provides sweeping lake views and a bright, relaxed atmosphere - an inviting setting for breakfast, lunch or dinner with a waterfront backdrop. Expansive decks on both the south and east sides of the building offer high-top seating with unobstructed views of the hillside, shoreline, and wide-open water. These outdoor spaces are a major draw during warm months, creating a vibrant, social lakeside experience. A freshly resurfaced parking lot ensures ample parking capacity for busy evenings, weekends, and event nights. McBees has long been known for serving great food at reasonable prices, offering a menu that blends classic favorites with creative specials. Drinks are served icy cold, cocktails are generously poured, and the staff - both in the kitchen and on the floor -are recognized for their prompt, friendly service. The business enjoys strong financials and a loyal following from locals, cabin owners, and seasonal visitors. Included in the sale are two rental cabins and an attached two-bedroom home, expanding the property's versatility and revenue potential. + Larger Cabin: Two bedrooms (one with a queen bed one with four double beds), a spacious living room, full kitchen, and a welcoming porch overlooking the lake. Ideal for groups. + Efficiency Cabin: A compact rental with a 3/4 bath, small porch and great lake views - perfect for weekenders or solo travelers. + Attached Home: A charming two-bedroom residence with split-log interior, pine cabinetry, hardwood floors, abundant storage, skylights ad a warm rustic character. The layout includes a main-floor bedroom, large attic bedroom, full kitchen and open living/dining area. The wood-burning river-rock fireplace is a masterpiece. Both cabins feature a generous yard for campfires, gatherings and lakeside relaxation. With its established reputation, prime lakeshore setting, multiple income streams and inviting atmosphere, McBees represents a rare opportunity for the next owner to step into a thriving business - or expand it even further. Whether continuing its legacy or reimagining the property for new ventures, this lakeside landmark offers a compelling blend of lifestyle, location and long-term promise.

Listing Details MLS# 7073845

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 30
Owner Occupied: No
Road Btwn WF & Home?: No
Waterfront Frontage: 500
Waterfront YN: Yes
Year Built: 1940
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Shoreline
Foundation Size: 5400
Garage Stalls: Yes
Lake/Waterfront Name: Ann
Power Company: East Central Energy
For Sale or Lease: For Sale
Acres: 2.63
Lot Dimensions: 500x157x456x335
Assessment Pending: No

Property Features

Accessible: Doors 36"+; No Stairs Internal Air Conditioning: Central Air Amenities Unit: Boat Slip; Deck; Dock Appliances: Cooktop; Dishwasher; Disposal; Dryer; Freezer; Fuel Tank - Rented; Indoor Grill; Microwave; Range; Refrigerator; Washer; Other Basement: Concrete Block CMU Style: Freestanding Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Freezer; Fryer; Grill; Ice Machine; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer Construction Materials: Frame Construction Status: Previously Owned Current Use: Restaurant Elevation Highpoint to Waterfront Slope: Steep Existing Financing: Free and Clear Exterior: Wood Fencing: None Flooring: Carpet; Engineered Wood; Heavy Duty; Tile Foundation: Concrete Block Fuel: Propane Heating: Forced Air Internet Options: Fiber Optic Lake Details: Gravel; Rocky; Sand; Soft; Wetland Loan Terms: Cash; Conventional Location Description: Free Standing Lot Description: Accessible Shoreline; Irregular Lot; Tree Coverage - Light Miscellaneous Information: 2+ Lavatories; Building Sign; Exterior Lighting; Kitchen Facilities On Site Utilities: Electric Common Owner Pays: All Utilities; Electricity; Grounds Care; Heat; Hot Water; HVAC Maintenance; Insurance; Lawn; Lawn; Management; Parking Fee; Repairs; Sewer; Snow Removal; Taxes Parking Characteristics: Parking Lot; Gravel Lot Pool Description: None Potential Use: Lounge/Bar Road Frontage: Highway; State Road Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: Holding Tank Stories: One Topography: Sloped Wall Description: Drywall; Finished; Insulated Water: Drilled; Well Waterfront Type: Lake Front; Lake View; Dock Waterfront View: Lake; Panoramic; East Window Features: Aluminum Frames; Window Coverings

Contract Information

Contingency: None
ListPrice: 1199000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2198
Street Name: Highway 47
Postal City: Ogilvie
County: Kanabec
State: MN
Zip Code: 56358

Assessments

Tax With Assessments: 11944

Basement

Foundation Dimensions: 90x60

More Information

Building Information

Building Finished SqFt: 5400
Building SqFt: 5400

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 15-26

Income and Expenses

Annual Electric Expense: 14100
Annual Fuel Expense: 16400
Annual Gross Expenses: 811284
Annual Gross Income: 940000
Annual Insurance Expense: 12600
Annual Maintenance Expense: 4000
Annual Net Income: 128716
Annual Trash Expense: 3000
Annual Water/Sewer Expense: 8200
Total Annual Expenses: 811284

Lake Details

Lake Acres: 653
Lake Depth: 17

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20 x 24
Garage Door Height: 7
Garage Door Width: 12
Garage Square Feet: 480

Public Survey Info

Range#: 25
Section#: 02
Township#: 39

Sale Options

Sale Includes: Building, Fixture/Equipment, Inventory, Land

Unit 1

Unit Number: Yes
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 5
Level: Main Level
Unit Total SqFt: 1125
Leased?: No

Unit 2

No. of 2 Bedroom Units: 2
Leased?: No
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 2
Unit Total SqFt: 775

Unit 3

Leased?: No
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 3
Unit Total SqFt: 572

Unit Details

Total Units: 3

Unit Information

No. of Efficiency Units: Yes

Listing Office: Real Estate Masters, Ltd.

Last Updated: June - 29 - 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.

2198 Highway 47, Ogilvie, MN 56358 (MLS# 7073845)