324 2nd Street E, Thief River Falls, MN 56701 (MLS# 7137868)

324 2nd Street E, Thief River Falls, MN 56701

$490,000
Property Type: Commercial Square Footage: 4,232 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $490,000 List Date: 9/02/2026 Last Modified: 9/02/2026

Overview

Description

TURNKEY OPPORTUNITY ON THE RIVER! Whether you’ve dreamed of owning your own brewery, restaurant, bar, event venue, or have an entirely different vision, this property offers endless possibilities! Currently operating as a successful brewery, the property features over 4,000 square feet with plenty of room for future expansion. A Category 2 food license and full bar liquor license are already in place, making this an incredible opportunity for someone looking to step into an established operation. One of the highlights is the amazing outdoor deck overlooking the river—the perfect setting for customers to enjoy food, drinks, live music, or simply relax while taking in the view. Want a truly turnkey operation? The business can be purchased along with the established name, which already has a HUGE social media following and strong brand recognition. Prefer to bring your own concept to life? Purchase the building and make it your own! With the option to buy the business or just the b ...

Listing Details MLS# 7137868

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Road Btwn WF & Home?
Yes
Waterfront Frontage
65
Waterfront YN
Yes
Year Built
1940
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2116
Garage Stalls
Yes
Lake/Waterfront Name
Red Lake River
For Sale or Lease
For Sale
Acres
0.24
Lot Dimensions
60x145x65x130
Assessment Pending
No

Property Features

Accessible: Hallways 42"+; Wheelchair Ramp Air Conditioning: Ductless CMU Style: Business Opportunity; Freestanding Construction Status: Previously Owned Current Use: Commercial; Food Service; Restaurant Exterior: Brick/Stone Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air Location Description: Downtown; Free Standing Lot Description: Accessible Shoreline; Irregular Lot Miscellaneous Information: Exterior Lighting; Kitchen Facilities On Site Utilities: Heating Common Potential Use: Lounge/Bar; Office; Professional; Rest/Lounge; Restaurant; Retail Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Flat Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected Waterfront Type: River Front Waterfront View: River; South

Contract Information

Contingency
None
ListPrice
490000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
324
Street Name
2nd
Street Suffix
Street
Street Direction Suffix
E
Postal City
Thief River Falls
County
Pennington
State
MN
Zip Code
56701
Complex/Dev/Subdivision
Townsite/Thief River Falls

Assessments

Tax With Assessments
4124

Basement

Foundation Dimensions
46x46

More Information

Building Information

Building Finished SqFt
2116
Building SqFt
4232

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
25x25
Garage Square Feet
644

Sale Options

Sale Includes
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License

Unit Details

Total Units
Yes
IDX
Listing Office: Hometown Realty
Last Updated: September - 02 - 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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