945 Gary Street, Calumet, MN 55716 (MLS# 7143989)

945 Gary Street, Calumet, MN 55716

$250,000
Property Type: Commercial Square Footage: 6,964 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $250,000 List Date: 9/16/2026 Last Modified: 9/16/2026

Overview

Description

Recently updated bar with 2 studio apartments! This turn-key property is ready to start generating income today and offers a great opportunity with income and room to grow. The bar sells on-sale, off-sale, handmade pizzas, pull-tabs and e-tabs. Currently have a category 2 food license, with approved walls and flooring in the kitchen area and a hand-wash sink in place. Possibilities of adding a grill and hood, deep fryer, etc. Currently, have a pizza/sandwich prep cooler and are serving handmade pizzas. Would be easy to expand that into subs, paninis, etc. Great cash flow! The main level is a 50 x 70 space with tons of room for special events, tournaments, etc. There is plenty of space for a variety of activities and seating configurations. There are 2 studio apartments in the basement, which is an additional 50 x 70 space that has tons of storage, office space and washer and dryer hookups. Everything is turnkey and ready to start generating income today! Contract for deed available!

Listing Details MLS# 7143989

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
20
Owner Occupied
No
Waterfront YN
No
Year Built
1940
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3482
Garage Stalls
Yes
For Sale or Lease
For Sale
Acres
0.14
Lot Dimensions
130x125
Assessment Pending
No

Property Features

Accessible: Fully Wheelchair; No Stairs Internal Air Conditioning: Window Unit(s) Appliances: Freezer; Microwave; Refrigerator Basement: Concrete Block; Full; Storage Space CMU Style: Apartments and Retail; Apartments/Multi Family; Business Opportunity; Freestanding Commercial Kitchen Appliances: Cookware/Utensils; Freezer; Ice Machine; Oven; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer Construction Materials: Block; Brick Construction Status: Previously Owned Current Use: Commercial; Event Space; Food Service; Tavern/Lounge Exterior: Brick/Stone; Log Siding Flooring: Luxury Vinyl Plank; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Loan Terms: Cash; Contract for Deed; Conventional; Lease Purchase Location Description: Downtown Lot Description: Corner Lot Miscellaneous Information: 2+ Lavatories; Alarms; Building Sign; Exterior Lighting; Kitchen Facilities On Site Utilities: Electric Common; Heating Common; Hot Water Common Overhead Door Clearance: 0-9 Feet Owner Pays: All Utilities; Cable TV; Common Area Maintenance; Electricity; Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection Parking Characteristics: Parking Lot; Tuckunder Garage; Uncovered/Open Potential Use: Lounge/Bar; Rest/Lounge Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Flat; Rubber Sewer: City Sewer/Connected Stories: One Topography: High Ground Wall Description: Concrete/Block; Drywall; Finished; Insulated Water: City Water/Connected Window Features: Double Pane Windows

Contract Information

Contingency
None
ListPrice
250000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
945
Street Name
Gary
Street Suffix
Street
Postal City
Calumet
County
Itasca
State
MN
Zip Code
55716
Complex/Dev/Subdivision
Calumet

Additional Parcels Information

Property ID #2
874100840

Assessments

Tax With Assessments
2320

More Information

Building Information

Building Finished SqFt
3482
Building SqFt
6964

Income and Expenses

Annual Electric Expense
6456
Annual Fuel Expense
3000
Annual Gross Expenses
100000
Annual Gross Income
250000
Annual Insurance Expense
5000
Annual Maintenance Expense
2000
Annual Net Income
150000
Annual Repair Expense
2000
Annual Trash Expense
2400
Annual Water/Sewer Expense
960
Total Annual Expenses
100000

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
21
Township#
56

Sale Options

Sale Includes
Building, Business Assets, Business, Fixture/Equipment, Land

Unit 1

Unit Number
Yes

Unit Details

Total Units
2

Unit Information

No. of Efficiency Units
2
IDX
Listing Office: Real Estate Corners, Inc
Last Updated: September - 16 - 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.