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35322 County Road 3 Crosslake, MN 56442
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Key Details
Sold Price $1,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 81,021 sqft
Price per Sqft $14
MLS Listing ID 6600987
Sold Date 02/13/25
Year Built 1964
Annual Tax Amount $4,882
Lot Size 1.860 Acres
Acres 1.86
Lot Dimensions 178 x 278 x 24 x 325 x 162
Property Description
The Riverside Inn, a local favorite, is up for sale after being owned and operated by the same family since 1978. This well-known family restaurant is a legacy property located in the heart of Crosslake on a large 1.86-acre commercial lot, with 325 feet of prime frontage on County Road 3, 178 feet of frontage on the Pine River, beautiful flower gardens, and a fish pond. The Riverside Inn features a cozy Up North supper club dining atmosphere with a floor-to-ceiling stone fireplace and a back deck offering panoramic views of the Pine River, attracting lifelong customers. This restaurant can accommodate up to 120 people, making it perfect for hosting special events such as weddings, parties, or community group gatherings. Furthermore, there are bocce courts available for organizing tournaments. The property also includes an on-site liquor store and offers tubing down the Pine River as an additional revenue stream. Additionally, there is a lower-level 3-bedroom, 1-bathroom apartment that can be utilized as living space for owners or staff, or it could be rented out. Location is crucial for a commercial business, and the Riverside Inn benefits from its proximity to the Corp of Engineers Campground docks on Cross Lake of the Whitefish Chain, making it easily accessible to boaters looking for a meal. This restaurant is close to many other well-established businesses on the main drag of County Road 3 and Crosslake Town Square, making it a convenient stop for patrons. This turn-key restaurant has an existing client base that has consistently grown over time. Everything is in place for a new owner to take over and build upon the established success.
Location
State MN
County Crow Wing
Direction From the intersection of County Road 3 and County Road 66 in Crosslake take County Road 3 South, go over the bridge and the Riverside Inn, which has the address of 35322 County Road 3, will be on your left.
Interior
Heating Baseboard, Boiler, Ductless Mini-Split, Fireplace
Cooling Central, Ductless Mini-Split, Window
Window Features Aluminum Frames,Blinds,Double Pane Windows,ENERGY STAR Qualified Windows,Window Treatments,Wood Frames
Exterior
Parking Features Parking Lot, Driveway - Gravel, Uncovered/Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age Over 8 Years,Metal,Pitched
Accessibility Fully Wheelchair, Grab Bars In Bathroom, Wheelchair Ramp
Porch Covered, Deck, Enclosed, Front Porch, Rear Porch, Screened
Building
Lot Description Accessible Shoreline, Corner Lot, Irregular Lot, Tree Coverage - Heavy, Underground Utilities
Water 4-Inch Submersible, Drilled, Private, Well
Structure Type Block,Frame
Others
Senior Community No
Tax ID 14210748
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