16730 US 2, Bagley, MN 56621

$690,000
Property Type: Commercial Lot Size (sq. ft.): 71,438 Status: Active
Current Price: $690,000 List Date: 3/20/2026 Last Modified: 5/19/2026

Overview

Description

Exceptional Commercial Opportunity | 10,205 SF | Prime Highway 2 Visibility Positioned on a highly visible and well traveled corridor along Highway 2, this beautifully designed 10,205 square foot property presents a rare opportunity to acquire a turnkey restaurant and event venue with exceptional flexibility for future use. Currently configured as an elegant dining establishment, the space features a thoughtfully designed restaurant layout complemented by a warm, inviting bar area and a charming event space. Ideal for private gatherings, celebrations, or expanded hospitality concepts. The ambiance strikes a balance between sophistication and comfort. For those with a broader vision, the property offers significant potential for adaptive reuse. With its strong infrastructure, generous square footage, and functional layout, it could be reimagined as medical or professional office space, a specialty retail destination, or a customized business headquarters tailored to your needs. Investors and owner-users alike will appreciate the ability to strategically demize the building, occupy a portion for your own operations while generating supplemental income by leasing the remaining space. It’s a smart approach that blends operational control with long term cash flow. Situated on a beautifully maintained lot, the property offers ample, well lit parking and excellent access, ensuring convenience for customers, staff, and tenants alike. Its prominent visibility along Highway 2 provides strong exposure and consistent traffic, an invaluable advantage for any business. Opportunities with this level of versatility, presence, and potential are increasingly rare in today’s market. Bring your vision, and transform this property into your next successful venture. Building was gutted and renovated in 2003 with additions. Pavilion was built in 2007. Has six natural gas heating and cooling roof-mounted units. In-floor heat gas boiler system. New septic system in 2023.

Listing Details MLS# 7039376

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
50
Owner Occupied
No
Waterfront Present
No
Year Built
1975
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
10205
For Sale or Lease
For Sale
Acres
1.64
Lot Dimensions
250 x 440
Assessment Pending
Yes
Garage Stalls
0

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Hallways 42"+; No Stairs Internal Air Conditioning: Central Air Assumable Loan: Not Assumable CMU Style: Business Opportunity; Freestanding; Single Occupancy 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; Warming Table Construction Materials: Block; Brick Construction Status: Previously Owned Current Use: Vacant Exterior: Block; Brick/Stone; Stucco Foundation: Slab; Other Fuel: Natural Gas Heating: Boiler; Forced Air; In-Floor Heating Internet Options: Fiber Optic Loan Terms: Cash; Conventional Location Description: Free Standing Miscellaneous Information: Alarms On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot Potential Use: Grocery; Income; Lounge/Bar; Professional; Rest/Lounge; Restaurant; Retail; Shop Sewer: Private Sewer; Tank with Drainage Field Stories: One Water: 4-Inch Submersible; Drilled; Private; Well

Contract Information

Contingency
None
ListPrice
690000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
16730
Street Name
US 2
Postal City
Bagley
County
Clearwater
State
MN
Zip Code
56621

Assessments

Assessment Installment
230
Tax With Assessments
5358
Assessment Balance
0

Basement

Foundation Dimensions
76' x 167'

More Information

Building Information

Building Finished SqFt
10205
Building SqFt
10205

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No
Alarms
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
38
Section#
25
Township#
147

Sale Options

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

Unit Details

Total Units
Yes

Office/Member Info

Association
NWMAR

Location, Tax and Other Information

Legal Description
SECTION 25 TOWNSHIP 147 RANGE 038
Listing City
Bagley
Map Page
999
Municipality
Bagley
School District
Bagley
School District Phone
218-694-6184
Zip Plus 4
760
Property ID Number
170251000
Tax Year
2025
Tax Amount
5128
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Exceptional Commercial Opportunity | 10,205 SF | Prime Highway 2 Visibility Positioned on a highly visible and well traveled corridor along Highway 2, this beautifully designed 10,205 square foot property presents a rare opportunity to acquire a turnkey restaurant and event venue with exceptional flexibility for future use. Currently configured as an elegant dining establishment, the space features a thoughtfully designed restaurant layout complemented by a warm, inviting bar area and a charming event space. Ideal for private gatherings, celebrations, or expanded hospitality concepts. The ambiance strikes a balance between sophistication and comfort. For those with a broader vision, the property offers significant potential for adaptive reuse. With its strong infrastructure, generous square footage, and functional layout, it could be reimagined as medical or professional office space, a specialty retail destination, or a customized business headquarters tailored to your needs. Investors and owner-users alike will appreciate the ability to strategically demize the building, occupy a portion for your own operations while generating supplemental income by leasing the remaining space. It’s a smart approach that blends operational control with long term cash flow. Situated on a beautifully maintained lot, the property offers ample, well lit parking and excellent access, ensuring convenience for customers, staff, and tenants alike. Its prominent visibility along Highway 2 provides strong exposure and consistent traffic, an invaluable advantage for any business. Opportunities with this level of versatility, presence, and potential are increasingly rare in today’s market. Bring your vision, and transform this property into your next successful venture. Building was gutted and renovated in 2003 with additions. Pavilion was built in 2007. Has six natural gas heating and cooling roof-mounted units. In-floor heat gas boiler system. New septic system in 2023.
Directions
West on Highway 2 from Bagley, property located on the north side of the road.

Accessible

Doors 36"+
Yes
Fully Wheelchair
Yes
Hallways 42"+
Yes
No Stairs Internal
Yes

Air Conditioning

Central Air
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Block
Yes
Brick
Yes

Construction Status

Previously Owned
Yes

Exterior

Block
Yes
Brick/Stone
Yes
Stucco
Yes

Foundation

Slab
Yes
Other
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Forced Air
Yes
In-Floor Heating
Yes

Internet Options

Fiber Optic
Yes

Parking Characteristics

Parking Lot
Yes
Paved Lot
Yes

Sewer

Private Sewer
Yes
Tank with Drainage Field
Yes

Stories

One
Yes

Water

4-Inch Submersible
Yes
Drilled
Yes
Private
Yes
Well
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Business Opportunity
Yes
Freestanding
Yes
Single Occupancy
Yes

Commercial Kitchen Appliances

Cookware/Utensils
Yes
Dishwasher
Yes
Flat Top
Yes
Freezer
Yes
Fryer
Yes
Grill
Yes
Ice Machine
Yes
Oven
Yes
Pre-Piped Fire Suppression System
Yes
Prep Station
Yes
Refrigerator
Yes
Shelving and Racks
Yes
Walk-In Cooler/Freezer
Yes
Warming Table
Yes

Current Use

Vacant
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Free Standing
Yes

Potential Use

Grocery
Yes
Income
Yes
Lounge/Bar
Yes
Professional
Yes
Rest/Lounge
Yes
Restaurant
Yes
Retail
Yes
Shop
Yes
Listing Office: SJ Commercial Advisors
IDX
Last Updated: May - 19 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.