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27604182
27604184

205 1st St SW, Glyndon, MN 56547 For Sale

KK
ND ND 8916
$525,000
252 days on market
Updated 1 day ago

Morty's Bar and Grill

Details
Property Type Hospitality, Land (+1)
Sub Type Commercial, Business and Building
Square Footage 3,790
Units 1
Cap Rate 14.58%
NOI $76,555
Occupancy 100%
Price per SqFt $139
Class B
Year Built 1969
Year Renovated 2020, 2024
Buildings 1
Stories 1
Acreage 1.000
Zoning C1 - General Commercial
Parking Spaces 100 spaces
Parking per 1,000 SqFt 26.39
Investment Type Owner/User
Occupancy Date 11/01/2025
Ground Lease No

Hospitality | 14.58% CAP | 3 Keys

Marketing description

Morty’s Bar & Grill presents a standout opportunity to own a beautifully renovated restaurant and bar in the heart of Glyndon. Located at 205 1st St SW, Glyndon, MN 56547, this turn-key hospitality property blends charm, functionality, and flexibility for a wide range of dining and entertainment concepts. Featuring an open floor plan, the space is designed to create an inviting guest experience while supporting smooth day-to-day operations. Its prime high-traffic location offers strong visibility, convenient access, and consistent exposure to both local patrons and visitors. Whether you’re an owner-operator ready to make your mark, an investor seeking a well-positioned food-and-beverage asset, or a restaurateur expanding into a growing community, this property is ready to bring your vision to life. With updated interiors and a layout built for connection and energy, this is more than just a building—it’s a place where the next great local gathering spot can thrive.

Investment highlights

Own a turnkey, established bar & grill; building, business, and liquor license included — in a high-visibility spot on the Highway 10 corridor, the natural midpoint between the Fargo-Moorhead metro and Minnesota's lakes country.

This is not a shell or a start-from-scratch project. It is a fully operating hospitality business that has served the community since 1998, conveying complete with the real estate, all furniture, fixtures and equipment, inventory, and — most importantly — a transferable Minnesota liquor license, one of the hardest and most valuable assets to secure in this business.

The commercial kitchen is fully built out: walk-in cooler and freezer, pre-piped fire suppression, grill, fryer, flat-top, prep stations, three refrigerators, ice machine, and full small wares — a six-figure buildout already in place. A new roof (under eight years) and a complete 2024 interior and exterior renovation mean the capital-heavy work is done. Guests are welcomed by a comfortable dining room and covered patio, with roughly 100 paved parking spaces on a full one-acre parcel. Ideal for a regional operator adding a location, a first-time owner-operator ready to own their own place, or an investor seeking an income-producing asset with real estate.

Detailed financials available upon a simple confidentiality agreement. Serious, qualified inquiries welcomed — confidentiality respected throughout.

Listing Contacts

KK
ND ND 8916

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,555.00
$6,379.58/mo

Valuation Metrics

0
DSCR
14.58%
Cap Rate
14.58%
ROI

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Additional Information

Name
Katherine Kiernan
License
8916
Brokerage
Aspire Realty
Brokerage Phone
7014277473
Title
Broker of Record
Brokerage Address
5153 44th St S, Fargo, ND 58104
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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