For Sale: Cass Lake MLS# 7014179
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Property Description
Established and operating business opportunity in a prime location with many lakes withing a few minutes is now for sale.
This bait and pawn shop is the perfect catch!
With a loyal customer base, prime location, and endless potential, this is your chance to reel in a profitable venture. Let's dive into what makes this business so special!
Welcome to an incredible business opportunity in Cass Lake, MN—a thriving bait and pawn shop.
This well-established business is housed in a spacious, energy-efficient building spanning over 5, 460 square feet. The bright and inviting retail space, covering 2, 520 square feet, is fully equipped with bait tanks, retail shelving, display cases, two point-of-sale counters, making it a one-stop shop for local fishermen and outdoor enthusiasts.
1, 600 square feet of heated storage and warehouse space is in the middle of the building. Currently this is where innovative tackle products are created, loved by wholesale partners and local anglers alike. With the company's rapid growth, it adds a significant profit to the bottom line. This tackle company is available for purchase along with this business for an additional cost. It really pairs great with the existing business, when the business slows in the colder months, it provides time for employees to ramp up production on the tackle.
In the back, you’ll find over 1, 200 square feet of finished storage, perfect for keeping your inventory safe. The property also includes a privately fenced backyard, offering secure storage for your goods. Whether you’re looking to expand an existing business or dive into a new venture, this opportunity offers endless potential in a prime location.
Cass Lake, Minnesota, is a gem in the heart of the Northwoods, known for its stunning natural beauty and vibrant outdoor culture. The area is surrounded by pristine lakes, dense forests, and abundant wildlife, making it a haven for outdoor enthusiasts, anglers, and tourists year-round.
Cass Lake itself is part of the Cass Lake Chain of Lakes, offering world-class fishing for walleye, northern pike, and muskie, among other species. The area draws fishing enthusiasts from all over, creating a steady flow of customers to this local bait shop. Additionally, the town of Cass Lake has a tight-knit community that values its small businesses, providing a supportive environment for entrepreneurs.
The location situated just off the intersection of Highway 2 and Highway 371, across the road from the Cedar Lakes Casino and next door to the market, liquor store, and lumber yard. This town is a popular destination for campers, boaters, and hunters, adding to the demand for outdoor and recreational supplies. With its proximity to the Chippewa National Forest, there’s no shortage of outdoor activities to attract visitors. As a business owner, you’ll benefit from the area’s rich natural resources, strong community ties, and steady tourism, making it an ideal spot for a bait and pawn shop business.
Buyers: To make this easier: Seller may be willing to do a seller carryback/seller financing on a portion of the purchase price, with an acceptable offer!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,199,000
Property Type:
Commercial
City:
Cass Lake
Garage Spaces:
1
County:
Cass
Year Built:
2015
State:
MN
Property Style:
1 Story
Zip Code:
56633
Subdivision Name:
Auditors 3
Interior
Flooring:
Concrete Slab
Refrigerators:
One
Appliances Included:
- Range
- Refrigerator
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
1
Foundation Size:
5,460 ft2
Foundation Dimensions:
42x130
Fencing:
Other, Partial
Handicap Accessible:
No Stairs External, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Garage Door Opener
- Parking Lot
- Secured
Road Frontage:
- County Road
- Highway
- Paved Streets
Exterior Material:
Frame
Roof Details:
Metal
Lot & Land
Acres:
0.64
Geolocation:
47.381649, -94.614392
Inclusions:
Building, Business, Fixture/Equipment, Land
Lot Dimensions:
76 x 370
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
703
District Phone:
2183352204
Expenses
Annual Electric Expense:
$900
Annual Fuel Expense:
$900
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,038
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,038
Units
Total Units:
1
Miscellaneous
Current Use:
- Other
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
Private Sewer
Available Utilities:
Electric Separate
Water System:
- Private
- Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Headwaters Realty Services LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.