Call Us Contact

My notes for this property

Add listing to my favorites (required)
/mo   Edit
Commercial:  Business Opportunity
Built 1992
4.96 acres
Aitkin schools
MLS# 5656344
My rating:
Request a Showing:
Ask the Agent

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Thank You!

    An agent will be in contact with you soon to answer your question.

    Description:   Now is the ideal time to invest for the future! The 40 Club Inn, Banquet Center & Restaurant is an ideal central MN hotel and event center opportunity off major US/MN HWY intersection! 39 rooms, 2400 sq ft indoor pool area, 10, 000+ sq ft event center w/ 6, 000 sq ft of divisible event space. Full commercial kitchen. Additionally, the 40 Club Restaurant/Bar is always hopping and an absolute town favorite. Three successful businesses in one package. Don't miss this opportunity to own a true gem of hospitality in Central Minnesota. Additional 9.53 acre parcel to the North can be purchased as well for further development! Buyer and buyer's agent to verify all measurements and information. Financial performance data can be provided upon request.
    List Price: $2,500,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1992
    City: Aitkin
    County: Aitkin
    State: MN
    Zip Code: 56431


    Building Fin Sq Ft: 36,328 sqft


    Heating System: Forced Air
    Foundation Size: 32,340 sqft
    Handicap Accessible: Other
    Exterior Material: Aluminum Siding, Steel Siding
    Garage Spaces: 0
    Other Parking Spaces: 60


    Acres: 4.96
    Latitude: 46.53398421
    Longitude: -93.72530829
    Lot Size Dim.: 50x150
    Zoning: Business/Commercial


    School District: 8001
    District Phone: 218-927-2115

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $10,366
    Assessment Pending: No
    Taxes w/ Assessments: $10,366


    Total Units: 39


    Current Use: Restaurant, Bar/Tavern, Hotel/Motel, Resort, Commercial, Event Space
    Fuel System: Electric, Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common, Electric Common
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

     Residential Loan Pre-Qualification Form

    To get started on your loan pre-qualification, please complete the form below. A loan officer will need to gather additional information in order to determine your eligibility for a loan.


    I would like to get pre-qualified:  

    I am interested in buying:  

    I plan to use my new home as:  

    I want to finance using:  

    Loan term:  

    I am interested in down payment assistance:  

    Down payment amount:  

    I am married:  

    I am currently renting:  

    My credit score:  


    Listing provided by RMLS, courtesy of Wits Realty.
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.