f Dan Pike Auction Company & Land and Farm Services Unlimited

Details

Price: $395,000.00

Address: 80626 State Highway #86, Lakefield, Minnesota, MN 56150

Documents and Maps

Overview

  • Style: Commercial
  • Garage: Double Attached - Also detached 2 stall garage
  • Basement: Partial - Lower level dining & bar area.

Key Features

COMPLETE RESTAURANT & CATERING BUSINESS

Due to a serious health condition, Syd & Nadine Malchow have chosen to sell their well established restaurant & catering business. The Hi-Lo has been a strong business fixture in Southern Minnesota & Northern Iowa for 75 years. This is an opportunity to acquire a business that has a proven reputation and track record for excellence and quality that will allow the new owner to build on well into the future.

Description

The sale will include the very well maintained restaurant facility, that has  prime location just south of Lakefield, Minnesota on Highway 86 and only one mile north of the I-90 exit for Lakefield, and the Iowa Great Lakes area. It also includes all of the restaurant & catering equipment. This opportunity is all wrapped up into an on-going operating business that is ready for the new owner to step in and take into the future. Don’t miss this once in a lifetime opportunity. Contact us today!

 

Location

Prime location just south of Lakefield, Minnesota on Highway 86 and only one mile north of the I-90 exit for Lakefield, and the Iowa Great Lakes area.

Legal Description

See property information included on Beacon tax sheet posted above.

Improvements

See property information included on Beacon tax sheet posted above.

Sale includes restaurant and all associated equipment used in the restaurant & catering business.

Real Estate Taxes

See property information included on Beacon tax sheet posted above.

Method of Sale

Traditional listing offered through Land & Farm Services Unlimited, LLC & Dan Pike Auction Company, LLC. Qualified interested parties should call Dan Pike or Scott Christopher today at 507-847-3468 to schedule a viewing of the this tremendous business opportunity.

Method of Bidding

Private sale method. Qualified interested parties will have access to business financial records, but will be required to sign a confidentiality agreement and provide evidence of being qualified for such a purchase prior to being provided access to the records.

Possession

Immediately upon closing.

Terms

Cash sale.

Listing Agent

For More Information Contact:

Questions? Contact Us