For Sale: McGregor MLS# 7130874
Active
NEW!
$1,150,000
Commercial: Other
2 br • 1 ba • Built 1979
11.9 acres
Mcgregor schools
MLS# 7130874
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Property Description
Rare opportunity on beautiful Round Lake offering a unique combination of lakeshore, established business, lodging and recreational amenities. Round Lake Resort and Bar is a year-round property that has seen extensive improvements, including a major bar renovation in 2025 with leveled and insulated flooring, new subfloor and flooring, updated refrigeration and coolers, new freezers, new fans, POS system, security system, secure liquor room and additional equipment upgrades. The kitchen has also been remodeled and the property features multiple dining and gathering areas, mini-split system and updated mechanicals.
The lake setting includes new docks, new patio areas, new volleyball court and bocce courts, swing sets and space for guests to gather and enjoy the waterfront. Entertainment features include multiple TVs, games, jukebox and ATM. Property has a new septic system, new tables, chairs, barstools, outdoor tables and chairs and bar, new taps, umbrellas and more.
Property also includes a furnished 2-bedroom cabin with an updated shower and new counter tops and furniture. 20 seasonal RV/camping sites provide additional income. There are many revenue opportunities including, bar/restaurant, pull tabs, games, off sale, two gas pumps, rental dock spaces, and cabin rent. There is a 30x40 garage as well and a 3bd, 2ba trailer attached to the back of the bar.
Property offers an impressive combination of lakeshore, accommodations, recreation and business potential all in one location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,150,000
Property Type:
Commercial
City:
McGregor
Garage Spaces:
3
County:
Aitkin
Year Built:
1979
State:
MN
Property Style:
Other
Zip Code:
55760
Interior
Bedrooms:
2
Bathrooms:
1
Flooring:
Luxury Vinyl Plank, Tile, Vinyl, Wood
Refrigerators:
Three
Appliances Included:
- Cooktop
- Dishwasher
- Freezer
- Indoor Grill
- Microwave
- Other
- Range
- Refrigerator
- Trash Compactor
Basement Details:
- Block
- Drain Tiled
- Storage Space
- Sump Pump
- Unfinished
Exterior
Garage Spaces:
3
Garage Size:
1,200 ft2
Air Conditioning:
Ductless Mini-Split, Window Unit(s)
Foundation Size:
5,962 ft2
Handicap Accessible:
Wheelchair Ramp(s)
Heating System:
- Ductless Mini-Split
- Hot Water
Parking Features:
- Detached Garage
- Electric
- Garage Door Opener
- Guest Parking
- Parking Lot
- RV Access/Parking
Unit Amenities:
- Boat Slip
- Ceiling Fan(s)
- Deck
- Panoramic View
Pool:
None
Roof Details:
- Age Over 8 Years
- Flat
- Metal
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
East, Lake, Panoramic
WF Frontage:
180
Elev Highpt to WF feet:
0-4
Waterfront:
Lake Front
Lake Bottom:
- Excellent Sand
- Hard
- Sand
Lot & Land
Acres:
11.9
Geolocation:
46.7013836748, -93.2049834353
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Lot Dimensions:
0 x 0
Zoning:
Business/Commercial
Lot Description:
- Accessible Shoreline
- Tree Coverage - Heavy
Schools
School District:
4
District Phone:
2187682111
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,410
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,410
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Food Service
- Resort
- Restaurant
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
Septic System Compliant - Yes
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
- Drilled
- 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 Re/Max Advantage Plus.
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.