For Sale: Ogilvie MLS# 7073845
Active
NEW!
$1,199,000
Commercial: 1 Story
5 br • 3 ba • Built 1940
2.63 acres
Ogilvie schools
MLS# 7073845
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Property Description
Set along the shores of Ann Lake in Kanabec County, McBees Restaurant & Bar offers an exceptional chance to own a well-established lakeside destination with multiple revenue streams and a loyal customer base. Ideally positioned just north of Ogilvie, MN on Highway 47, the property sits at the gateway to the scenic lake country of northern Minnesota - an area known for its natural beauty, recreation, and year-round tourism.
The property enjoys approximately 500 feet of shoreline on Ann Lake, a nearly 700-acre recreational lake celebrated for excellent fishing and boating. Six private docks accommodate customers and provide seasonal rental opportunities, enhancing both convenience and income potential.
Inside, McBees offers a warm spacious environment designed to serve everything from casual drop-ins to large gatherings. The main bar features wrap-around seating, high-top tables, and a row of booths ideal for families or quieter diners. A dedicated dining area at one end of the restaurant includes ample table seating and a dance floor, frequently used for special events, music, and popular springtime line-dancing lessons.
Through double French doors, a separate east-facing dining room provides sweeping lake views and a bright, relaxed atmosphere - an inviting setting for breakfast, lunch or dinner with a waterfront backdrop.
Expansive decks on both the south and east sides of the building offer high-top seating with unobstructed views of the hillside, shoreline, and wide-open water. These outdoor spaces are a major draw during warm months, creating a vibrant, social lakeside experience.
A freshly resurfaced parking lot ensures ample parking capacity for busy evenings, weekends, and event nights.
McBees has long been known for serving great food at reasonable prices, offering a menu that blends classic favorites with creative specials. Drinks are served icy cold, cocktails are generously poured, and the staff - both in the kitchen and on the floor -are recognized for their prompt, friendly service. The business enjoys strong financials and a loyal following from locals, cabin owners, and seasonal visitors.
Included in the sale are two rental cabins and an attached two-bedroom home, expanding the property's versatility and revenue potential.
+ Larger Cabin: Two bedrooms (one with a queen bed one with four double beds), a spacious living room, full kitchen, and a welcoming porch overlooking the lake. Ideal for groups.
+ Efficiency Cabin: A compact rental with a 3/4 bath, small porch and great lake views - perfect for weekenders or solo travelers.
+ Attached Home: A charming two-bedroom residence with split-log interior, pine cabinetry, hardwood floors, abundant storage, skylights ad a warm rustic character. The layout includes a main-floor bedroom, large attic bedroom, full kitchen and open living/dining area. The wood-burning river-rock fireplace is a masterpiece.
Both cabins feature a generous yard for campfires, gatherings and lakeside relaxation.
With its established reputation, prime lakeshore setting, multiple income streams and inviting atmosphere, McBees represents a rare opportunity for the next owner to step into a thriving business - or expand it even further. Whether continuing its legacy or reimagining the property for new ventures, this lakeside landmark offers a compelling blend of lifestyle, location and long-term promise.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,199,000
Property Type:
Commercial
City:
Ogilvie
Garage Spaces:
1
County:
Kanabec
Year Built:
1940
State:
MN
Property Style:
1 Story
Zip Code:
56358
Interior
Bedrooms:
5
Bathrooms:
3
Flooring:
Carpet, Engineered Hardwood, Heavy Duty, Tile
Refrigerators:
Four
Appliances Included:
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Electric Water Heater
- Exhaust Fan
- Freezer
- Fuel Tank - Rented
- Indoor Grill
- Microwave
- Other
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
Block
Exterior
Stories:
One
Garage Spaces:
1
Garage Dimensions:
20 x 24
Garage Size:
480 ft2
Garage Door Height:
7
Garage Door Width:
12
Air Conditioning:
Central Air
Foundation Size:
5,400 ft2
Foundation Dimensions:
90x60
Fencing:
None
Handicap Accessible:
Doors 36"+, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Gravel
- More Parking Onsite for Fee
- Parking Lot
Unit Amenities:
- Boat Slip
- Deck
- Dock
Road Frontage:
- Highway
- State Road
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
East, Lake, Panoramic
WF Frontage:
500
Elev Highpt to WF feet:
15-26
Waterfront:
- Dock
- Lake Front
- Lake View
Lake Bottom:
- Gravel
- Rocky
- Sand
- Soft
- Wetland
Lot & Land
Acres:
2.63
Geolocation:
45.905023, -93.433181
Inclusions:
Building, Fixture/Equipment, Inventory, Land
Lot Dimensions:
500 x 157 x 456 x 335
Zoning:
- Business/Commercial
- Shoreline
Lot Description:
- Accessible Shoreline
- Irregular Lot
- Tree Coverage - Light
Farm
Topography:
Sloped
Schools
School District:
333
District Phone:
3202725075
Expenses
Annual Electric Expense:
$14,100
Annual Fuel Expense:
$16,400
Annual Insurance Expense:
$12,600
Annual Maintenance Expense:
$4,000
Annual Trash Expense:
$3,000
Annual Water/Sewer Expense:
$8,200
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,944
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,944
Income
Annual Gross Income:
$940,000
Rent
Annual Net Income:
$128,716
Units
Total Units:
3
Miscellaneous
Current Use:
Restaurant
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
Holding Tank
Available Utilities:
Electric Common
Water System:
- Drilled
- Well
Power Company Name:
East Central Energy
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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 Real Estate Masters, Ltd..
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.