For Sale: Foley MLS# 7067966
Active
NEW!
$499,000
Commercial: 1 Story
Built 1983
5 acres
Milaca schools
MLS# 7067966
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Property Description
Live, Work & Create on One Incredible 5-Acre Property
Unlock the potential of this rare residential and commercial property set on 5 beautiful park-like acres. Formerly home to the well-known Rum Shack Bar & Grill, this one-of-a-kind opportunity blends comfortable country living with endless business possibilities.
The residential portion features a well-maintained 4-bedroom, 2-bath home with an attached 2-car garage and a 16x20 pole shed — ideal for storage, equipment, hobbies, or workshop space. (See MLS #7067963 for more details)
This commercial building is fully equipped and ready for its next venture, offering a 1, 612 sq. ft. of bar, kitchen, and restaurant space, handicap-accessible his-and-hers restrooms and 308 sq. ft. walk-in cooler.
Outdoor entertaining areas including a 16x24 open-air patio and a distinctive 18-foot agricultural bin-style patio/firepit space with rustic charm and laid-back character
Surrounded by peaceful countryside yet packed with opportunity, this versatile property is ideal for a wide range of uses. Reopen it as a bar and grill, event venue, retail space, office, antique shop, daycare, retreat center, or design the ultimate live/work destination tailored to your vision.
Whether you're an entrepreneur, investor, or someone seeking space to live and create, this property offers the flexibility and character to make it your own.
A rare chance to combine lifestyle, business, and opportunity — all in one remarkable property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,000
Property Type:
Commercial
City:
Foley
Garage Spaces:
0
County:
Benton
Year Built:
1983
State:
MN
Property Style:
1 Story
Zip Code:
56329
Interior
Flooring:
Concrete Slab
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1,920 ft2
Foundation Dimensions:
26x62 + 14x22
Handicap Accessible:
Grab Bars In Bathroom, No Stairs External, No Stairs Internal, Other
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Road Frontage:
- County Road
- Paved Streets
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
5
Geolocation:
45.8076115096, -93.8243689277
Inclusions:
Building, Fixture/Equipment, Land, Other
Lot Dimensions:
5 acres
Zoning:
- Business/Commercial
- Residential-Single Family
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
912
District Phone:
3209827210
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,498
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,498
Units
Total Units:
1
Miscellaneous
Current Use:
- Bar/Tavern
- Restaurant
Fuel System:
Propane
Owner Occupied:
Yes
Sewer System:
- Mound Septic
- Septic System Compliant - Yes
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
- 4-Inch Submersible
- Drilled
- Shared System
- Well
Mortgage Calculator
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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 Hewitt Jackson Real Estate.
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.