$1,150,000
MLS# 7130874
2 beds | 1 baths
1 / 84
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.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $1,150,000
Contingency: None
ListPrice: 1150000
List Date: 2026-08-20
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront Frontage: 180
Waterfront YN: Yes
Year Built: 1979
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 0x0
Acres: 11.9
Lake/Waterfront Name: Round Lake (01002300)
Foundation Size: 5962
Garage Stalls: 3
For Sale or Lease: For Sale
Assessment Pending: No
Bedrooms: 2
Baths Total: 1
Location, Tax and Other Information
Legal Description: .72 AC OF LOT 3 & LOT 4 LESS PLAT & LESS 16.01 AC
Listing City: Mcgregor
Map Page: 999
Municipality: McGregor
School District: McGregor
School District Phone: 218-768-2111
DNR Lake ID#: 01002300
DNR Lake Classification: Recreational Development
Zip Plus 4: 5001
Property ID Number: 290054205
Tax Year: 2026
Tax Amount: 5410
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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.
Directions: Hwy 65 North to Goshawk, East to property on Round Lake
Accessible
Wheelchair Ramp: 1
Air Conditioning
Ductless: 1
Window Unit(s): 1
Amenities Shared
Beach: 1
Deck: 1
Dock: 1
Fire Sprinkler System: 1
Amenities Unit
Boat Slip: 1
Ceiling Fan(s): 1
Deck: 1
Panoramic View: 1
Appliances
Cooktop: 1
Dishwasher: 1
Freezer: 1
Indoor Grill: 1
Microwave: 1
Range: 1
Refrigerator: 1
Trash Compactor: 1
Other: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 5410
Basement
Concrete Block: 1
Drain Tiled: 1
Storage Space: 1
Sump Pump: 1
Unfinished: 1
Building Information
Building Finished SqFt: 5962
Construction Status
Previously Owned: 1
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 0-4
Elevation Highpoint to Waterfront Slope
Level: 1
Exterior
Metal: 1
Vinyl: 1
Flooring
Luxury Vinyl Plank: 1
Tile: 1
Vinyl/Linoleum: 1
Wood: 1
Foundation
Concrete Block: 1
Concrete Perimeter: 1
Fuel
Propane: 1
Heating
Hot Water: 1
Internet Options
Satellite: 1
Lake Details
Excellent Sand: 1
Hard: 1
Lake Acres: 571
Lake Depth: 27
Sand: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Lot Description
Accessible Shoreline: 1
Tree Coverage - Heavy: 1
Miscellaneous Information
Gas Pump: 1
Gas Tanks: 1
Homestead: No
Kitchen Facilities: 1
Out Buildings: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 1200
Parking Lot: 1
Garage Door Opener: 1
RV Access/Parking: 1
Patio, Porch and Deck Features
Deck: 1
Patio: 1
Porch: 1
Terrace: 1
Pool Description
None: 1
Public Survey Info
Range#: 23
Section#: 25
Township#: 49
Roof
Age Over 8 Years: 1
Flat: 1
Metal: 1
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Sewer
Septic System Compliant - Yes: 1
Unit 1
Leased?: No
Level: Main Level
Unit Number: 1
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 3
Unit Total SqFt: 900
Unit Details
Total Units: 3
Water
Drilled: 1
Private: 1
Well: 1
Waterfront Type
Lake Front: 1
Waterfront View
Lake: 1
Panoramic: 1
East: 1
No. of Ranges
Two: 1
No. of Refrigerators
Three: 1
Unit 2
No. of 2 Bedroom Units: 1
On Site Utilities
Electric Separate: 1
Heating Separate: 1
CMU Style
Business Opportunity: 1
Mixed Use: 1
Resort: 1
Commercial Kitchen Appliances
Cookware/Utensils: 1
Dishwasher: 1
Flat Top: 1
Freezer: 1
Fryer: 1
Grill: 1
Ice Machine: 1
Oven: 1
Pre-Piped Fire Suppression System: 1
Prep Station: 1
Refrigerator: 1
Shelving and Racks: 1
Current Use
Commercial: 1
Food Service: 1
Resort: 1
Restaurant: 1
Loan Terms
Cash: 1
Conventional: 1
Location Tax and Other Information
Postal City: Mcgregor
County: Aitkin
State: MN
Zip Code: 55760
Property Features
Accessible: Wheelchair Ramp
Air Conditioning: Ductless; Window Unit(s)
Amenities Shared: Beach; Deck; Dock; Fire Sprinkler System
Amenities Unit: Boat Slip; Ceiling Fan(s); Deck; Panoramic View
Appliances: Cooktop; Dishwasher; Freezer; Indoor Grill; Microwave; Range; Refrigerator; Trash Compactor; Other
Basement: Concrete Block; Drain Tiled; Storage Space; Sump Pump; Unfinished
CMU Style: Business Opportunity; Mixed Use; Resort
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Ice Machine; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks
Construction Status: Previously Owned
Current Use: Commercial; Food Service; Resort; Restaurant
Elevation Highpoint to Waterfront Slope: Level
Exterior: Metal; Vinyl
Flooring: Luxury Vinyl Plank; Tile; Vinyl/Linoleum; Wood
Foundation: Concrete Block; Concrete Perimeter
Fuel: Propane
Heating: Hot Water
Internet Options: Satellite
Lake Details: Excellent Sand; Hard; Sand
Loan Terms: Cash; Conventional
Lock Box Type: None
Lot Description: Accessible Shoreline; Tree Coverage - Heavy
Miscellaneous Information: Gas Pump; Gas Tanks; Kitchen Facilities; Out Buildings
On Site Utilities: Electric Separate; Heating Separate
Parking Characteristics: Parking Lot; Garage Door Opener; RV Access/Parking
Pool Description: None
Roof: Age Over 8 Years; Flat; Metal
Sewer: Septic System Compliant - Yes
Water: Drilled; Private; Well
Waterfront Type: Lake Front
Waterfront View: Lake; Panoramic; East
Listing Office: Re/Max Advantage Plus
Last Updated: August - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
