Overview

Description

Results Commercial is pleased to announce the sale of an iconic waterfront entertainment venue with full bar & restaurant in Minneapolis. Operated as Psycho Suzi’s Motor Lounge, this incredible property consists of two lots on 1.44 acres with a total building square footage of 15,320 SF on the mighty Mississippi River in NE Minneapolis – the heart of the arts & entertainment district.
The roof was replaced in 2022, the FF&E and commercial kitchen are in excellent condition, the HVAC needs to be replaced and pricing has factored this needed improvement.

This landmark bar & restaurant and event center has a private path that leads to a small beach on the Mississippi River, a massive patio with upper decks and offering fantastic views of the Lowry Bridge and downtown Minneapolis. The parking lot can accommodate up to 80 vehicles with additional on-street parking to support large events.

Everything about this destination asset is first-class & top-notched, combined with unique, comfortable convenience in the Twin Cities metro. Located immediately adjacent to Gluek Park consists of:
1900 Marshall Street NE: 1.05 Acres/45,563 SF, Zoned C2
1924 Marshall Street NE: 0.39 Acres/16,897 SF, Zoned C2.

The building has three levels including the upper level with three full-service bars, the patio over looking the river and DJ booth. The main level has large dining areas, main floor lobby with a retail shop and river front deck. The lower level has a huge bar with five bar stations, new tap & cocktail draft system, plus the grand patio on the riverfront.

The building has an amazing fully equipped commercial kitchen with double cooking lines, and four pizza ovens. There are several walk-in coolers and one large walk-in freezer. This commercial kitchen and food distribution system is perfectly designed to accommodate a busy bar & restaurant while also supporting event groups at the same time.

The building provides best in class restroom convenience with six public restrooms including two dedicated ADA bathrooms plus one private bathroom. For office staff, there are three private offices, ample storage space throughout the property.

This is truly a one-of-a-kind offering. The current establishment of Psycho Suzi’s has an enviable following for the bar & restaurant, as well as for large and small groups enjoying the fun-filled atmosphere.

All tours through the listing brokers only. This sale is for the real estate, FF&E with options available for licensing of the current restaurant concept with ownership.

Property Sales Video: https://youtu.be/bPhMlK4KOao

The Heart the Arts District in NE Minneapolis

Highlights

• 1.44 acres on the Mississippi River
• 15,320 SF multi-level building
• 80 off-street parking stalls
• Event Seating for 750 people
• State of the art facility
• Best-in-class commercial kitchen
• Multiple bars & event spaces
• Large patios & decks overlooking the Mississippi River
• Beautiful views of downtown Minneapolis
• Located in the heart of the entertainment & arts district

Documents

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