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Turnkey opportunity to own a well-known community destination in the heart of Isle! Isle Bowl & Pizza is being offered for sale with the building, established business, business assets, and inventory all included, making this a rare chance to step into a fully operational entertainment venue. The property features approximately 7,950 square feet, including 6,800 square feet dedicated to the bowling alley and bar area and an additional 1,150 square foot restaurant space serving up pizza and casual dining favorites. The facility includes 8 bowling lanes, providing plenty of capacity for leagues, open bowling, parties, and special events. Ideally located just a few blocks from Mille Lacs Lake and the Soo Line Trail, Isle Bowl & Pizza attracts a steady mix of local leagues, families, vacationers, and outdoor enthusiasts visiting the area year-round. This built-in traffic, combined with the established brand and loyal customer base, creates strong potential for continued growth. Whether you're an investor or an owner-operator looking for a lifestyle business in a thriving recreational area, this is a turnkey entertainment and hospitality opportunity with multiple revenue streams including bowling, food, beverages, leagues, events, and tourism traffic. Don't miss the chance to own a community staple and destination business near Mille Lacs Lake.

Highlights

  • Commercial Sale
  • Built in 1960
  • 0.321 Acre Lot
  • 242 days on Market

  • Year Built
    1960
  • Stories
    1.0
  • Construction Materials
    Brick Veneer
  • Foundation
    Block
  • Parking Features
    Open
  • Cooling
    Central Air
  • Heating
    Forced Air, Natural Gas

  • Acres
    0.321
  • Water
    Public

  • County
    Mille Lacs
  • City
    Isle
  • Neighborhood
    Carlsons Add To Isle
  • Zip Code
    56342

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Frequently Asked Questions

How do I schedule a tour of 365 3rd Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 365 3rd Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 365 3rd Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $700,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Isle, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 365 3rd Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 365 3rd Ave at around $4,287. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 365 3rd Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Mille Lacs County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 365 3rd Ave?

In most cases, yes. Whether 365 3rd Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Isle's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 365 3rd Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Isle and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $700,000 with 7,952 sqft of space—that comes out to approximately $88 per square foot.

How long has this property been on the market?

365 3rd Ave was listed on March 16, 2026, which means it's been on the market for 242 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1960, making it approximately 66 years old.

What is the lot size of this property?

365 3rd Ave sits on a 0.32-acre lot, which is 13,939 square feet.

What are the property taxes for 365 3rd Ave?

The most recent public record shows annual property taxes for 365 3rd Ave were approximately $3,640. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 365 3rd Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 13, 2026 at 04:57PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: November 13, 2026 at 04:57PM | Source: NorthstarMLS | MLS#: 7037247

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