Land for Sale in McGregor, Minnesota

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.