1900 Marshall Street NE, Minneapolis, MN 55415

Overview

Description

The Iconic former Psycho Suzi’s Restaurant can and should be yours! This premier direct Mississippi River waterfront real estate, restaurant and bar offers one of the most dynamic hospitality settings available not only in the Twin Cities but throughout the entire region. This fully built-out main-level restaurant features a large indoor/outdoor bar, a spacious and recently overhauled commercial kitchen, brand new multi-zone HVAC system in a building with 18 tap lines, multiple walk-ins, and multiple restroom oasis, making it ideal for high-volume service. With indoor seating capacity at 650+ and an additional 300+ seats on the expansive waterfront patio/deck, this property delivers exceptional scale and opportunity. Own where guests enjoyed a unique outdoor check-the-box experience highlighted by a multi-level deck, gas-powered fire torches, and panoramic water views from every level. The site also includes 80 on-site parking spaces and a huge pole sign with a marquee, offering exce ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 80
Waterfront Present: Yes
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 15320
Lake/Waterfront Name: Mississippi River
For Sale or Lease: For Sale
Acres: 1.44
Lot Dimensions: 238x257x239x257
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: Wheelchair Ramp CMU Style: Freestanding Construction Status: Previously Owned Current Use: Restaurant Exterior: Wood Foundation: Concrete Perimeter Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 4500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1900
Street Name: Marshall
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55415
Complex/Dev/Subdivision: Auditors Sub 034

Additional Parcels Information

Property ID #2: 1002924440006

Building Information

Building Finished SqFt: 15320

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 10
Township#: 29

Sale Options

Sale Includes: Building

Unit Details

Total Units: Yes

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: AUDITOR'S SUBD. NO. 034 THAT PART OF LOT 18 LYING S OF THE N 65 FT THOF AND THAT PART OF LOT 19 LYING N OF THE S 80 FT THOF
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
DNR Lake Classification: Not Applicable
Property ID Number: 1002924440005
Tax Year: 2025
Tax Amount: 0
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: The Iconic former Psycho Suzi’s Restaurant can and should be yours! This premier direct Mississippi River waterfront real estate, restaurant and bar offers one of the most dynamic hospitality settings available not only in the Twin Cities but throughout the entire region. This fully built-out main-level restaurant features a large indoor/outdoor bar, a spacious and recently overhauled commercial kitchen, brand new multi-zone HVAC system in a building with 18 tap lines, multiple walk-ins, and multiple restroom oasis, making it ideal for high-volume service. With indoor seating capacity at 650+ and an additional 300+ seats on the expansive waterfront patio/deck, this property delivers exceptional scale and opportunity. Own where guests enjoyed a unique outdoor check-the-box experience highlighted by a multi-level deck, gas-powered fire torches, and panoramic water views from every level. The site also includes 80 on-site parking spaces and a huge pole sign with a marquee, offering excellent visibility and accessibility. Perfect for operators seeking a high-profile, high-capacity waterfront destination of varying degrees, Psycho Suzi’s stands out as a rare ownership home run opportunity in the market. This great property is also available for lease. Floor 1 where the kitchen is located can be leased for $19,000 a month with the tenant also being responsible for utilities & expenses.
Directions: Follow I-94 W to N Washington Ave in Minneapolis. Take exit 229 from I-94 W Continue on N Washington Ave. Drive to Great River Rd/Marshall St NE 5 min (1.7 mi) Use the left 2 lanes to turn left onto N Washington Ave. Turn right onto Lowry Ave N 0.5 mi, Turn right onto Great River Rd/Marshall St NE.

Accessible

Wheelchair Ramp: Yes

Assessments

Assessment Balance: 0
Tax With Assessments: 0

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

Concrete Perimeter: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lake Details

Lake Depth: No

Lake/Waterfront

River Front: Yes

Parking Characteristics

Parking Lot: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Freestanding: Yes

Current Use

Restaurant: Yes