One of East St. Paul’s most familiar watering holes is officially on the block. Cheers Pub, the long-running tavern on Hudson Road, has been listed for sale, with both the business and the building included in the offer. Neighbors are already wondering whether the next owner keeps the Cheers name or flips the address into a whole new concept.
Owner Puts Bar On The Market
The sale was first reported by the Minneapolis/St. Paul Business Journal, which notes that the spot, once known as the Mounds Park Lounge, is now being pitched to both investors and owner-operators. The publication frames the listing as a rare chance for a hospitality buyer to step into an established East Side operation that already has built-in neighborhood traffic.
MLS Shows Price, Revenue And Lease Terms
According to the MLS posting on Edina Realty, the property at 1067 Hudson Road is priced at $269,900 and is marketed as a turnkey bar-and-grill, with fixtures and equipment included in the deal. The listing details 5,400 square feet and a 1947 construction date, and it estimates gross income at about $30,000 to $40,000 per month, alongside roughly $20,000 in monthly expenses and rent of around $6,000 plus NNN. The posting also notes that a new lease will be required, so any buyer will be walking into both an existing operation and a fresh round of negotiations with the landlord.
Midcentury Tavern, Long Local History
Local historical notes trace the building’s roots back through several midcentury tavern identities. Names such as Heffron's Tavern and the Mounds Park Lounge show up in neighborhood records before the space ultimately became Cheers Pub. The Daytons Bluff District Forum’s community newsletter has mapped those name changes and tracked the bar’s role on the East Side commercial strip over the decades, turning the corner spot into a kind of unofficial landmark.
What Buyers Will Face
Realty.com shows that the listing went live on April 13, 2026, and identifies Real Estate Parkway as the listing broker, which is marketing the offering as both an operating business and a commercial real estate play. With equipment included but a new lease required, would-be buyers will have to pencil out the projected income against current expenses, negotiate lease terms, and decide how much capital they want to put into any refresh or rebrand of the space.
For now, Cheers Pub remains open while the sale process unfolds, and interested buyers are being directed to the broker contact listed on the MLS posting. This story will be updated if the owner or listing agent provides further comment.
