Liquor Lyle's sold to Tilt Pinball

The owner of Tilt Pinball Bar has purchased the beloved dive bar Liquor Lyle's on South Hennepin Avenue in Minneapolis.

Driving the news: Tilt made the announcement on Instagram.

• Real estate broker Jeff Salzbrun confirmed the purchase to Axios, and said the building sold for $700,000 on Friday. Salzbrun represented the sellers.

The intrigue: The bar will become a pinball bar, according the Instagram post. The company, which is owned by real estate developer Daniel Oberpriller of North Bay Cos., said more details would be forthcoming.

• Tilt opened near Eat Street in 2017.
• In the Instagram post, Tilt said it would be changing its name to LITT Pinball Bar "due to certain reasons."

Flashback: Axios broke the news last year that the longtime Lyle's owners Russell Spence, Ken Meshbesher would not reopen the bar and put it up for sale.

• A third partner, Ron Meshbesher, died in 2018 and his stake is owned by his wife, Kim.