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218-326-5800
Real Estate Company
107 Minnesota Avenue E, Walker, MN 56484
- $1,150,000
- 16
- BD
- 14
- BA
- List Price
- $1,150,000
- Status
- ACTIVE
- Days on Market
- 36
- MLS#
- 7146450
- Subtype
- Commercial Sale
- Style
- Apartments and Retail
- Year Built
- 1950
- Bedrooms
- 16
- Bathrooms
- 14
- Acres
- 1.50
- Subdivision
- Commercial Clubs 1st Add
Property Description
Exceptional investment opportunity in Walker, Minnesota, overlooking the shores of Leech Lake. This fully remodeled 14-unit apartment property offers strong income potential with a cap rate over 7% in one of northern Minnesota’s most popular year-round destinations. The property features one spacious 3-bedroom, 1-bath unit, ten 1-bedroom, 1-bath units, and three efficiency units. All 14 units have been recently renovated with updated interiors and modern finishes, creating a turnkey opportunity with limited immediate capital improvements needed. Three units are currently operated as Airbnb rentals, providing a blend of long-term and short-term rental income and the opportunity to capitalize on Walker’s strong tourism market. The setting offers scenic views of Leech Lake while providing convenient access to downtown Walker, dining, shopping, marina access, and area recreation. Boating, fishing, snowmobiling, biking, and trail systems draw visitors to the area throughout the year. With its remodeled condition, diversified rental strategy, lake views, and desirable Walker location, this property presents an attractive opportunity for investors seeking established cash flow with additional income and long-term growth potential.
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Additional Information
- Taxes
- $8,596
- Property Description
- Apartments and Retail
- Zoning
- Business/Commercial
- Heating
- Baseboard
- Stories
- One
- Levels
- One
- Roof
- Age 8 Years or Less
- Parking
- Detached Garage, Asphalt, Parking Lot
- Garage Spaces
- 6
- School District
- Walker-Hackensack-Akeley
- View
- North
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Listing courtesy of Coldwell Banker Realty.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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