Carol Pech,Broker
(612) 720-0336
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107 Minnesota Avenue E, Walker, MN 56484

$1,150,000
SQUARE FEET 5,233
MLS# 7146450
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Carol Pech, Broker

Carol Pech, Broker
Call: (612) 720-0336

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Commercial Clubs 1st Add
SCHOOL: Walker-Hackensack-Akeley
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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.

107 Minnesota Avenue E | MLS# 7146450

This commercial property located at 107 Minnesota Avenue E, Walker, MN 56484 is currently listed for sale with an asking price of $1,150,000. Minnesota Avenue E is located within the Walker-Hackensack-Akeley school district. Search Walker real estate on cpech.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Wall Unit(s)
Fuel Type: Electric, Propane
Garage: 6
Heating: Baseboard
Lot Size: 1.50 Acres
Roof Type: Age 8 Years or Less
Stories: 1.0
Taxes: $8,596
Year Built: 1950

Feature Descriptions

Basement: None
Current Use: Commercial, Hotel/Motel, Residential
Days on Site: 3
Exterior: Frame
Foundation Size: 5233
Handicap Accessible: No Stairs External, No Stairs Internal
Lot Dimensions: 365x188x201x272
Parcel#: 963510611
Parking: Detached Garage, Asphalt, Parking Lot
Road Frontage: City Street
Sale Includes: Building, Business Assets, Business, Land, Leases
Sewer: City Sewer/Connected
Units: 14
Utilities: Electric Common, Heating Common
Water: City Water/Connected
Waterfront: Lake View

Local Schools

School District: Walker-Hackensack-Akeley

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty
Agency Phone: 218-395-9239

Shown By

Agent Name: Carol Pech, Broker
Agent Phone: (612) 720-0336
Agency Title: Counselor Realty

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Near By

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4858 Banning Avenue
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