Map
Listed price in listed location currency (USD).
$1,150,000

16146

MLS® 7146450

Overview

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage Yes
Taxes $8,596
Days Active 34
Lot Size 1.496 Acres
Approx. Age 1950
MLS® Number 7146450

Property Address: 107 Minnesota Ave E, Walker, MN, 56484

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number7146450
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1950
BasementNone
DrivewayDetached Garage, Asphalt, Parking Lot
Garage Spaces
HeatBaseboard
A/CWall Unit(s)

Extras

Building, Business Assets, Business, Land, Leases

Price History

Last Sold Price

$535,000$535K

Appreciation

--

Avg. Days Listed

235 days

Today, For Sale for $1,150,000

18-DSC04218.jpg
For Sale · 34 days

$1,150,000

MLS® 7146450

A month ago

Not Sold Yet

September 2026, For Sale for $1,150,000

18-DSC04218.jpg
For Sale · 34 days

$1,150,000

MLS® 7146450

A month ago

Not Sold Yet

February 2026, For Sale for $1,175,000

107 front.png
For Sale · 239 days

$1,175,000

MLS® 7021063

8 months ago

Not Sold Yet

April 2024, Sold for $535,000

Sold · 230 days

$535,000$600,000

MLS® 6415123

2 years ago

Sold on Apr 26, 2024

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