107 Minnesota AVE E, Walker, MN 56484
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107 Minnesota AVE E, Walker, MN 56484
107 Minnesota AVE E, Walker, MN 56484
107 Minnesota AVE E, Walker, MN 56484
107 Minnesota AVE E, Walker, MN 56484
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107 Minnesota AVE E Walker, MN 56484

16 Beds

14 Baths

1.5 Acres Lot


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Commercial Clubs 1St Add

MLS Listing ID 7146450

Bedrooms 16

Year Built 1950

Annual Tax Amount $8,596

Tax Year 2026

Contingent None

Lot Size 1.496 Acres

Lot Dimensions 365x188x201x272

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.

Location

State MN

County Cass

Zoning Business/Commercial

Body of Water [{\"WaterBodyName\":\"Leech\", \"NST_LakeClass\":\"General Development\", \"BodyOfWaterNumber\":\"11020300\", \"WaterBodyKey\":\"124564\", \"LakeAcres\":103039.6, \"NST_LakeChain\":\"Y\", \"LakeChainAcres\":117774.58, \"LakeDepth\":150, \"LakeChainName\":\"Leech\"}]

Lake Name Leech

Rooms

Basement None

Interior

Heating Baseboard

Cooling Wall Unit(s)

Flooring Carpet, Concrete Slab, Luxury Vinyl Plank

Inclusions Building, Business Assets, Business, Land, Leases

Fireplace No

Exterior

Parking Features Detached Garage, Asphalt, Parking Lot

Garage Spaces 6.0

Fence None

Utilities Available Electric Common, Heating Common

Waterfront Description Lake View

View Y/N North

View North

Roof Type Age 8 Years or Less

Present Use Commercial,Hotel/Motel,Other,Residential

Road Frontage Y

Building

Story One

Foundation 5233

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Frame

New Construction false

Schools

School District Walker-Hackensack-Akeley


Listed by Daniel Jewell • Coldwell Banker Realty
Melissa Clawson

Melissa Clawson

Broker License ID: 40986556

+1(651) 895-0217

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107 Minnesota AVE E