UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Commercial Clubs 1St Add
MLS Listing ID 7021063
Year Built 1950
Annual Tax Amount $3,477
Tax Year 2025
Contingent None
Lot Size 1.500 Acres
Lot Dimensions 365x188x201x272
Property Description
The unit mix includes one spacious 3-bedroom, 1-bath apartment, ten 1-bedroom, 1-bath apartments, and three efficiency units. All units have been recently renovated, delivering modern finishes, updated interiors, and turnkey appeal for both long-term tenants and short-term guests. Three units are currently operating as Airbnb rentals, creating diversified revenue streams and strong seasonal income potential driven by year-round tourism.
The property's elevated setting provides scenic lake views and easy access to Walker's vibrant downtown, known for its local shops, dining, marina access, and recreational opportunities. Residents and guests enjoy proximity to boating, fishing, snowmobiling, and trail systems that make this region a consistent draw for visitors.
Located just a short drive from Park Rapids and Nevis, the property benefits from steady regional traffic and a strong vacation rental market anchored by Leech Lake's reputation as a premier outdoor destination. The extensive remodel reduces immediate capital expenses while positioning the asset for stable cash flow and long-term appreciation.
Ideal for investors seeking a turnkey, mixed-use rental strategy in a high-demand lake market, this property combines location, modernization, and income diversity in one compelling package.
Location
State MN
County Cass
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Baseboard
Cooling Wall Unit(s)
Inclusions Building, Business
Fireplace No
Exterior
Parking Features Detached Garage, Asphalt, Parking Lot
Garage Spaces 6.0
Utilities Available Electric Common, Heating Common
Waterfront Description Lake View
View Y/N Lake
View Lake
Roof Type Age 8 Years or Less,Asphalt
Present Use Commercial,Other,Residential
Road Frontage Y
Building
Story One
Foundation 5233
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
New Construction false
Schools
School District Walker-Hackensack-Akeley
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION