42242 Highway 47, Isle, MN 56342
- Added:
- May 2, 2025
- Days on Market:
- 412
- Last Refresh:
- Jun 17 at 2:06 am
Property Features for 42242 Highway 47
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Driveway
- Exterior features
- Steel Siding
- Standard status
- Active
- APN
- 054000580
- Size
- 1,200 SF
- Lot size
- 0.70 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1453
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1984
- Flooring type
- Concrete
- Roof type
- Metal
- Architectural style
- Other
Listing agent Hans Woelfle (320) 515-1337
Listing office Keller Williams Realty Professionals 14091 Baxter Dr Suite 116, Baxter, MN (218) 454-4300
Listing date May 2, 2025
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Profitable business opportunity in a fast‑growing lake resort community near Mille Lacs Lake.
- Prime location on Hwy 47, north of Isle, MN, with high visibility.
- .7 acre property with a 30x40 (1200 SF) pole barn including office, showroom, half bath, and garage space.
- Versatile space suitable for various businesses (cabin maintenance, mowing, plowing, etc.).
- Fenced back lot and ample front parking.
- Pole barn built in 1984 with steel siding, metal roof, concrete flooring, and forced air heating.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.8k | $18.96 |
| − Vacancy | −$1.6k | −$1.37 |
| EGI | $21.1k | $17.59 |
| − OpEx | −$6.3k | −$5.28 |
| NOI | $14.8k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Isle
- County
- Mille Lacs
- State
- Minnesota
- Longitude
- -93.462613
- Latitude
- 46.156787
