Heated Storage and Office
4303 Hwy 53 N Orr, MN 55771
4303 Hwy 53 N, Orr, MN, 55771
$229,000
For Sale
$229,000
COMMERCIAL - Orr, MN
Property Size2,016 SF
Lot Size4.77 Acres
Price / SF$113.59
Days on Market291
Property Features for 4303 Hwy 53 N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 4.77 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Utilities
- Propane
Listing Agency
RE/MAX Lake Country
(218) 757-3233
Orr, MN
Listed by
Raymond Ingebretsen · License #40744576
(218) 757-3233
Added: Oct 2, 2025 Checked: Jul 19 at 3:06 pm
MLS# 6122235
Listing URL
Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4.77-acre multi-use site features a 42x48 heated storage building currently operated as a gift shop, with additional enclosed support space. Inside the storage/pole building are office and bunk rooms, along with a bathroom. The property is served by a private well and septic, and it is set up for practical, self-contained use.
The site is located on Hwy 53, just south of Orr. Ample parking is available for vehicles and trailers, which can support a range of uses where storage and customer access both matter. The property is also described as a short distance from Pelican Lake and the town of Orr, with convenient access to area ATV and snowmobile trails and nearby lakes and recreational destinations.
For tenants, operators, or owners looking for an all-in-one setup, the combination of heated storage, indoor work/overnight space, and on-site bath facilities can fit businesses that require both inventory/storage and on-premises customer-facing activity. The existing gift shop operation provides a current use framework while the parking and utility setup support flexible day-to-day operations.
The site is located on Hwy 53, just south of Orr. Ample parking is available for vehicles and trailers, which can support a range of uses where storage and customer access both matter. The property is also described as a short distance from Pelican Lake and the town of Orr, with convenient access to area ATV and snowmobile trails and nearby lakes and recreational destinations.
For tenants, operators, or owners looking for an all-in-one setup, the combination of heated storage, indoor work/overnight space, and on-site bath facilities can fit businesses that require both inventory/storage and on-premises customer-facing activity. The existing gift shop operation provides a current use framework while the parking and utility setup support flexible day-to-day operations.
Key Highlights
- 4.77‑acre multi‑use site on Hwy 53 just south of Orr with ample parking for vehicles and trailers
- 42x48 heated storage/pole building for storing toys, currently operating as a gift shop
- Storage building includes office/bunk rooms, bathroom, private well, and septic
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 | $30.2k | $15.00 |
| − Vacancy | −$3.0k | −$1.50 |
| EGI | $27.2k | $13.50 |
| − OpEx | −$8.2k | −$4.05 |
| NOI | $19.1k | $9.45 |
2,016 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$677.8K
$593.1K – $790.7K
NOI $47,444 @ 7.0% cap · market cap 20.72%
Second Best
Retail
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 8.32%
Theoretical Best
Specialty Retail
$782.0K
$684.3K – $912.4K
NOI $54,743 @ 7.0% cap · market cap 23.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Multi-use property with a heated storage building, office/bunk rooms, and ample parking for vehicles and trailers.
Where is this flex space located?
The property is located at 4303 Hwy 53 N Orr, MN.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 4.77‑acre multi‑use site on Hwy 53 just south of Orr with ample parking for vehicles and trailers; 42x48 heated storage/pole building for storing toys, currently operating as a gift shop; Storage building includes office/bunk rooms, bathroom, private well, and septic
