Multi-Use Site on Hwy
4303 Hwy 53 Orr, MN 55771
4303 Hwy 53, Orr, MN, 55771
$229,000
For Sale
$229,000
LAND - Orr, MN
Property Size2,016 SF
Lot Size4.77 Acres
Price / SF$113.59
Days on Market291
Property Features for 4303 Hwy 53
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 4.77 Acres
Listing Agency
Re/Max Lake Country
(218) 757-3233
4549 Highway 53, Orr, MN
Listed by
Raymond Ingebretsen · License #40744576
(218) 780-3007
Added: Oct 2, 2025 Checked: Jul 19 at 3:06 pm
MLS# 149113
Listing URL
Copyright © 2026 Range 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 is located on Hwy 53, just south of Orr. It features ample parking for vehicles and trailers. The property includes a 42x48 heated storage building, currently operated as a gift shop. The storage building also contains office/bunk rooms, a bathroom, and a private well and septic system. The location provides convenient access to Pelican Lake and the town of Orr. It is also an excellent starting point for exploring area ATV and snowmobile trails, as well as popular bars, restaurants, and lakes such as Kjostad, Elbow, Ban, Myrtle, Elephant, Black Duck, Crane, Lake Vermilion, and Voyageurs National Park.
Key Highlights
- 4.77‑acre multi‑use site on Hwy 53 with ample parking.
- 42x48 heated storage building with office/bunk rooms, bathroom, private well and septic.
- Currently run as a gift shop.
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
Retail
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
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
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 4.77-acre site with heated storage building near Pelican Lake.
Where is this retail space located?
The property is located at 4303 Hwy 53 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 with ample parking.; **42x48 heated storage building with office/bunk rooms, bathroom, private well and septic.**; Currently run as a gift shop.
