Highway Frontage Retail/Office
4303 Hwy 53 Orr, MN 55771
4303 Hwy 53, Orr, MN, 55771
$229,000
For Sale
$229,000
COMMERCIAL - Orr, MN
Property Size2,016 SF
Price / SF$113.59
Days on Market337
Property Features for 4303 Hwy 53
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Standard status
- Active
- Size
- 2,016 SF
Utilities
- Heating system
- Propane (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Building materials
- Steel Frame
- Roof type
- Metal
Listing Agency
Re/Max Lake Country
(218) 757-3233
4549 Highway 53, Orr, MN
Listed by
Raymond Ingebretsen · License #40744576
(218) 780-3007
Added: Aug 17, 2025 Checked: Jul 19 at 3:06 pm
MLS# 147314
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 commercial property features 2016 square feet of office and retail space. It is located on a high-visibility location on Highway 53, just south of Orr and the southern entry into Voyageurs National Park. The property has 665 feet of frontage on Highway 53, capturing traffic heading to and from Orr, Crane, Kabetogama, Ash River, Rainy, and Canada. The zoning is Multi-Use Residential/Commercial. Currently, the property is operated as a gift shop and office. It is handicap accessible.
Key Highlights
- High visibility location on Hwy 53 near Voyageurs National Park entrance.
- 2016 sq ft of office and retail space.
- Zoned Multi Use Residential/Commercial.
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
Office B
$399.5K
$349.6K – $466.1K
NOI $27,965 @ 7.0% cap · market cap 12.21%
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
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail and office space with high visibility highway frontage.
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: High visibility location on Hwy 53 near Voyageurs National Park entrance.; 2016 sq ft of **office and retail space**.; Zoned Multi Use Residential/Commercial.
