Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4303 Hwy 53 N Orr, MN 55771

    View on Map
    For Sale
    $229,000

    Commercial - Orr, MN

    Lot size:
    4.77 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    183
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 4303 Hwy 53 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Pole Building
    Standard status
    Active
    Lot size
    4.77 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Raymond Ingebretsen

    Listing agent Raymond Ingebretsen

    Listing office RE/MAX Lake Country 4549 Hwy 53, Orr, MN

    Listing date Oct 2, 2025

    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.

    Overview

    Highway 53 Multi-Use Site

    This 4.77-acre multi-use site is located on Hwy 53, just south of Orr, MN. The property features ample parking for vehicles and trailers. A 42x48 heated storage building is included, suitable for storage and currently used as a gift shop. The storage building also contains office/bunk rooms and a bathroom. The property has a private well and septic system. Its location provides convenient access to Pelican Lake and the town of Orr. The site is an excellent starting point for exploring area ATV and snowmobile trails, as well as nearby bars, restaurants, and lakes such as Kjostad, Elbow, Ban, Myrtle, Elephant, Black Duck, Crane, Lake Vermilion, and Voyageurs National Park. The property is located in St. Louis County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Hotel & Motel Storage Facility Bar & Pub Electrical Service Travel Agency (Bike/Boat/Book/etc) Store Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orr
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.832948
    Latitude
    48.03681

    Nearby Similar for Sale

    • $2,500,000
      18,430 SF

      Ash River Trail Lodge

      Resort with cabins, restaurant, bar, and river frontage.
      10418 Ash River Trail, Orr, MN 55771-0000
      View Details
    • $385,000

      Waterfront Land on Pelican Lake

      4.15 acres with 745' shoreline on Pelican Lake.
      10992 Sweigert Rd, Orr, MN 55771
      View Details
    • $385,000

      Waterfront Land on Pelican Lake

      4.15 acres with 745' shoreline on Pelican Lake.
      10992 Sweigert Rd, Orr, MN 55771
      View Details
    • $299,900

      Orr, MN Waterfront Land

      3.5 acres with 275' of shoreline and Southern views.
      10894 Bessette Rd, Orr, MN 55771
      View Details
    • $229,000
      2,016 SF

      Highway Frontage Retail/Office Space

      Retail and office space with high visibility highway frontage.
      4303 Hwy 53 N, Orr, MN 55771
      View Details
    • $229,000

      Highway 53 Multi-Use Site

      4.77-acre site with heated storage building near Pelican Lake.
      4303 Hwy 53, Orr, MN 55771
      View Details
    • $229,000
      2,016 SF

      Highway 53 Retail/Office Space

      2016 sq ft retail/office space on Highway 53 in Orr, MN.
      4303 Hwy 53, Orr, MN 55771
      View Details
    • $120,000

      Undeveloped Waterfront Land in Orr, MN

      21 acres of undeveloped waterfront land on Pelican Lake.
      TBD 21 Nett Lake Rd, Orr, MN 55771
      View Details
    • $120,000

      Undeveloped Land Near Pelican Lake

      21 acres near Pelican Lake with utilities available.
      TBD 21 Nett Lake Rd, Orr, MN 55771
      View Details
    • $158,000

      Ash River Lot with Tiny Home

      Turnkey property near Voyageurs National Park and BWCA.
      9442 Bear Ridge Dr, Orr, MN 55771
      View Details
    • $155,000

      Ash River Lot with Tiny Home

      Lot with tiny home, shared shoreline access, ready to enjoy.
      9436 Bear Ridge Dr, Orr, MN 55771
      View Details
    • $158,000

      Waterfront Lot with Tiny Home

      Turnkey waterfront lot with tiny home near Voyageurs National Park.
      9442 Bear Ridge Drive, Orr, MN 55771
      View Details

    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 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 with ample parking.; 42x48 HEATED STORAGE BUILDING with office/bunk rooms and bathroom.; Private well and septic system.
    (218) 757-3233
    We can help!
    Listing Contact
    Raymond Ingebretsen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!