Search
Brick Apartment Building Near Lake
For Sale
$225,000

10035 Pokegama Lake Road Drive, Pine City, MN 55063

Residential Income, Pine City, MN

Property Size12,702 SF
Lot Size0.72 Acres
Price / SF$17.71
Days on Market176

Property Features for 10035 Pokegama Lake Road Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential-Multi-Family
Bedrooms 12
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 7, Bedroom 8, Bathroom 5, Bedroom 9, Basement, Bathroom 7, Bathroom 2, Bedroom 10, Bathroom 1, Bathroom 4, Bedroom 12, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 11, Bedroom 5, Bathroom 6, Bedroom 3
Exterior features Brick/Stone
Subdivision Pine Shores at Pokegama Estate
High school district Pine City
Directions West of Pine City on Rd 7, 4 miles to Park Circle right, the continue left on Park Circle to Park Drive to property. Or you can put in GPS 10035 Pokgama Lake Road Pine City, MN.
Standard status Active
APN 0285792000
Size 12,702 SF
Lot size 0.72 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 776

Utilities

Heating system Hot Water(Heating)
Water source Well
Water front features Lake
Water front 1

Building Details

Year built 1920
Listing Agency: RE/MAX Advantage Plus · RE/MAX International
Listed By: Jan Rolfe · License #20252021
Added: Apr 13 Changed: Sep 24 Last Checked: Oct 5 at 12:06PM
MLS# 7054717

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.

Investment Insights

Based on property information with market context.

This 12,702-square-foot brick building was constructed in 1920 and is offered as a complete rehabilitation project. The interior is currently a blank slate: plumbing is installed, but the property does not have finished bathrooms or actual bedrooms. Hot water heating is present, and the building is sold as-is. The site encompasses 0.72 acres and includes lake views, with a lake identified as a waterfront feature.

Water service is available through a community well, with city sewer serving the property. The building is located just west of Pine City near Interstate 35, across from the backwaters of the Snake River, which connect to Pokegama Lake. A boat landing is two blocks away. Current zoning is High Density Residential and commercial, supporting evaluation of future apartment, senior rental, or other permitted redevelopment concepts.

Key Highlights

  • 12,702 square feet on a 0.72‑acre site
  • 1920 brick building requiring complete rehabilitation
  • Lake views with Pokegama Lake and Snake River backwaters nearby

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Apartment buildings

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

Demographics for 55063, MN

9,236
Population
4,998
Households
1.8
Avg Household Size
45
Median Age
18%
College-Educated
93%
High-School Grad
159.2 sq mi
ZIP Area
58
Density / Sq Mi
$74,854
Median Household Income
$45,610
Median Earnings
$763
Median Rent
$239,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - A 1920 brick structure offers a full redevelopment opportunity with lake views and high-density residential and commercial zoning.
Where is this apartment building located?
The property is located at 10035 Pokegama Lake Road Drive Pine City, MN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 12,702 square feet on a 0.72‑acre site; 1920 brick building requiring complete rehabilitation; Lake views with Pokegama Lake and Snake River backwaters nearby
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
Why this one?
Saved
Reason not saved — we won't ask again