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23688 Forest Rd Deerwood, MN 56444

Sponsored
For Sale
$1,095,000

Lakeside Efficiency Units & Manager's Quarters

Property size:
7,380 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional investment opportunity in Deerwood, MN, presents a 16-unit efficiency complex ideally situated near the renowned Cuyuna Trails. Boasting 7,380 square feet on a 0.17-acre lot, this property is fully renovated and ready for immediate income generation. Recent upgrades include complete plumbing and siding replacements, the addition of modern efficiency units, flat-screen TVs in each unit, and a comprehensive electrical system overhaul. The self-check-in system streamlines operations and enhances tenant convenience. Beyond the 16 efficient rental units, the property includes a spacious three-bedroom, two-bathroom living area. This versatile space can serve as additional rental income or provide comfortable onsite management accommodations. This turnkey operation is perfect for business owners seeking a profitable venture in a desirable lakeside location or for investors looking for a strong return on investment in a thriving tourist area. The property's prime location near the Cuyuna Trails ensures high occupancy rates and consistent rental income. Priced at $1,095,000, this property offers a rare chance to acquire a well-maintained, high-yield investment in a picturesque setting. The combination of modern amenities, convenient self-check-in, and the attractive location makes this a truly exceptional opportunity.

Property Features for 23688 Forest Rd

General Information

Property type
Other commercial real estate
Square Feet
7,380 SF
Lot Size
7,405 SF

Building Details

Year Built
1964

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Deerwood
County
Crow Wing
State
Minnesota
Longitude
-93.9018
Latitude
46.47449

FAQs

What type of property is this?
Commercial real estate - Lakeside Efficiency Units & Manager's Quarters
Where is this commercial real estate located?
The property is located at 23688 Forest Rd Deerwood, MN.
What is the asking price?
The asking price for this property is $1,095,000.
More about this property
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