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Property profile & analytics
OFF-MARKET Estimated value $1,405,000
Apartment buildings

4576 Lk St Orr, MN 55771-8309

19,629 SF 3.65 ac lot Built 2013
Entity Owned 12-yr Hold
Property ID
US46-1629318
Property summary
AI-generated overview

This exceptional commercial property presents a unique investment opportunity in the desirable town of Orr, Minnesota. Situated on a picturesque 3.65-acre lot directly adjacent to Pelican Lake, this turnkey facility boasts 19,629 square feet of space and comprises 29 individual units. Originally designed and operated as an assisted living facility, the building offers immense potential for a variety of commercial uses. Constructed in 2013, the property has been meticulously maintained and is in excellent condition. A significant feature is the inclusion of a fully equipped commercial-grade kitchen, ideal for catering, food service, or other businesses requiring large-scale food preparation. The property's prime location and substantial size make it an attractive proposition for entrepreneurs and investors seeking a versatile and well-maintained commercial space in a stunning lakeside setting. The building's recent history as an assisted living facility provides a solid foundation for potential repurposing, while its size and amenities offer flexibility for a wide range of commercial ventures. The expansive acreage provides ample parking and potential for future expansion or outdoor amenities. This is a rare opportunity to acquire a substantial, well-maintained commercial property in a highly desirable location. Serious inquiries are encouraged.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2013
Total area 19,629 SF
Lot 3.65 ac (158,994 SF)
APN 180-0050-00120
UPID US46-1629318
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Carefree Living Orr Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.41M
Owner & transaction history
Orr Carefree Living INC · 12 yrs held
Orr Carefree Living INC
since 2014
4 recorded transactions
2014
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.1M +23.2%
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