Building Details

Year Built 1950

Buildings 1

Stories 1

Listing Agency: Real Broker, LLC j***@raveis.com Show Phone

Listed By: The Hoover Group · License #70010221

Source: Tayloronken

Added: Jul 20 Changed: Aug 30 Last Checked: Aug 31 at 6:36PM

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Investment Insights

Based on property information with market context.

This apartment property contains 5 units within a 4,482-square-foot, single-level building constructed in 1950. The unit mix includes four two-bedroom, one-bath residences and one one-bedroom, one-bath residence, providing a range of apartment configurations within the same asset.

Located at 106 Aspen Ave SW in Cass Lake, Minnesota, the property offers a compact layout with all residences on one floor. The arrangement supports direct tenant access and simplifies maintenance across the building. Its five-unit configuration provides an established multifamily format for continued residential occupancy.

Key Highlights

• 5‑unit apartment building with all residences on one level
• 4,482 square feet of building area
• Unit mix includes four 2‑bedroom, 1‑bath units

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Storage Facility Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

268

Businesses Nearby

Explore this area Business Placement

Demographics for 56633, MN

4,751

Population

2,547

Households

1.9

Avg Household Size

35

Median Age

18%

College-Educated

88%

High-School Grad

216.4 sq mi

ZIP Area

22

Density / Sq Mi

$62,422

Median Household Income

$30,925

Median Earnings

$873

Median Rent

$157,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Single-story configuration provides straightforward access and supports efficient property maintenance.

Where is this apartment building located?

The property is located at 106 Aspen Ave SW Cass Lake, MN.

What is the asking price?

The asking price for this property is $234,800.

What are key features of this property?

This property features: 5‑unit apartment building with all residences on one level; 4,482 square feet of building area; Unit mix includes four 2‑bedroom, 1‑bath units