Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    15762 River Lake Drive Menahga, MN 56464

    View on Map
    Claim this Listing
    New
    For Sale
    $165,000

    Lots & Land - Blueberry Twp, MN

    Lot size:
    0.74 Acres
    Added:
    May 5, 2026
    Days on Market:
    4
    Last Refresh:
    May 8 at 3:06 am

    Property Features for 15762 River Lake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Lot,Shoreline
    Standard status
    Active
    APN
    023500070
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1114

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Fischer

    Listing agent Matthew Fischer

    Listing office Realty ONE Group Choice 1893 Station Parkway NW, Andover, MN

    Listing date May 5, 2026

    MLS# 7068272 Listing URL

    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.

    HighLights

    • Turnkey 0.74‑acre lot with 200 ft of shoreline on Lower Twin Lake.
    • Ready for immediate use with existing deck, dock, stairs to water, fire rings, and firewood shed.
    • Includes electric, water, and a 5‑bedroom capacity septic system already installed.
    • Lower Twin Lake is a 252‑acre fishing lake (walleye and pike) with boat access to Shell River.
    • Suitable for RV/camper use now or future home build.
    • Breathtaking panoramic views from a private, elevated lot nestled in tall pines.

    Overview

    Turnkey Lot on Lower Twin

    This 0.74-acre lot on Lower Twin Lake offers 200 feet of shoreline. The property includes a deck, a dock, stairs to the water, two fire rings, and a firewood shed. The elevated lot is surrounded by tall pines and offers panoramic views. Lower Twin Lake is a 252-acre lake suitable for fishing walleye and pike, with boat access to the Shell River. Nearby trails are available for ATVs. Electric, water, and a 5-bedroom capacity septic system are already installed. This site is suitable for a camper or a future build. The property is located minutes from Menahga and Park Rapids in Blueberry Twp, MN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Menahga
    County
    Wadena
    State
    Minnesota
    Longitude
    -95.0424112
    Latitude
    46.7935982

    Nearby Similar for Sale

    • $96,900

      Riverfront Land Ready for Development

      1.58 acre riverfront property with well in place.
      23847 Arcade Loop, Crow Wing Lake Twp, MN 56464
      View Details
    • $199,900

      Highway Frontage Commercial Land

      Prime commercial land with highway frontage and income-producing billboards.
      Abc Aspen Avenue S, Menahga, MN 56464
      View Details
    • $445,000

      Versatile Acreage with Shouse and Garages

      23+ acre property with shouse, garages, and recreational space.
      32738 US71, Menahga, MN 56464
      View Details
    • $189,900

      Shell River Waterfront Land

      Land with log cabin and sauna near Huntersville State Forest.
      10227 Cr-13, Menahga, MN 56464
      View Details
    • $96,900

      Land For Sale

      Land available near 1st Crow Wing Public Access.
      23847 Arcade Loop, Menahga, MN 56464
      View Details
    • $1,300,000

      Bar, Grill, and Campground

      Bar and grill with campsites on a 5-acre lot.
      23115 Old Bridge Rd, Menahga, MN 56464
      View Details
    • $56,000

      5 Acre Parcel West Menahga

      5 acre parcel of land suitable for building site.
      52466 115th Street, Spruce Grove Twp, MN 56464
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.74-acre lot with 200 ft shoreline, ready to enjoy!
    Where is this waterfront land located?
    The property is located at 15762 River Lake Drive Menahga, MN.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Turnkey 0.74‑acre lot with **200 ft of shoreline on Lower Twin Lake.**; Ready for immediate use with existing deck, dock, stairs to water, fire rings, and firewood shed.; Includes electric, water, and a 5‑bedroom capacity septic system already installed.
    (763) 200-4009
    We can help!
    Listing Contact
    Matthew Fischer
    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

    Thank You for Inquiry
    15762 River Lake Drive, Blueberry Twp, MN 56464
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!