Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mille Lacs Getaway Lot Title is generated by Realmo AI

    18134 Marina Way, Garrison, MN 56450

    View on Map
    Claim this Listing
    For Sale
    $51,999

    Lots & Land - Garrison, MN

    Lot size:
    0.22 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    11
    Last Refresh:
    May 8 at 8:06 pm

    Property Features for 18134 Marina Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Shoreline
    Standard status
    Active
    APN
    099750480
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    138

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Laurie Simonson
    Laurie Simonson

    Listing agent Laurie Simonson

    Listing office Sandelands Realty PO Box 40, Isle, MN

    Listing date Apr 28, 2026

    MLS# 7062830 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

    • Move‑in‑ready with two well‑kept campers included (2011 Heartland Sundance & 1987 Royal International).
    • Electric on site with 2 hookup posts, driveway installed, and storage shed.
    • Close proximity to Mille Lacs Lake with nearby access for boating and recreation (nominal fee).
    • Includes bonus 'Sunroom' structure.
    • City sewer stubbed at the road.
    • Minutes from Garrison amenities, casino, golf course, and ATV trails.

    Overview

    This appealing 0.22-acre lot is located near Mille Lacs Lake, offering an ideal getaway space. The property includes a driveway and on-site electricity with two hookup posts. It features two well-kept, move-in-ready campers: a 2011 Heartland Sundance and a 1987 Royal International. A bonus sunroom structure provides a relaxing shaded area, and an amazing storage shed fulfills storage needs. City sewer is stubbed at the road for potential connection. According to the sellers, a nearby access point allows boat launching onto Mille Lacs for a nominal daily fee. The lot is conveniently located minutes from Garrison amenities and activities, as well as the casino and golf course. Nearby ATV trails offer recreational opportunities, in addition to local state parks, public hunting land, the Soo Line Trail, snowmobile trails, and fishing and water recreation on Mille Lacs and other nearby lakes. The property benefits from lower taxes compared to lakeshore properties, despite its proximity to Mille Lacs. The couch in the Sundance camper pulls out to a twin bed. The property is sold furnished, and the shed is wired for battery hookup use. The intended use of the property is recreational.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Garrison
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -93.8546
    Latitude
    46.2446

    Nearby Similar for Sale

    • $350,000

      Garrison, MN Restaurant and Bar

      Turn-key restaurant and bar opportunity overlooking Lake Mille Lacs.
      9575 Madison Street, Garrison, MN 56450
      View Details
    • $57,000

      Renovated Skid House on Whitefish Creek

      Renovated, furnished .68 acre lot on Whitefish Creek, MN.
      18537 460th Street, Kathio Twp, MN 56450
      View Details
    • $59,200

      Turnkey Getaway Near Mille Lacs

      Equipped camping property near golf, lake, and wildlife area.
      47292 Baffie Bend, Kathio Twp, MN 56450
      View Details
    • $149,000

      Land Near Mille Lacs Lake

      1.15 acre lot near Mille Lacs Lake in Garrison, MN.
      Tract D Linden Street, Garrison, MN 56450
      View Details
    • $144,900

      Land Near Mille Lacs Lake

      Under 1 acre near Mille Lacs Lake with recreational opportunities.
      Tract B Linden Street, Garrison, MN 56450
      View Details
    • $149,000

      Land Near Mille Lacs Lake

      One-acre lot near Mille Lacs Lake with recreational opportunities.
      Tract C Linden Street, Garrison, MN 56450
      View Details
    • $22,900

      Residential Land Near Mille Lacs

      Half-acre lot near golf course and Mille Lacs Lake.
      18733 Duffers Delight, Garrison, MN 56450
      View Details
    • $22,900

      Half-Acre Garrison Retreat

      Forested half-acre lot near Mille Lacs Lake and Northwood Hills.
      18733 Duffers Delight, Garrison, MN 56450
      View Details
    • $15,500

      Wooded Lot Near Mille Lacs

      Buildable lot near Mille Lacs Lake and recreational activities.
      Xxxxx Journeys end, Kathio Twp, MN 56450
      View Details
    • $49,000

      Residential Land with RV Included

      Land with 2021 Heartland Milestone RV near Mille Lacs.
      18958 Sugarbush Circle, Kathio Twp, MN 56450
      View Details
    • $49,900

      Land Near Mille Lacs

      Residential lot near Mille Lacs, casino, and golf course.
      18522 Captive Lake Road, Garrison, MN 56450
      View Details
    • $6,750

      Affordable Lot Near Golf Course

      Double lot near golf course, suitable for camper or home.
      Tbd Birdie Bend, Kathio Twp, MN 56450
      View Details

    FAQs

    What type of property is this?
    Recreation land - Recreational lot near Mille Lacs with campers and amenities.
    Where is this recreation land located?
    The property is located at 18134 Marina Way Garrison, MN.
    What is the asking price?
    The asking price for this property is $51,999.
    What are key features of this property?
    This property features: Move‑in‑ready with **two well‑kept campers included** (2011 Heartland Sundance & 1987 Royal International).; **Electric on site with 2 hookup posts**, driveway installed, and storage shed.; Close proximity to Mille Lacs Lake with nearby access for boating and recreation (nominal fee).
    (763) 607-8409
    We can help!
    Listing Contact
    Laurie Simonson
    Laurie Simonson
    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
    18134 Marina Way, Garrison, MN 56450
    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!