Mixed-Use Building with Large
New
For Sale
$795,000
30694_ Olson Street, Pequot Lakes, MN 56472
Commercial Sale, Pequot Lakes, MN
Property Size8,250 SF
Lot Size0.30 Acres
Price / SF$96.36
Days on Market7
Property Features for 30694_ Olson Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial
Rooms
Basement
Parking features
Garage, Driveway, RV, Open, Parking Lot, Garage - Attached
Window features
Blinds
Patio and Porch features
Porch, Deck, Patio
Appliances
Cooktop, Dishwasher, Dryer, Water Heater - Electric, Freezer, Water Heater - Gas, Microwave, Range, Refrigerator, Washer
High school district
Pequot Lakes
Directions
Pequot Lakes Minnesota 56472, Head toward Main St, 0.1 mi, Turn right onto E Woodman St, 0.3 mi, Turn left toward Olson St, 269 ft, slight right toward Olson St, 190 ft Turn Left onto Olson St 56 ft, Turn right to stay on Olson St, Destination will be on the left, 210 ft 30694 Olson St
Standard status
Active
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9550
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
dedicated office spaces
conference rooms
game room
Building Details
Year built
2001
Building materials
Block, Concrete, Frame, Log, Steel
Roof type
Metal
Listing Agency:
Realty ONE Group Choice
(763) 400-3680
Listed By:
Paul Ekstrom
(612) 749-8404
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 3:06PM
MLS# 7152565
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.
Investment Insights
Based on property information with market context.
Built in 2001, this two-story mixed-use property contains 8250 sq ft on a 0.3-acre lot. The layout includes six bedrooms, four bathrooms, two kitchens, office space, conference rooms, and a game room. An attached garage has an oversized 16' door, with parking that includes RV parking. The property also has a patio, porch, and deck, along with central air and forced-air heating.
In Pequot Lakes, the property is close to Highway 371 and within walking distance of businesses and a school. Brainerd International Raceway is approximately 15 minutes away. The described configuration includes residential rooms, work areas, and substantial garage space.
In Pequot Lakes, the property is close to Highway 371 and within walking distance of businesses and a school. Brainerd International Raceway is approximately 15 minutes away. The described configuration includes residential rooms, work areas, and substantial garage space.
Key Highlights
- 8250 sq ft on a 0.3‑acre lot
- Six bedrooms, four bathrooms, and two kitchens
- Attached garage with an oversized 16' door and RV parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,246
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,920
$1.3M
Cap Rate 7%
$960,657
$960.7K
Cap Rate 9%
$747,178
$747.2K
Market Conditions
NOI Build-Up for 8,250 SF
Gross rent
$128.7K $15.60/SF
− Vacancy
−$6.4K −$0.78/SF
EGI
$122.3K $14.82/SF
− OpEx
−$55.0K −$6.67/SF
NOI
$67.2K $8.15/SF
Area
Crow Wing County, MN
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,920
Cap Rate 7%
$960,657
Cap Rate 9%
$747,178
Alternative Uses
Best Use
Mixed Use
$1.17M
$1.02M – $1.36M
NOI $81,675 @ 7.0% cap · market cap 10.27%
Second Best
Apartment 5plus
$960.7K
$840.6K – $1.12M
NOI $67,246 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,602 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 56472, MN
8,315
Population
6,212
Households
1.3
Avg Household Size
46
Median Age
34%
College-Educated
96%
High-School Grad
154.9 sq mi
ZIP Area
54
Density / Sq Mi
$81,938
Median Household Income
$42,052
Median Earnings
$848
Median Rent
$299,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two kitchens, office areas, and a game room provide varied spaces for residential and work-related functions.
Where is this mixed-use property located?
The property is located at 30694_ Olson Street Pequot Lakes, MN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 8250 sq ft on a 0.3‑acre lot; Six bedrooms, four bathrooms, and two kitchens; Attached garage with an oversized 16' door and RV parking
