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Mixed-Use Office Building with Garages
For Sale
$150,000

34070 State Hwy 371, Pequot Lakes, MN 56472

Office building with two garages, updated systems, and approximately 125 feet of frontage on State Highway 371.

Property Size2,260 SF
Price / SF$66.37
Days on Market152

Property Features for 34070 State Hwy 371

General Information

Standard status Active
Size 2,260 SF
Zoning C-1

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $1,359
Listing Agency: Edina Realty, Inc.
Listed By: Kevin Kruchten
Source: Exprealty
Added: Apr 9 Changed: Sep 5 Last Checked: Sep 6 at 1:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty, Inc.

Investment Insights

Based on property information with market context.

This mixed-use office building includes 1,760 square feet on the main floor and approximately 500 square feet on the upper level. The main floor features three and a half bathrooms, a laundry area, and multiple rooms including a partially finished kitchen. Updates in recent years include a metal roof, new septic system, drilled well with a pressure tank, forced air natural gas furnace, central air, water heater, and updated electrical panels.

The property offers 125 feet of frontage on State Highway 371 in a 45 mph zone, supporting visibility and accessibility. Parking is available on the highway. An attached 24 by 26 garage includes a ceiling-mounted gas heater and a garage door opener, and there is also a detached 16 by 24 garage for additional storage.

The property is part of an estate and is being sold as-is.

Key Highlights

  • C‑1 commercial zoning with 125 ft of frontage on State Highway 371 in a 45 mph zone
  • Mixed‑use building with 1,760 SF main floor plus about 500 SF upper level
  • Updates include metal roof, new septic system, drilled well and pressure tank, and forced air natural gas furnace

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Home Appliance 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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

65
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building with two garages, updated systems, and approximately 125 feet of frontage on State Highway 371.
Where is this office building located?
The property is located at 34070 State Hwy 371 Pequot Lakes, MN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: C‑1 commercial zoning with 125 ft of frontage on State Highway 371 in a 45 mph zone; Mixed‑use building with 1,760 SF main floor plus about 500 SF upper level; Updates include metal roof, new septic system, drilled well and pressure tank, and forced air natural gas furnace
More about this property
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