Building Details

Tenancy Multi

Listing Agency: Northland Sotheby's International Realty l***@remax.net Show Phone

Listed By: Laura Pederson Show Phone

Source: Exprealty

Added: Jul 29 Changed: Aug 9 Last Checked: Aug 10 at 10:09AM

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Investment Insights

Based on property information with market context.

This mixed-use commercial building contains approximately 10,000 square feet and is occupied by seven established businesses. Current tenants include The North Salon, Up North Social, Wing Wellness, and additional complementary local businesses. One lower-level rental space is currently available, providing flexibility within the existing configuration.

The property is located at 35494 County Road 3 in Crosslake, Minnesota, in the community’s central commercial area. Its setting serves year-round residents, seasonal visitors, and the surrounding tourism economy. The property also generates annual net rental income through its existing tenancy.

Key Highlights

• Approximately 10,000 square feet of mixed‑use commercial space
• Seven established businesses occupy the building
• Current tenants include The North Salon, Up North Social, and Wing Wellness

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Pharmacy

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

246

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 71% Home Improvements & Furnishings 29%

Holiday Station Store Shops & Services

6,897 visits/mo 0.1 miles

Crosslake Ace Hardware Home Improvements & Furnishings

4,245 visits/mo 0.3 miles

Dollar General Shops & Services

3,567 visits/mo 0.3 miles

Demographics for 56442, MN

2,720

Population

3,415

Households

0.8

Avg Household Size

60

Median Age

34%

College-Educated

96%

High-School Grad

35.2 sq mi

ZIP Area

77

Density / Sq Mi

$85,179

Median Household Income

$45,481

Median Earnings

$1,071

Median Rent

$534,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Established local tenant mix with one lower-level rental space currently available.

Where is this mixed-use property located?

The property is located at 35494 County Road 3 Crosslake, MN.

What is the asking price?

The asking price for this property is $999,900.

What are key features of this property?

This property features: Approximately 10,000 square feet of mixed‑use commercial space; Seven established businesses occupy the building; Current tenants include The North Salon, Up North Social, and Wing Wellness