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Four-Unit Wood-Exterior Property
For Sale
$295,000

409 Meadow Drive, McGregor, MN 55760

Residential Income, McGregor, MN

Property Size3,500 SF
Lot Size2.43 Acres
Price / SF$84.29
Days on Market126

Property Features for 409 Meadow Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 5
Exterior features Wood
High school district McGregor
Directions From 210, enter town, then head north on 65. Property is almost immediately on your left, located between Fireside Inn and Crossroads Hotel.
Standard status Active
APN 140043005
Size 3,500 SF
Lot size 2.43 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 1374

Utilities

Heating system Baseboard, Forced Air

Building Details

Year built 1974
Listing Agency: eXp Realty
Listed By: Dillon Robert Dale
Added: May 26 Changed: Sep 26 Last Checked: Sep 28 at 6:06AM
MLS# 7080759

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.

This four-unit property contains 3,500 square feet on a 2.43-acre parcel. Constructed in 1974, the building features wood exterior construction and a combination of baseboard and forced-air heating. Room information identifies four bathrooms and five bedrooms.

Located at 409 Meadow Drive in McGregor, Minnesota, the property is within Aitkin County and carries the 55760 postal code. Its four-unit configuration provides the defining characteristic of this residential asset, with the available room count adding further detail to the building profile.

Key Highlights

  • Four‑unit residential property
  • 3,500 square feet of building area
  • Situated on 2.43 acres

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Auto Repair Shop Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Catering Service

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

87
Businesses Nearby

Demographics for 55760, MN

2,890
Population
3,385
Households
0.9
Avg Household Size
54
Median Age
21%
College-Educated
92%
High-School Grad
302.5 sq mi
ZIP Area
10
Density / Sq Mi
$60,341
Median Household Income
$36,533
Median Earnings
$897
Median Rent
$261,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Built in 1974, the property combines wood exterior construction with baseboard and forced-air heating.
Where is this quadplex located?
The property is located at 409 Meadow Drive McGregor, MN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Four‑unit residential property; 3,500 square feet of building area; Situated on 2.43 acres
More about this property
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