High-Frontage Retail and Office
For Sale
$229,000
4303 Hwy 53 N, Orr, MN 55771
COMMERCIAL - Orr, MN
Property Size2,016 SF
Lot Size4.77 Acres
Price / SF$113.59
Days on Market348
Property Features for 4303 Hwy 53 N
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Restrooms
Elementary school district
St. Louis County #2142
Middle school district
St. Louis County #2142
High school district
St. Louis County #2142
Directions
3/4 mile south of Orr on Hwy 53
Subdivision
LSAR
Standard status
Active
Size
2,016 SF
Lot size
4.77 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Mound Septic
Heating system
Forced Air, Propane (Heating)
Cooling system
Central Air
Water source
Private
Building Details
Year built
1982
Number of units
1
Roof type
Metal
Listing Agency:
RE/MAX Lake Country · RE/MAX International
(218) 757-3233
Listed By:
Raymond Ingebretsen · License #40744576
(218) 757-3233
Added: Aug 17, 2025
Changed: Jul 11
Last Checked: Jul 30 at 8:06PM
MLS# 6115695
Copyright © 2026 Lake Superior Association of REALTORS®. 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 sale offering includes a combined office and retail building totaling 2,016 square feet. The property is handicap accessible and is currently operating as a gift shop and office. Zoning is listed as Multi Use Residential/Commercial.
Located on Hwy 53 just south of Orr and near the southern entry into Voyageurs National Park, the site is positioned to capture traffic traveling to and from Orr, Crane, Kabetogama, Ash River, Rainy, and Canada. The property has 665 feet of Hwy 53 frontage.
With its existing retail/office setup, the building is well suited for an owner-operator or tenant requiring flexible space within a multi-use residential/commercial zoning designation.
Located on Hwy 53 just south of Orr and near the southern entry into Voyageurs National Park, the site is positioned to capture traffic traveling to and from Orr, Crane, Kabetogama, Ash River, Rainy, and Canada. The property has 665 feet of Hwy 53 frontage.
With its existing retail/office setup, the building is well suited for an owner-operator or tenant requiring flexible space within a multi-use residential/commercial zoning designation.
Key Highlights
- 2016 sq ft office and retail space currently used as a gift shop/office
- 665' of Hwy 53 frontage at a high‑visibility location just south of Orr and the southern entry into Voyageurs National Park
- Zoned Multi Use Residential/Commercial
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $15.00 |
| − Vacancy | −$3.0k | −$1.50 |
| EGI | $27.2k | $13.50 |
| − OpEx | −$8.2k | −$4.05 |
| NOI | $19.1k | $9.45 |
2,016 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$399.5K
$349.6K – $466.1K
NOI $27,965 @ 7.0% cap · market cap 12.21%
Second Best
Retail
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 8.32%
Theoretical Best
Specialty Retail
$782.0K
$684.3K – $912.4K
NOI $54,743 @ 7.0% cap · market cap 23.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 55771, MN
1,485
Population
1,904
Households
0.8
Avg Household Size
53
Median Age
21%
College-Educated
92%
High-School Grad
1,115.4 sq mi
ZIP Area
1
Density / Sq Mi
$65,893
Median Household Income
$27,163
Median Earnings
$850
Median Rent
$167,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Office and retail space with handicap accessibility and 665 feet of Hwy 53 frontage.
Where is this retail space located?
The property is located at 4303 Hwy 53 N Orr, MN.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2016 sq ft office and retail space currently used as a gift shop/office; 665' of Hwy 53 frontage at a high‑visibility location just south of Orr and the southern entry into Voyageurs National Park; Zoned Multi Use Residential/Commercial
