4303 Hwy 53 Orr, MN 55771
COMMERCIAL - Orr, MN
- Added:
- Aug 17, 2025
- Days on Market:
- 330
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 4303 Hwy 53
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Standard status
- Active
- Size
- 2,016 SF
Utilities
- Heating system
- Propane (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Building materials
- Steel Frame
- Roof type
- Metal
Listing agent Raymond Ingebretsen License #40744576 (218) 780-3007
Listing office Re/Max Lake Country 4549 Highway 53, Orr, MN (218) 757-3233
Listing date Aug 17, 2025
Copyright © 2026 Range 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.
Key Highlights
- High visibility location on Hwy 53 near Voyageurs National Park entrance.
- 2016 sq ft of office and retail space.
- Zoned Multi Use Residential/Commercial.
Local 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 |
