Turn-Key Assisted Living
4576 Lake St Orr, MN 55771
4576 Lake St, Orr, MN, 55771
$2,899,000
For Sale
$2,899,000
Turn-key 29-unit assisted living facility built in 2013 with a commercial-grade kitchen.
Property Size19,000 SF
Lot Size3.65 Acres
Price / SF$152.58
Days on Market101
Property Features for 4576 Lake St
General Information
- Standard status
- Active
- Size
- 19,000 SF
- Lot size
- 3.65 Acres
Listing agency
Eos Realty, LLC
(651) 270-5429
Listed by
Kristopher G. Jacobsen
(651) 270-5429
Source
Exprealty
Added: Apr 13 Updated: Jul 21 at 9:04AM Checked: Jul 22 at 10:47AM
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 Eos Realty, LLC
Investment Insights
Based on property information with market context.
This turn-key assisted living facility is configured as a 29-unit property and was built in 2013. The building has been meticulously maintained and includes a commercial-grade kitchen to support day-to-day operations.
The property is situated right off Pelican Lake in Orr, Minnesota, and is offered for sale on 3.65 acres.
With over 19,000 square feet of space and a prior assisted living use, the facility is designed to operate as a healthcare residential setting.
The property is situated right off Pelican Lake in Orr, Minnesota, and is offered for sale on 3.65 acres.
With over 19,000 square feet of space and a prior assisted living use, the facility is designed to operate as a healthcare residential setting.
Key Highlights
- Turn‑key 29‑unit assisted living facility on 3.65 acres
- Built in 2013 and previously used as an assisted living facility
- Over 19,000 SF facility space
Local Financial Insights For Apartment 5plus
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 | $301.0k | $15.84 |
| − Vacancy | −$18.1k | −$0.95 |
| EGI | $282.9k | $14.89 |
| − OpEx | −$127.3k | −$6.70 |
| NOI | $155.6k | $8.19 |
19,000 SF · lease $15.84/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,596 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $515,928 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carefree Living Orr
Nursing Home
Similar For Sale Nearby
Similar Off Market Nearby
- Carefree Living Orr — 4576 Lake St, Orr, MN 55771
FAQs
What type of property is this?
Assisted living facility - Turn-key 29-unit assisted living facility built in 2013 with a commercial-grade kitchen.
Where is this assisted living facility located?
The property is located at 4576 Lake St Orr, MN.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Turn‑key 29‑unit assisted living facility on 3.65 acres; Built in 2013 and previously used as an assisted living facility; Over 19,000 SF facility space
