Building Details

Building Size 19,140 SF

Year Built 1983

Listing Agency: Crary Real Estate r***@squarefootcommercial.com Show Phone

Listed By: Ryan Bohn · License #ND #7070

Source: Squarefootcommercial

Added: Mar 6 Changed: Aug 18 Last Checked: Aug 20 at 5:17AM

Report an Issue

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 Crary Real Estate

Investment Insights

Based on property information with market context.

This 19,140 square foot apartment building, constructed in 1983, is located on the NE Side of Warroad. It features 18 units with a mix of one to three-bedroom layouts. Rents range from $600 to $800. Each unit includes either a patio or balcony and are all above grade. The owner is responsible for boiler heat, while electricity is metered to the tenants. The property offers a stable rental history and strong investment potential.

Key Highlights

• Strong investment potential
• Desirable Warroad location
• Attractive unit mix of 1 to 3 bedroom units

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Bakery Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

218

Businesses Nearby

Explore this area Business Placement

Demographics for 56763, MN

5,132

Population

2,347

Households

2.2

Avg Household Size

41

Median Age

21%

College-Educated

92%

High-School Grad

262.9 sq mi

ZIP Area

20

Density / Sq Mi

$70,357

Median Household Income

$47,471

Median Earnings

$830

Median Rent

$184,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Turnkey Freestanding Retail/Office Building

111 Wabasha Ave Ne, Warroad, MN 56763

$168,000

1,200 SF

View details

Multifamily Property with Baseboard Heat

37597 Lakeview Drive, Warroad, MN 56763

$329,900

2,912 SF

View details

Steel Specialty Animal Facility

37534 580th Avenue, Warroad, MN 56763

Contact for pricing

2,880 SF

View details

Hampton Inn in Hockeytown USA

109 State Ave, Warroad, MN 56763

$11,385,195

View details

Waterfront Marina Land Opportunity

156 Lakeview Drive, Warroad, MN 56763

Contact for pricing

View details

Renovated Mixed-Use Building Downtown

408 Lake Street NE, Warroad, MN 56763

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Apartment building - 18-unit apartment building in Warroad, MN with strong investment potential.

Where is this apartment building located?

The property is located at 525 Nelson St NE Warroad, MN.

What is the asking price?

The asking price for this property is $885,000.

What are key features of this property?

This property features: Strong investment potential; Desirable Warroad location; Attractive unit mix of 1 to 3 bedroom units