Building Details

Year Built 2002

Listing Agency: Realty Experts, LLC Show Phone

Listed By: Matt Sparby

Source: Crexi

Added: Sep 20, 2024 Changed: Aug 17 Last Checked: Aug 17 at 5:17PM

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Investment Insights

Based on property information with market context.

Located in Squaw Lake, this property features three condo units: The Cabin, The Den, and The Lodge. Two units include 2 bedrooms and 1 full bathroom each. The third, larger unit offers 6 bedrooms and 2 full bathrooms plus 1 quarter bathroom, accommodating up to 24 people. All three units are spacious and equipped with modern amenities. A stone fireplace is located in the living room. Patio doors lead to outdoor amenities, including hot tubs, a fire pit, and a barbeque area. The property is located a few feet from the river, with a dock providing access to Round Lake and Natures Lake. The location is near Winnie, Upper Red, Blackduck, and Grand Rapids, with numerous other lakes within an hour's drive. A bar and restaurant, along with a post office, are within walking distance in Squaw Lake. Situated on the ATV and snowmobile trail, the condos are operated year-round. Two new hot tubs and a new geothermal unit were installed in the summer of 2024. The sale includes all items, from bed linens to kayaks. The property is intended for short term rental, multifamily, and residential income use.

Key Highlights

• Three condo units included: two 2‑bedroom units and one 6‑bedroom unit (sleeps up to 24).
• Popple River access with a dock*, providing access to Round Lake and Natures Lake.
• Located on ATV and snowmobile trails for year‑round recreational activities.

Property Analytics

Property Profile

Current Use

The River Condos Hotel & Motel

Suggested Use

Top Pick Plumbing Service Furniture & Home Goods Bar & Pub Hotel & Motel

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

14

Businesses Nearby

Explore this area Business Placement

Demographics for 56681, MN

271

Population

249

Households

1.1

Avg Household Size

54

Median Age

13%

College-Educated

87%

High-School Grad

161.4 sq mi

ZIP Area

2

Density / Sq Mi

$54,375

Median Household Income

$21,786

Median Earnings

$498

Median Rent

$177,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Short term rental property - Three condo units near Popple River and local amenities.

Where is this short term rental property located?

The property is located at 51997 State Highway 46 Squaw Lake, MN.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Three condo units included: two 2‑bedroom units and one *6‑bedroom unit (sleeps up to 24)*.; Popple River access with a dock*, providing access to Round Lake and Natures Lake.; Located on ATV and snowmobile trails for year‑round recreational activities.