4326 Lk St Pequot Lakes, MN 56472
This exceptional commercial property, located at 4326 W Lake St in Pequot Lakes, Minnesota, presents a unique investment opportunity. The 5,200 square foot building sits on a 1.47-acre lot (approximately 253.90’ x 284.38’ x 219.80’ x 109.64’ x 25.18’ x 173.18’) and is zoned DMU-Downtown Mixed Use, offering versatility for a variety of businesses. The property features a 1,500 square foot retail space and a 3,700 square foot warehouse, ideal for businesses needing both retail and storage space. The warehouse boasts three dock-high doors (two measuring 14'W x 10'H and one 10'W x 10'H), providing convenient loading and unloading capabilities. Both the retail and warehouse areas have 7' to 8' ceilings, concrete foundations, steel roofs, and steel exteriors. The retail space includes one bathroom and central air conditioning, while the warehouse is heated by natural gas forced air. Both buildings have 100-amp single-phase electrical service and fluorescent lighting. The property is serviced by city water and sewer. Ample parking is available in a large gravel lot. Built in 1974, this property offers a blend of established infrastructure and significant potential. The asking price is $349,000 (reduced from $385,000), and the 2024 annual property tax is $2,910. This property is perfectly situated to benefit from both local and tourist traffic, making it an ideal location for expanding your business. APN: 29100973, 29100976 & 29100977.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.