Property profile

7827 Us-169 Garrison, MN 56450

OFF-MARKET
Land
6,936 SF 1.97 ac lot
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Property summary

AI-generated overview

This exceptional 1.97-acre lakeshore property in Garrison, Minnesota, presents a unique investment opportunity. The iconic Twin Pines Resort boasts a 6,936 square foot main building housing a full-service restaurant and bar, a commercial kitchen, six hotel rooms, and a full basement with office space, storage, and laundry facilities. Six additional cabins provide further lodging options. The property includes four launch boats, a 400-foot dock, and related equipment. A significant asset is the 35 fish house rentals, along with various ice road trucks and plows. The resort also benefits from 200 feet of sandy lakeshore. Built in phases (1956 and 1990), with renovations completed in 2018, the property comprises four buildings across two stories and features thirteen keys and eighteen beds. The resort currently operates with a seasonal schedule, offering substantial potential for increased revenue. The property is zoned Commercial. Shoreland and includes an existing owner's home, available for separate purchase or lease. Adjacent properties are also available for purchase by the resort buyer. The asking price of $1,490,000 includes all listed assets. Motivated sellers are willing to provide buyer support during the first year of operation.

Property profile

Verified
Property type Land
Total area 6,936 SF
Lot 1.97 ac (85,813 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7827 Us-169 Garrison, MN 56450
Garrison metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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