Property profile

8335 Us Highway 169 Garrison, MN 56450

OFF-MARKET
Commercial real estate
1 SF 22 ac lot Built 1950
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Property summary

AI-generated overview

This expansive 22+ acre property, located at 8335 US Highway 169 in Garrison, Minnesota, presents a unique investment opportunity. The site boasts over 700 feet of seller-owned lakeshore frontage, offering exceptional recreational potential. Previously operating as a resort, the property included a two-bedroom home, a cafe/game room, and seven rental cabins. While vacant since 2007, existing infrastructure includes city sewer with two hookups, and electricity is connected to the property. A well is also present on the site, although it hasn't been used since 2007. The property's amenities previously included fishing boats for rent, a boat launch suitable for group fishing excursions, and ice fishing houses. The "as is" sale presents a blank canvas for various development possibilities. Imagine transforming this location into a much-needed RV park, a revitalized resort, or a private family compound. The substantial acreage and prime lakeshore location offer significant upside for the right buyer. This is a rare opportunity to acquire a large parcel of lakeside land with existing infrastructure in a desirable Minnesota location. The property is priced at $449,000. The square footage of the existing structures is listed as 1 square foot, however, this is likely an error in the original listing and should be verified independently.

Property profile

Verified
Property type Commercial real estate
Year built 1950
Total area 1 SF
Lot 22 ac (958,320 SF)

Cap rate & NOI

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

Location

8335 Us Highway 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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