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    OFF-MARKET
    Commercial real estate

    8335 Us Highway 169, Garrison, MN 56450

    1 SF 22 ac lot Built 1950
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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