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    Property profile & analytics
    OFF-MARKET Estimated value $1,405,000
    Apartment buildings

    4576 Lk St, Orr, MN 55771-8309

    19,629 SF 3.65 ac lot Built 2013
    Entity Owned 11-yr Hold
    Property ID
    US46-1629318
    Property summary
    AI-generated overview

    This exceptional commercial property presents a unique investment opportunity in the desirable town of Orr, Minnesota. Situated on a picturesque 3.65-acre lot directly adjacent to Pelican Lake, this turnkey facility boasts 19,629 square feet of space and comprises 29 individual units. Originally designed and operated as an assisted living facility, the building offers immense potential for a variety of commercial uses. Constructed in 2013, the property has been meticulously maintained and is in excellent condition. A significant feature is the inclusion of a fully equipped commercial-grade kitchen, ideal for catering, food service, or other businesses requiring large-scale food preparation. The property's prime location and substantial size make it an attractive proposition for entrepreneurs and investors seeking a versatile and well-maintained commercial space in a stunning lakeside setting. The building's recent history as an assisted living facility provides a solid foundation for potential repurposing, while its size and amenities offer flexibility for a wide range of commercial ventures. The expansive acreage provides ample parking and potential for future expansion or outdoor amenities. This is a rare opportunity to acquire a substantial, well-maintained commercial property in a highly desirable location. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 2013
    Total area 19,629 SF
    Lot 3.65 ac (158,994 SF)
    APN 180-0050-00120
    UPID US46-1629318
    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
    Current use
    Occupant on record · Public records
    • Carefree Living Orr Nursing Home Retirement Community
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.38M
    Blend (final) Blend
    $1.41M
    Owner & transaction history
    Orr Carefree Living INC · 11 yrs held
    Orr Carefree Living INC
    since 2014
    4 recorded transactions
    2014
    2013
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.1M +23.2%
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