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    Property profile & analytics

    48193 Pioneer Rd Kelliher, MN 56650

    • Commercial real estate
    • 1,321 SF
    • 54.27 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2554947
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 48193 Pioneer Rd

    Year built
    1965
    Lot size
    54.27 lot acres
    Property size
    1,321 SF
    Property type
    Commercial real estate

    Description

    This exceptional 54.27-acre property in Kelliher, Minnesota, presents a unique investment opportunity. Boasting approximately 3,000 feet of pristine lakeshore on Upper Red Lake, this expansive land offers unparalleled access to recreational activities. The property includes a fully furnished, three-bedroom cabin sleeping up to 13 guests, complete with a full bathroom and laundry facilities. Currently generating rental income due to existing bookings, this cabin provides immediate return on investment. A 40x60 pole barn with 16-foot sidewalls offers ample storage for boats, fish houses, or equipment, complemented by additional storage buildings on the site. A dedicated office and fish-cleaning shack cater to fishing enthusiasts, enhancing the property's appeal. The property's versatility allows for various business ventures, from a lakeside retreat to a fishing-related enterprise. The charming classic cabin, while requiring renovation, presents potential for additional accommodations or expansion. Convenient turnaround areas add to the property's functionality. This is a rare opportunity to own a substantial lakeside property with existing income streams and significant development potential, ideal for year-round enjoyment and business ventures. The 1,321 square foot main cabin is ready for immediate use. This property is priced at $789,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kelliher
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.68537
    Latitude
    48.06594
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    48193 Pioneer Rd
    Kelliher, MN 56650
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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