48193 Pioneer Rd Kelliher, MN 56650
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.