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Property profile & analytics
OFF-MARKET
Commercial real estate

48193 Pioneer Rd Kelliher, MN 56650

1,321 SF 54.27 ac lot Built 1965
Property ID
US46-2554947
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1965
Total area 1,321 SF
Lot 54.27 ac (2,364,001 SF)
UPID US46-2554947
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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