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    Cook, MN
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    Cook, MN Retail Space for Sale

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    Angora, MN Orr, MN Tower, MN
    Highway 53 Commercial Opportunity
    Updated: Oct 13, 2023
    Highway 53 Commercial Opportunity

    10 S Highway 53, Cook, MN 55723

    $399,000
    8,640 sqft · 0.65 AC lot
    High‑traffic commercial location on Hwy 53, near McDonalds & Lucky Seven.
    City water and sewer access.
    Large 11,376 SF building.
    0.65 acre corner lot.
    Lake Vermilion area.
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    This listing looks promising.

    Here's a quick look at some key insights for

    10 S Highway 53, Cook, MN 55723

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $34K
      Annual

    • Price @ 7% Cap

      $488K
      Above asking

    • Property Type

      Commercial (General)
      Built 1979
    View Property Analytics
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Cook, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Nordic-Inspired Home Goods Boutique
    Nordic-Inspired Home Goods Boutique

    303 Main Street, Tower, MN 55790

    $250,000

    Retail storefront along a busy corridor, offering a curated home goods selection and visibility to local and seasonal shoppers.

    View details
    Heated Storage and Office Site
    Heated Storage and Office Site

    4303 Hwy 53 N, Orr, MN 55771

    $229,000
    4.77 AC lot

    Multi-use property with a heated storage building, office/bunk rooms, and ample parking for vehicles and trailers.

    View details
    Mixed-Use Property in Tower, MN
    Mixed-Use Property in Tower, MN

    507 Main Street, Tower, MN 55790

    $159,000

    Commercial property with residential living quarters in a prime location.

    View details
    Highway Frontage Retail/Office Space
    Highway Frontage Retail/Office Space

    4303 Hwy 53, Orr, MN 55771

    $229,000
    2,016 sqft

    Retail and office space with high visibility highway frontage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime PUD-Zoned Land Opportunity
    Prime PUD-Zoned Land Opportunity

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    900 sqft · 2.07 AC lot

    2.07 acres of PUD-zoned land in a growing corridor.

    View details

    Cook, MN Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Cook, MN on our real estate platform. These investment opportunities span a total of 8,640 square feet of properties for sale, with an estimated market value of $399,000.

    Sale prices for retail space in Cook, MN start at $399,000, averaging $399,000, and reaching up to $399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Automotive properties 2
    Car washes 1
    Storefront properties 1

    Demographics Overview

    Population 1,861
    Population Growth (5Y) -16.4%
    Median Household Income $63,958
    College Educated 32.4%

    High-Yield Neighborhoods for Investment

    Identify Cook submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55723 $448.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.01%
    Property Tax per SF $22.69 per SF
    Tax Rate vs County Average 0.57 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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