107 Minnesota Avenue E, Walker, MN 56484 (MLS# 7146450)

107 Minnesota Avenue E, Walker, MN 56484

$1,150,000

Property Type: Commercial Bedrooms: 16 Baths: 14 Square Footage: 5,233 Lot Size (sq. ft.): 64,904 Status: Active

Current Price: $1,150,000 List Date: 9/19/2026 Last Modified: 9/22/2026

Overview

Description

Exceptional investment opportunity in Walker, Minnesota, overlooking the shores of Leech Lake. This fully remodeled 14-unit apartment property offers strong income potential with a cap rate over 7% in one of northern Minnesota’s most popular year-round destinations. The property features one spacious 3-bedroom, 1-bath unit, ten 1-bedroom, 1-bath units, and three efficiency units. All 14 units have been recently renovated with updated interiors and modern finishes, creating a turnkey opportunity with limited immediate capital improvements needed. Three units are currently operated as Airbnb rentals, providing a blend of long-term and short-term rental income and the opportunity to capitalize on Walker’s strong tourism market. The setting offers scenic views of Leech Lake while providing convenient access to downtown Walker, dining, shopping, marina access, and area recreation. Boating, fishing, snowmobiling, biking, and trail systems draw visitors to the area throughout the year. ... (Read more)

Listing Details MLS# 7146450

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 14
Owner Occupied: No
Road Btwn WF & Home?: Yes
Waterfront YN: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 5233
Garage Stalls: 6
Lake/Waterfront Name: Leech
Power Company: Minnesota Power
For Sale or Lease: For Sale
Acres: 1.49
Lot Dimensions: 365x188x201x272
Assessment Pending: No

Property Features

Accessible: No Stairs External; No Stairs Internal Air Conditioning: Wall Unit(s) Amenities Unit: Panoramic View Basement: None CMU Style: Apartments and Retail Construction Materials: Frame Construction Status: Previously Owned Current Use: Commercial; Hotel/Motel; Other; Residential Exterior: Wood Fencing: None Flooring: Carpet; Concrete Slab; Luxury Vinyl Plank Foundation: Slab Fuel: Electric; Propane Heating: Baseboard Internet Options: Fiber Optic; Satellite Lake Details: Excellent Sand; Hard; Sand Loan Terms: Cash; Conventional; Other Location Description: Downtown On Site Utilities: Electric Common; Heating Common Parking Characteristics: Parking Lot Potential Use: Income; Motel/Hotel; Office; Other; Retail Rent Rate per Foot: Per Month Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: One Topography: Level Water: City Water/Connected Waterfront Type: Lake View Waterfront View: North

Contract Information

Contingency: None
ListPrice: 1150000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 107
Street Name: Minnesota
Street Suffix: Avenue
Street Direction Suffix: E
Postal City: Walker
County: Cass
State: MN
Zip Code: 56484
Complex/Dev/Subdivision: Commercial Clubs 1st Add

Assessments

Tax With Assessments: 9744

Building Information

Building Finished SqFt: 5233
Building SqFt: 5233

More Information

Income and Expenses

Annual Gross Expenses: 63525
Annual Gross Income: 150058
Annual Net Income: 86533

Lake Details

Lake Acres: 103039
Lake Chain Acreage: 117774
Lake Chain Name: Leech
Lake Depth: 150

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 31
Section#: 23
Township#: 142

Sale Options

Sale Includes: Building, Business Assets, Business, Land, Leases

Unit 1

Unit Number: Yes
Monthly Rent: 975
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Level: Main Level
Unit Total SqFt: 350
Leased?: Yes
Lease Expiration Date: 2027-08-15
No. of 1 Bedroom Units: 10

Unit 10

Lease Expiration Date: 2027-08-30
Leased?: Yes
Level: Main Level
Monthly Rent: 900
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 10
Unit Total SqFt: 382

Unit 11

Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 855
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 11
Unit Total SqFt: 175

Unit 12

Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 700
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 12
Unit Total SqFt: 175

Unit 13

Lease Expiration Date: 2026-09-19
Leased?: Yes
Level: Main Level
Monthly Rent: 855
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 13
Unit Total SqFt: 175

Unit 14

Full Baths: Yes
Lease Expiration Date: 2026-09-19
Leased?: Yes
Level: Main Level
Monthly Rent: 1240
Total Bathrooms: Yes
Total Bedrooms: 3
Total Rooms: 4
Unit Number: 14
Unit Total SqFt: 1000

Unit 2

Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: Main Level
Monthly Rent: 825
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 2
Unit Total SqFt: 350

Unit 3

No. of 3 Bedroom Units: Yes
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 950
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 3
Unit Total SqFt: 350

Unit 4

Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: Main Level
Monthly Rent: 920
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 4
Unit Total SqFt: 350

Unit 5

Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 975
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 5
Unit Total SqFt: 350

Unit 6

Leased?: No
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 6
Unit Total SqFt: 382

Unit 7

Leased?: No
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 7
Unit Total SqFt: 382

Unit 8

Leased?: No
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 8
Unit Total SqFt: 382

Unit 9

Lease Expiration Date: 2026-09-19
Leased?: Yes
Level: Main Level
Monthly Rent: 985
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 9
Unit Total SqFt: 382

Unit Details

Total Units: 14

Unit Information

No. of Efficiency Units: 3

Listing Office: Coldwell Banker Realty

Last Updated: September - 22 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

107 Minnesota Avenue E, Walker, MN 56484 (MLS# 7146450)