For Sale: Pequot Lakes MLS# 7110922
Active
$675,000
Commercial: 2 Stories
Built 1964
0.13 acres
Pequot Lakes schools
MLS# 7110922
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Property Description
Live, Work, and Thrive in Northern Minnesota’s Premier Vacation Destination!
Investment Opportunity: Commercial Building with Attached 2-BR, 2-BA Living Quarters plus an attached garage.
Turn your entrepreneurial dreams into reality with this versatile, high-visibility commercial property nestled in the heart of Pequot Lakes. Currently used a dance studio (inventory included) this property is perfect for retail, a boutique, or a professional office. This property offers the ultimate live-work setup or an incredible dual-income stream.
Property Highlights:
• Prime Commercial Space: Bright, open-concept retail or office storefront with large display windows, high foot traffic, and excellent street visibility.
• Move-In Ready Residence: A private, attached 2-bedroom, 2-bathroom home with an attached garage featuring a modern layout, spacious living area, full kitchen and backyard patio/garden space—perfect for an owner-operator or rental income.
• Unbeatable Location: Situated in a vibrant, high-demand tourist corridor surrounded by legendary lakes, premier golf courses, and year-round outdoor recreation.
• Turnkey Convenience: Imagine walking a few steps to your own business in the morning, greeting a steady stream of seasonal and local customers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Property Type:
Commercial
City:
Pequot Lakes
Garage Spaces:
1
County:
Crow Wing
Year Built:
1964
State:
MN
Property Style:
2 Stories
Zip Code:
56472
Subdivision Name:
Coles Plat of Pequot
Interior
Ceiling Height:
Varied Heights
Flooring:
Luxury Vinyl Tile, See Remarks
Refrigerators:
One
Appliances Included:
- Dishwasher
- Dryer
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
- Block
- Partial
Exterior
Stories:
Two
Garage Spaces:
1
Garage Dimensions:
12x23
Garage Size:
276 ft2
Garage Door Height:
9
Garage Door Width:
7
Air Conditioning:
Central Air
Foundation Size:
3,600 ft2
Foundation Dimensions:
40x40 40x50
Fencing:
Wood
Handicap Accessible:
No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Finished Garage
- Garage Door Opener
- Heated Garage
- Insulated Garage
Unit Amenities:
- Cable
- City View
- Kitchen Window
- Paneled Doors
- Patio
- Porch
- Washer/Dryer Hookup
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
- Concrete
- Frame
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
46.6027277623, -94.3114773767
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Lot Dimensions:
46 x 100 x 67 x 50 x 21 x 50
Zoning:
- Business/Commercial
- Other
Lot Description:
Irregular Lot
Farm
Topography:
Level
Schools
School District:
186
District Phone:
2185684996
Expenses
Annual Electric Expense:
$1,253
Annual Fuel Expense:
$1,773
Annual Insurance Expense:
$5,000
Annual Maintenance Expense:
$500
Annual Trash Expense:
$408
Annual Water/Sewer Expense:
$677
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,880
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,880
Income
Annual Gross Income:
$116,000
Rent
Annual Net Income:
$23,000
Units
Total Units:
1
Miscellaneous
Current Use:
- Professional/Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
Power Company Name:
Minnesota Power
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Kurilla Real Estate LTD.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.