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$1,150,000
16 Beds ⋅ 14 Baths ⋅ 7146450 MLS
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. With its remodeled condition, diversified rental strategy, lake views, and desirable Walker location, this property presents an attractive opportunity for investors seeking established cash flow with additional income and long-term growth potential.

107 Minnesota Avenue E, Walker

Listing courtesy of Coldwell Banker Realty.

$489,000
7113706 MLS
Commercial and residential opportunity in the heart of Walker! Located in a prime, high-visibility location just blocks from downtown, this well-maintained property offers outstanding flexibility for business owners, investors, or those looking for a live/work setup. The main level features adaptable commercial space with excellent street frontage, a welcoming entry, multiple offices or work areas, and a bathroom—making it well suited for a variety of permitted business uses. The lower level includes finished residential apartments with separate entrances, providing additional living space and flexibility for a variety of occupancy options. Ample off-street parking adds convenience for occupants, clients, and guests. Whether you're an entrepreneur looking to establish your business with residential space below or an investor seeking a well-located mixed-use property in one of northern Minnesota's most sought-after lake communities, this property is full of possibilities. Just minutes from Walker's shops, restaurants, marina, and area recreation, this is an exceptional opportunity in a thriving location.

215 Garden Street, Walker

Listing courtesy of Bill Hansen Realty/Walker.

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