107 Minnesota Avenue E Walker, MN 56484 - Leech Lake
For Sale MLS# 7021063
Other
Details for 107 Minnesota Avenue E
MLS# 7021063
Description for 107 Minnesota Avenue E, Walker, MN, 56484 - Leech Lake
Exceptional investment opportunity in Walker, Minnesota overlooking the shores of Leech Lake. This fully remodeled 14-unit apartment property offers immediate income potential with a cap rate over 7%, along with making it one of northern Minnesota’s most desirable lake destinations.The unit mix includes one spacious 3-bedroom, 1-bath apartment, ten 1-bedroom, 1-bath apartments, and three efficiency units. All units have been recently renovated, delivering modern finishes, updated interiors, and turnkey appeal for both long-term tenants and short-term guests. Three units are currently operating as Airbnb rentals, creating diversified revenue streams and strong seasonal income potential driven by year-round tourism.The property’s elevated setting provides scenic lake views and easy access to Walker’s vibrant downtown, known for its local shops, dining, marina access, and recreational opportunities. Residents and guests enjoy proximity to boating, fishing, snowmobiling, and trail systems that make this region a consistent draw for visitors.Located just a short drive from Park Rapids and Nevis, the property benefits from steady regional traffic and a strong vacation rental market anchored by Leech Lake’s reputation as a premier outdoor destination. The extensive remodel reduces immediate capital expenses while positioning the asset for stable cash flow and long-term appreciation.Ideal for investors seeking a turnkey, mixed-use rental strategy in a high-demand lake market, this property combines location, modernization, and income diversity in one compelling package.
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 1.50 Acres
Square Feet: 5,233 sq ft
Year Built: 1950
Foundation: 5,233 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Commercial Clubs 1st Add
Number Of Units Total: 14
Current Use: Commercial,Other,Residential
County: Cass
Days On Market: 117
Construction Status: Previously Owned
School Information
District: 113 - Walker-Hackensack-Akeley
Interior Features
Accessibility: Other
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common
Cooling: Wall
Heating: Propane, Electric, Baseboard
Exterior / Lot Features
Garage Spaces: 6
Open Parking: 14
Parking Description: Detached Garage, Driveway - Asphalt, Parking Lot
Exterior: Wood
Roof: Age 8 Years or Less, Asphalt Shingles
Lot View: Lake
Lot Dimensions: 365x188x201x272
Zoning: Business/Commercial,Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Business, Road Frontage - State, City
Waterfront Details
Standard Water Body: Leech Lake
DNR Lake ID: 11020300
Water Front Features: Lake View
Lake Acres: 103,040
Lake Depth: 150 Ft.
Lake Bottom: Excellent Sand,Gravel,Hard
Lake Chain Name: Leech
Lake Chain Acreage: 117774.580
Road Between Waterfront And Home: 1
Driving Directions
From downtown Walker, go 3 blocks south on MN-371 and the property will be on the right.
Financial Considerations
Owner Pays: All Utilities
Gross Income: 150058
Tax/Property ID: 963510611
Tax Amount: 3477
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Coldwell Banker Realty
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 107 Minnesota Avenue E
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 107 Minnesota Avenue E
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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