Opportunity knocks! This property presents a prime business opportunity. You can't beat the location just south of Grand Rapids on Hwy 169. Featuring two residential rental units that have been updated and are ready to cash flow! There is also a separate unit for a business. Recent updates include HVAC, electrical, siding, flooring, paint, and a newer roof. There is incredible visibility from Hwy 169 and ample parking. Additional land to the south is available for purchase too. Just bring your vision and ideas. The seller would consider a long-term lease as well.
Unique, multi-family, lakeshore property in the heart of Grand Rapids! This triplex sits on 1+ acres of beautifully manicured grounds including a creek and 318ft of frontage on Crystal (Ice) Lake. Units 1 & 3 feature private decks overlooking the lake, while Unit 2 has a walk-out, covered patio. Units 1 & 2 have 2 bedrooms and 1 full bath each and share a 2-stall, divided garage. The larger, split-level Unit 3 has 3 bedrooms and 2 full baths with an oversized 2-stall garage. All units are currently rented to tenants who hope to stay with new ownership. This beautiful property includes a dock, walking bridge over the creek, and ample guest parking. The location cannot be beat, across the street from Yanmar Ice Arena, 1/2 mile from the Mesabi biking trailhead, near numerous parks/recreation areas, and across the lake from the Itasca County fairgrounds. Enjoy the many year-round festivals and events Grand Rapids has to offer. Don't miss this one-of-a-kind investment opportunity in a prime Northwoods location!
The median home value in Grand Rapids, MN is $257,400. This is higher than the county median home value of $197,700. The national median home value is $338,100. The average price of homes sold in Grand Rapids, MN is $257,400. Approximately 58.93% of Grand Rapids homes are owned, compared to 36.11% rented, while 4.96% are vacant. Grand Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Grand Rapids real estate agent to arrange a tour today!
Grand Rapids, Minnesota has a population of 11,056. Grand Rapids is more family-centric than the surrounding county with 30.56% of the households containing married families with children. The county average for households married with children is 25.16%.
The median household income in Grand Rapids, Minnesota is $51,498. The median household income for the surrounding county is $58,393 compared to the national median of $69,021. The median age of people living in Grand Rapids is 42.5 years.
The average high temperature in July is 78.8 degrees, with an average low temperature in January of -4.1 degrees. The average rainfall is approximately 28.1 inches per year, with 44.5 inches of snow per year.