37
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$379,000
Est. payment /mo
7 Beds
5 Baths
0.55 Acres Lot
Active
22569 Main ST Deerwood, MN 56444
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Foleys First Add Cuyuna
MLS Listing ID 7034394
Bedrooms 7
Year Built 1920
Annual Tax Amount $2,668
Tax Year 2025
Contingent None
Lot Size 0.550 Acres
Acres 23958.0
Lot Dimensions 120x200
Property Description
Excellent investment opportunity in the heart of the Cuyuna recreation area. This well-maintained five-unit property offers a strong unit mix with two oversized one-bedroom units and three two-bedroom units, each with its own garage. The building has historic character and has been well cared for over the years. Shared coin-operated laundry provides additional income potential. Located near the Cuyuna mine pits, mountain bike trails, and many area attractions that draw visitors year-round. The current owner has experienced success with short-term rentals, presenting a potential opportunity for investors looking to explore similar use, subject to local regulations. Whether you are seeking a long-term rental investment or exploring short-term rental possibilities, this property offers strong income potential in a highly desirable recreation destination.
Location
State MN
County Crow Wing
Zoning Residential-Multi-Family
Interior
Heating Boiler, Fireplace(s)
Inclusions Building, Inventory, Land, Leases
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Covered, Detached Garage, Asphalt, Parking Lot, Open
Garage Spaces 5.0
Utilities Available Electric Separate
Present Use Residential
Building
Story Two
Foundation 2556
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Crosby-Ironton
Listed by Shanna Perez-Davis • LPT Realty, LLC.