37124 US 71 - Freestanding FOR SALE


Lake George, MN 56458
$175,000 USD
218-760-2637
37124 US 71, Lake George, MN for Sale
$175,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

37124 US 71
Lake George, MN 56458


OVERVIEW

Schoolcraft Gallery! Opportunity awaits with this versatile commercial property in a charming small-town setting, just 10 miles from Itasca State Park, home to the Headwaters of the Mississippi! This established gift shop, on a 1 acre lot, benefits from great visibility, with a daily average traffic count of 1,384 (2023 MnDOT data). 187 feet of frontage on Hwy 71! The property includes four distinct buildings, each with a unique history and endless possibilities: Historic Schoolhouse (Built 1905): A beautifully preserved space, ideal for art lessons, workshops, or community events. Teddy Bear Building (Built ~1983): Connected to the adjacent Log Building (Built 1997) for seamless flow. Trading Post (Built 1939): Originally a home, now serving to sell ice cream and used for office space/ storage, ready for creative repurposing. The sale includes all inventory, featuring a diverse selection of products such as Wild Rice, clothing, jewelry, and more. The shop thrives during the annual Blueberry Festival, a beloved event at the end of July that has drawn crowds for over 40 years. Local Minnesota artists showcase and sell their goods here adding to the shop’s charm and authenticity. With ample space and historic character, this property offers limitless potential—whether as a thriving retail hub, an artist studio, needed local bakery, coffee shop, or a multi-purpose creative space. The Schoolhouse is an ideal location for art classes and workshops, making this an excellent opportunity for those looking to build a cultural and artistic presence in the community. Contact today for more details!

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,488 SF

ZONING

-

APN/PARCEL ID

17.16.04700

ASK ABOUT THIS PROPERTY

Bernadette AguileraHeadwaters Realty ServicesMore Info
218-760-2637

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Bernadette AguileraHeadwaters Realty ServicesMore Info
218-760-2637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.