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$399,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 7,200 Sq. Ft.
  • 0.5 Acres
  • Updated 6 hours ago
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Investment opportunity in the heart of Akeley! This well-maintained 8-unit apartment complex offers an excellent chance to own a fully occupied income-producing property in one of northern Minnesota's most desirable lake regions. Situated on a convenient half-acre city lot, the property features eight 1-bedroom, 1-bath units with updated flooring, spacious layouts, city water and sewer, separate electric service, and ample off-street parking. Tenants enjoy easy access to downtown Akeley, Walker, Leech Lake, and the area's endless outdoor recreation opportunities including boating, fishing, ATV trails, snowmobiling, hunting, and public land access. The property is located just minutes from local restaurants, shopping, parks, and area employers, making it an attractive housing option year-round. The building consists of approximately 7,200 finished square feet and has demonstrated strong rental demand with stable occupancy. Utilities are separately metered for electric, while the property benefits from low-maintenance vinyl siding and a straightforward management structure. Whether you're looking to expand your investment portfolio or acquire a turnkey multifamily asset in a growing recreational market, this property delivers immediate cash flow and long-term upside potential. Financial information available upon request.

Full Property Details for 30 Graceson Ave S

General

  • Price: $399,000
  • Taxes: $5,068 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7083985
  • Updated: 6/2/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Dishwasher, Electric Water Heater, Range, Refrigerator
  • Flooring: Carpet, Concrete Slab, Luxury Vinyl Plank, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Amenities: Ceiling Fan(s), Main Floor Primary Bedroom

Parking

  • Parking Features: Gravel, Guest Parking, On-Street Parking Only

Location

  • County: Hubbard
  • Township: Akeley
  • Subdivision: Orignal Townsite/Akeley
  • Driving Directions: From the Shell gas station in Akeley go west one Blk then turn Left at Graceson Ave. Property is then on the left.

School Information

  • School District: 113 - Walker-Hackensack-Akeley
  • High School District: Walker-Hackensack-Akeley

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Exterior Const.: Block, Concrete
  • Basement: Yes
  • Foundation Size: 7200
  • Roof: Age Over 8 Years, Metal, Pitched
  • Ceiling Height: 8-10
  • Disability Access: Other
  • Square Feet: 7,200
  • Finished Down/Base.: 7,200 Sq. Ft.
  • Current Bldg. Use: Commercial
  • Year Built: 1997

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.5
  • Lot Dimensions: 165 x 132 x 165 x 132
  • Frontage: Paved Streets, Unpaved Streets
  • Zoning: Business/Commercial
  • Lot Description: Cleared

Financial Considerations

  • Tax Amount: $5,068
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Tenant Pays: Electricity, Heat, Hot Water
  • Pays Electric: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: .50 AC AKC TOWNSITE OF AKELEY LOTS 27 & 28 BLK 5
  • Inclusions: Building, Business, Land, Leases
  • Property ID: 293706110
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 30 Graceson Ave S —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 30 Graceson Ave S

School District:Walker-Hackensack-Akeley School District
NameGradesDistance
W.H.A. Elementary School
301 4th Street South, Walker, MN 56484
PK-69.7 mi
Walker-Hackensack-Akeley Sec.
301 4th Street South, Walker, MN 56484
7-129.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 30 Graceson Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/02/2026
Listed
$399,000
8.72%
MLS
4/10/2025
Sold
$367,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 30 Graceson Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,812
-5%
$293,800
-11%
2024
$5,054
36%
$328,800
15%
2023
$3,727
-39%
$285,700
51%
2022
$6,071
88%
$189,500
3%
2021
$3,223
-4%
$183,300
18%
2020
$3,372
-3%
$154,900
-3%
2020
$3,494
14%
$159,000
24%
2018
$3,054
13%
$128,500
-2%
2017
$2,696
—
$131,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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30 Graceson Avenue S, Akeley, MN 56433 (MLS# 7083985) is a Commercial property. 30 Graceson Avenue S is currently listed for $399,000 and was received on June 02, 2026. This property is listed by Chris Cullen Real Estate Group from our Crosslake Office.Want to learn more about 30 Graceson Avenue S? Do you have questions about finding other Commercial real estate for sale in Akeley? You can browse all Akeley real estate or contact a Coldwell Banker agent to request more information.

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