Date
Details
Price
Change
Source
7/29/2026
Listed
$999,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$999,900 Just Listed
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Property Description
Positioned in the vibrant heart of Crosslake, this exceptional mixed-use commercial property presents a rare opportunity to acquire a distinguished investment in one of Minnesota's most sought-after lake communities. Encompassing approximately 10,000 square feet, the property combines enduring value with a thriving tenant base - offering both stability and long-term potential. Home to seven established businesses, the building is anchored by respected local tenants including The North Salon, Up North Social, Wing Wellness, and several additional complementary businesses that contribute to the property's strong community presence and consistent foot traffic. With a carefully curated mix of tenants, the property enjoys reliable occupancy and broad appeal. Generating a substantial and impressive annual net rental income, this investment offers immediate cash flow while providing opportunities for future appreciation in a market where well-located commercial properties are increasingly limited (only 1 lower level rental space currently available!). Its prominent location in the center of Crosslake places it within easy reach of year-round residents, seasonal visitors, and the region's vibrant tourism economy. Whether expanding an investment portfolio or securing a landmark commercial asset in the Brainerd Lakes Area, this offering represents a compelling combination of location, income, and enduring market appeal. Rarely does a property of this caliber become available in the heart of Crosslake-an opportunity defined by exceptional positioning, established tenancy, and lasting investment potential.
Full Property Details
Full Property Details for 35494 Co Rd 3
General
- Price: $999,900
- Taxes: $9,395 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7114694
- Updated: 7/30/2026
- Added to Site: 2 day(s) ago
Exterior
- Porch/Patio/Deck: Deck, Wrap Around
Parking
- Parking Features: Asphalt, Parking Lot, Paved Lot, Open
Location
- County: Crow Wing
- Township: Crosslake
- Driving Directions: County Rd 3, Northeast from Crosslake round-a-bout, next door to Frandsen Bank - to #35494 and for sale sign.
School Information
- School District: 186 - Pequot Lakes
- High School District: Pequot Lakes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: Well
- Utility Description: Electric Separate, Heating Separate
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Full, Partially Finished
- Foundation Size: 5115
- Roof: Shake, Asphalt
- Disability Access: Partially Wheelchair
- Square Feet: 10,465
- Finished Down/Base.: 10,465 Sq. Ft.
- Current Bldg. Use: Beauty/Barber Shop, Office, Professional Service, Restaurant
- Year Built: 1987
Lot Features
- Lot Size (Acres): 6.68
- Lot Dimensions: Irregular
- Frontage: County Road
- Potential Use: Office, Other, Professional Service, Restaurant, Shop
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $9,395
- Tax Year: 2026
- Terms: Conventional, Cash
- Tenant Pays: Electricity, Heat
- Pays Electric: Tenant Pays
- Pays Heat: Tenant Pays
Disclosures and Reports
- Legal Description: THAT PT OF SE1/4 OF NW1/4 SEC 21 DAF: BEG AT SE COR OF SD SENW THEN S 89D 53'47" W ALG S LINE OF SD SENW A DIST OF 1208.83 FT THEN N 19D 25' E A DIST OF 500.51 FT MOL TO C/L OF CSAH 3 THEN SE'LY & E'LY ALG SD C/L TO E LINE OF SD SENW THEN S'LY ALG SD E L INE TO POB. SUBJ TO ROW OF CSAH 3 & 37. SUBJ TO ESMNTS OF REC. EXC THAT PT OF SENW SEC 21 DAF: COMM AT SE COR OF SD QTR-QTR THEN S 89D 53'47" W ASSM BEAR ALG S LINE OF SD QTR-QTR A DIST OF 937.93 FT TO POB OF TRACT TO BE HEREIN DESC THEN CONT S 89D 53'47" W ALG SD S LINE 270.9 FT THEN N 19D 25' E 212.2 FT THEN N 89D 53'47" E PARA/W S LINE OF S
- Inclusions: Building, Land, Leases
- Property ID: 14210755
Listed by Northland Sotheby's International Realty
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Listing agents
— 35494 Co Rd 3 —
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NMLS#: 1598647
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Schools
Schools serving 35494 Co Rd 3
School District:Pequot Lakes Public Schools
| Name | Grades | Distance |
|---|---|---|
Eagle View Elementary School 6539 County Road 11, Breezy Point, MN 56472 | PK-4 | 8.8 mi |
Pequot Lakes Middle School 30805 Olson Street, Pequot Lakes, MN 56472 | 5-8 | 11 mi |
Pequot Lakes Senior High School 30805 Olson Street, Pequot Lakes, MN 56472 | 9-12 | 11 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 35494 Co Rd 3
Tax History
Tax History for 35494 Co Rd 3
Year
Property Taxes
Change
Tax Assessment
Change
2026
$9,420
48%
$651,100
10%
2024
$6,352
-2%
$589,400
26%
2023
$6,482
—
$467,200
7%
2023
$6,482
-20%
$435,800
7%
2021
$8,136
-5%
$406,200
-1%
2020
$8,550
—
$410,900
2%
2020
$8,550
-4%
$404,800
-1%
2019
$8,912
3%
$410,900
—
2018
$8,686
-9%
$412,800
-1%
2017
$9,512
-12%
$416,800
-8%
2016
$10,802
1%
$452,800
-1%
2015
$10,678
-7%
$456,300
-6%
2014
$11,480
46%
$485,700
40%
2013
$7,857
—
$347,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 35494 Co Rd 3
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35494 County Road 3, Crosslake, MN 56442 (MLS# 7114694) is a Commercial property. 35494 County Road 3 is currently listed for $999,900 and was received on July 29, 2026. Want to learn more about 35494 County Road 3? Do you have questions about finding other Commercial real estate for sale in Crosslake? You can browse all Crosslake real estate or contact a Coldwell Banker agent to request more information.