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37124 US 71 1,581 SF 100% Leased Retail Building Lake George, MN 56458 $188,449 CAD ($119.20 CAD/SF)

EXECUTIVE SUMMARY
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!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,581 SF
Building Class
B
Year Built
1905
Price
$188,449 CAD
Price Per SF
$119.20 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
0.42 AC
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Presented by
Headwaters Realty Services
37124 US 71
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