Under $200K Investment Properties for Sale in Grand Marais, MN
167- - Bed
- - Bath
- 640 sft
188- 3 Bed
- 1 Bath
- 845 sft
59- - Bed
- - Bath
- 260 sft
161- 2 Bed
- 1 Bath
- 1524 sft
- 1 Bed
- 1 Bath
- 600 sft
129- 3 Bed
- 1 Bath
- 3383 sft
146- 3 Bed
- 2 Bath
- 2017 sft
133- 3 Bed
- 1 Bath
- 1350 sft
154- 2 Bed
- 1 Bath
- 1024 sft
- 1 Bed
- 1 Bath
- 707 sft
174- 3 Bed
- 1 Bath
- 1535 sft
-- 2 Bed
- 1 Bath
- 672 sft
132- 2 Bed
- 1 Bath
- 964 sft
372- 2 Bed
- 2 Bath
- 1357 sft
- 1 Bed
- 1 Bath
- 735 sft
- 1 Bed
- 1 Bath
- 668 sft
154- 3 Bed
- 1 Bath
- 2252 sft
- 3 Bed
- 3 Bath
- 2316 sft
174- 2 Bed
- 1 Bath
- 796 sft
179- 3 Bed
- 1 Bath
- 815 sft
127- 3 Bed
- 2 Bath
- 2694 sft
174- 3 Bed
- 1 Bath
- 1684 sft
180- 2 Bed
- 2 Bath
- 1330 sft
- 1 Bed
- 1 Bath
- 650 sft
-- 3 Bed
- 2 Bath
- 1358 sft
151- 3 Bed
- 2 Bath
- 1456 sft
151- 3 Bed
- 1 Bath
- 680 sft
Why Invest in Grand Marais, Minnesota?
Investing in Grand Marais, MN, offers unique opportunities especially for properties under $200k. This charming city presents an average ROI of 7.2%, rental yield around 6.5%, and cap rates near 5.8%, making it attractive for budget-conscious investors. With average cash flow steady at $550 monthly and appreciation rates about 3%, Grand Marais balances growth and affordability. The renter-occupied rate is 42%, signifying a solid rental market fueled by local economy and tourism.
Frequently Asked Questions
Properties under $200k in Grand Marais typically include smaller single-family homes and some condos. These affordable options provide good entry points for new investors and often have solid rental potential.
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