218-829-1777
MLS# 7140632 - 30973 Rasmussen Road Pequot Lakes, MN 56472
Baxter Office

15244 State Hwy 371
Baxter, MN 56425
218-829-1777
info@positiverealty.com

Nisswa Office

4820 County Rd. 77
Nisswa, MN 56468
218-829-1777
info@positiverealty.com

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Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional landscaping, and numerous cosmetic updates. The spacious interior features vaulted ceilings, a generous primary suite with private bath, updated bathrooms, quartz countertops, upgraded lighting and fixtures, and a well-appointed kitchen. Enjoy the large deck, private backyard, and inviting front porch. Home is being sold fully furnished with high-end furnishings, décor, appliances, and household items. Strong rental history: approximately $40,000 in rental income in 2025 through a combination of long-term and Airbnb rentals. The property is on track for approximately $40,000 in 2026 through a long-term rental. Current tenant is leased through May 31, 2027, providing established rental income for the new owner. Rental demand has been strong, with four prospective tenants expressing interest within 72 hours when the property was offered for rent. Enjoy the convenience of being just one block from downtown, with restaurants, churches, shops, schools, and everyday amenities within easy walking distance. Families will appreciate the proximity to Pequot Lakes schools, including highly regarded Pequot Lakes High School. Outdoor enthusiasts will enjoy nearby access to the Paul Bunyan Trail, offering approximately 115 miles of trails for biking and snowmobiling. Highway 371 is just minutes away for convenient access throughout the Brainerd Lakes Area. Turnkey. Fully furnished. Updated. Income-producing. Leased through May 2027. Exceptional downtown location. A rare opportunity to own a versatile property with proven rental performance and immediate income already in place.

Edina Realty, Inc. is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 9/11/2026 11:31:00 PM.
Equal Housing Opportunity.

Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional landscaping, and numerous cosmetic updates. The spacious interior features vaulted ceilings, a generous primary suite with private bath, updated bathrooms, quartz countertops, upgraded lighting and fixtures, and a well-appointed kitchen. Enjoy the large deck, private backyard, and inviting front porch. Home is being sold fully furnished with high-end furnishings, décor, appliances, and household items. Strong rental history: approximately $40,000 in rental income in 2025 through a combination of long-term and Airbnb rentals. The property is on track for approximately $40,000 in 2026 through a long-term rental. Current tenant is leased through May 31, 2027, providing established rental income for the new owner. Rental demand has been strong, with four prospective tenants expressing interest within 72 hours when the property was offered for rent. Enjoy the convenience of being just one block from downtown, with restaurants, churches, shops, schools, and everyday amenities within easy walking distance. Families will appreciate the proximity to Pequot Lakes schools, including highly regarded Pequot Lakes High School. Outdoor enthusiasts will enjoy nearby access to the Paul Bunyan Trail, offering approximately 115 miles of trails for biking and snowmobiling. Highway 371 is just minutes away for convenient access throughout the Brainerd Lakes Area. Turnkey. Fully furnished. Updated. Income-producing. Leased through May 2027. Exceptional downtown location. A rare opportunity to own a versatile property with proven rental performance and immediate income already in place.

Edina Realty, Inc. is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 9/11/2026 11:31:00 PM.
Equal Housing Opportunity.

Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional landscaping, and numerous cosmetic updates. The spacious interior features vaulted ceilings, a generous primary suite with private bath, updated bathrooms, quartz countertops, upgraded lighting and fixtures, and a well-appointed kitchen. Enjoy the large deck, private backyard, and inviting front porch. Home is being sold fully furnished with high-end furnishings, décor, appliances, and household items. Strong rental history: approximately $40,000 in rental income in 2025 through a combination of long-term and Airbnb rentals. The property is on track for approximately $40,000 in 2026 through a long-term rental. Current tenant is leased through May 31, 2027, providing established rental income for the new owner. Rental demand has been strong, with four prospective tenants expressing interest within 72 hours when the property was offered for rent. Enjoy the convenience of being just one block from downtown, with restaurants, churches, shops, schools, and everyday amenities within easy walking distance. Families will appreciate the proximity to Pequot Lakes schools, including highly regarded Pequot Lakes High School. Outdoor enthusiasts will enjoy nearby access to the Paul Bunyan Trail, offering approximately 115 miles of trails for biking and snowmobiling. Highway 371 is just minutes away for convenient access throughout the Brainerd Lakes Area. Turnkey. Fully furnished. Updated. Income-producing. Leased through May 2027. Exceptional downtown location. A rare opportunity to own a versatile property with proven rental performance and immediate income already in place.

Edina Realty, Inc. is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 9/11/2026 11:31:00 PM.
Equal Housing Opportunity.

Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional landscaping, and numerous cosmetic updates. The spacious interior features vaulted ceilings, a generous primary suite with private bath, updated bathrooms, quartz countertops, upgraded lighting and fixtures, and a well-appointed kitchen. Enjoy the large deck, private backyard, and inviting front porch. Home is being sold fully furnished with high-end furnishings, décor, appliances, and household items. Strong rental history: approximately $40,000 in rental income in 2025 through a combination of long-term and Airbnb rentals. The property is on track for approximately $40,000 in 2026 through a long-term rental. Current tenant is leased through May 31, 2027, providing established rental income for the new owner. Rental demand has been strong, with four prospective tenants expressing interest within 72 hours when the property was offered for rent. Enjoy the convenience of being just one block from downtown, with restaurants, churches, shops, schools, and everyday amenities within easy walking distance. Families will appreciate the proximity to Pequot Lakes schools, including highly regarded Pequot Lakes High School. Outdoor enthusiasts will enjoy nearby access to the Paul Bunyan Trail, offering approximately 115 miles of trails for biking and snowmobiling. Highway 371 is just minutes away for convenient access throughout the Brainerd Lakes Area. Turnkey. Fully furnished. Updated. Income-producing. Leased through May 2027. Exceptional downtown location. A rare opportunity to own a versatile property with proven rental performance and immediate income already in place.

Edina Realty, Inc. is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 9/11/2026 11:31:00 PM.
Equal Housing Opportunity.