Real Estate For Sale in...
 

5339 W Highway 61, Lutsen, MN 55612

$1,575,000
2 BR , 1 full BA, 2 ¾BA Commercial Property MLS# 2279185 ID: 36398067
$1,575,000 Get Rates

Commercial - Lutsen, MN
Super opportunity to own most of downtown Lutsen! Approx. 9 acres bordered by a creek, this commercial hotspot hosts 5 commercial businesses and a lot of apartments with good long term renters! 13 lot trailer park has been established since the 70's, with each trailer owner paying lot rent. The land itself is gorgeous, and the commercial access is excellent. New compliant commercial septic system is currently being used at approx. 50% capacity, plenty of room to expand with zero lot line setbacks for Lutsen General Commercial zoning. Rental housing is in high demand in the Lutsen area, all rentals are full with long term history. Current owner will lease back or move, potential additional income from commercial space and garage/warehouse storage. Rare opportunity for commercial investment in downtown Lutsen!

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Location Information near 5339 W Highway 61
Offered by Kim Wolff at Timber Wolff Realty LLC

Would you like more information regarding this property?
Please call (218) 663-8777.

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Property Features for 5339 W Highway 61
Status
Market Status
Available
Last Updated
August 18, 2017
Description
Property Type
Commercial Property
Year Built
2003
Bedrooms
2 BR
Baths
1 full BA; 2 ¾BA
Stories
3.0
Approx. Lot Size
9 Acres

Building Features

  • Heating System: Radiant
  • Roof: Asphalt
  • Stories: 3.0
  • Heating Fuel: Oil

Exterior Features

  • Exterior Construction: Aluminum Siding
  • Garage: Attached
  • Parking: Driveway; Heated; 1 space

Legal/Financial

  • Taxes: 10772 (2014)

Listing Features

  • Property Type: Commercial; Commercial

Room Details

  • Additional Areas: Bedroom; Bedroom; Full Bath; One-Quarter Bath; One-Quarter Bath; One-Quarter Bath; One-Quarter Bath; Three-Quarter Bath; Three-Quarter Bath
  • Kim Wolff
  • Timber Wolff Realty LLC

Data Provided by:
Duluth Area Association of Realtors, Inc.

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More information about this $1,575,000 Commercial Property at 5339 W Highway 61

This $1,575,000 Commercial Property at 5339 W Highway 61 in Lutsen, MN is presented by Kim Wolff. This $1,575,000 Commercial Property, located in the 55612 zip code, has the following property features: Taxes, Additional Areas, Stories, Roof. This 5339 W Highway 61 Commercial Property, located in Cook County , is listed under MLS listing number 2279185, has 2 beds, 3 baths, and has a listing price of $1,575,000. You can find more LUTSEN homes for sale here.