$950,000

5358 W Highway 61

Lutsen Twp MN, 55612

Description

Here is your opportunity to own one of the Lutsens most historical landmarks, Lockport. This thriving business has been the local go to for locals and tourists alike since 1928. Lockport's 6th owners say its time to pass the torch! This 1.85 acre property sits on the lake side of Hwy 61, with a roaring rapids to the north and close proximity to Lutsen resort and bike trails and most importantly majestic Lake Superior. Current business is used as a Gas Station, cafe, general store and off sale. Upstairs is used as a apartment that has strong rental history, and downstairs has ample business opportunity and has been used as a furniture store in the past. There is room to the south to expand or to build to suit. Only 10% of land in this area can be developed and the location halfway between Thunder Bay and Duluth make its location one of a kind. Strong financials and a history of sales that provide a great opportunity to live and work on the North Shore. Come write your own chapter!

Details

MLS#5226021
Sub-TypeResale
StatusActive
Year1928
Days On Site133

Features

SQ Feet2,220
Story(s)1
Units1
ZoningBusiness/Commercial

Market Activity 55612

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Area Information

StateMN
CountyCook
CityLutsen Twp
Zip Code55612
AreaLutsen (MN)
Listing VS Median (in 55612)
Price:
$950,000
low | high
Med:
$184,900
100% of Average
SqFt:
2,220
low | high
Med:
1,290
91.891891891892% of Average
$ / SqFt:
$428
low | high
Med:
$143
100% of Average
On Site:
133
low | high
Med:
125
100% of Average
Listing Updated: 09/16/2019
MLS Number: 5226021
Listing Provided By:
Michael Kellin  of  Coldwell Banker Northwoods Rea
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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