5358 W Highway 61, Lutsen Twp, 55612

Commercial - Business Opportunity, Retail/Shopping Center For Sale

$950,000

Beds
Baths
2,220Sqft
1.85Acres
1928Built
111DOM
MLS® #: 5226021
Active, 111 Days on Market

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!

Essential Information

MLS® #: 5226021
Price: $950,000
Square Footage: 2,220
Acres: 1.85
Year Built: 1928
Type: Commercial
Sub-Type: Business Opportunity, Retail/Shopping Center
Style: Business Opportunity, Retail/Shopping Center
Status: Active

Community Information

Address: 5358 W Highway 61
City: Lutsen Twp
County: Cook
State: MN
Zip Code: 55612

Amenities

Garages: Driveway - Asphalt

Interior

Heating: Hot Water, Boiler

Exterior

Exterior: Brick/Stone, Wood
Foundation: 1620

School Information

District: 166 - Cook County

Additional Information

Date Listed: May 6th, 2019
Days on Market: 111
Zoning: Business/Commercial
Current Use: Restaurant, Commercial, Retail

Listing Details

Listing Office: Coldwell Banker Northwoods Rea

Financials

$/SqFt: $428

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 of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on August 25th, 2019 at 3:35pm CDT.