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MLS # 6082552 - $950,000

5362 W Highway 61 - Lutsen, MN 55612

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Property Description

$950,000  |  MLS # 6082552  |  5362 W Highway 61 - Lutsen, MN 55612

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, BIKE TRAILS AND MOST IMPORTANTLY MAJESTIC LAKE SUPERIOR. LOCKPORT IS FAMOUS FOR ITS HOMEMADE BAKERY ITEMS, MENU, COFFEE CLUB, ONE STOP GENERAL STORE, GIFT SHOP 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 IN THE HISTORY OF LOCKPORT! PLEASE TAKE A LOOK AT LOCKPORTS FACEBOOK, INSTAGRAM OR TRIPADVISOR PAGE!

Property Details

$950,000  |  MLS # 6082552  |  5362 W Highway 61 - Lutsen, MN 55612

Class: Commercial
Acres: 1.85
Courtesy Listing: Coldwell Banker Northwoods Realty

Additional Details

Taxes: $2,186
Year Built: 2019

Approximate Location

$950,000  |  MLS # 6082552  |  5362 W Highway 61 - Lutsen, MN 55612

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$950,000  |  MLS # 6082552  | 

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