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MLS # 5226021 - $950,000

5358 W Highway 61 - Lutsen, MN 55612

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Property Description

$950,000  |  MLS # 5226021  |  5358 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 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!

Property Details

$950,000  |  MLS # 5226021  |  5358 W Highway 61 - Lutsen, MN 55612

Class: CMU
Acres: 1.850
Lot Size Dimensions: 1.85 acres
Garage Description: Driveway - Asphalt
Additional Parking: 20
Exterior Type: Brick/Stone,Wood
Basement Type: Walkout,Partial
Fuel Type: Propane
Heating Description: Hot Water,Boiler
Sewer: Private
Water: Well
Handicap Access: Wheelchair Ramp
Courtesy Listing: Coldwell Banker Northwoods Rea

Additional Details

County Name: Cook
Tax Year: 2019
Taxes: $2,186
Zoning: Business/Commercial
Year Built: 1928
School District: 166 - Cook County
School District Phone: 218-387-2271
Lender Owned: No

Approximate Location

$950,000  |  MLS # 5226021  |  5358 W Highway 61 - Lutsen, MN 55612

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$950,000  |  MLS # 5226021  | 

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