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Active
Listed
$950,000
/mo   Edit
MLS# 5226021
5358 W Highway 61
Lutsen Twp, MN 55612
Commercial
Built 1928
1.85 acres
Cook County schools
Info: 763-576-8286
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    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!
    List Price: $950,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1928
    City: Lutsen Twp
    Zip Code: 55612

    Interior

    Building Fin Sq Ft: 2,220 ft²
    Basement Details: Walkout, Partial

    Exterior

    Heating System: Hot Water, Boiler
    Foundation Size: 1,620 ft²
    Handicap Accessible: Wheelchair Ramp
    Exterior Material: Brick/Stone, Wood
    Garage Spaces: 0
    Other Parking Spaces: 20

    Lot

    Acres: 1.85
    Latitude: 47.64562400
    Longitude: -90.67800900
    Lot Size Dim.: 1.85 acres
    Zoning: Business/Commercial

    Schools

    School District: 166 - Cook County
    District Phone: 218-387-2271

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $2,186
    Assessment Pending: No
    Taxes w/ Assessments: $2,186

    Unit

    Total Rooms in Unit 2: 1
    Total Units: 1

    Miscellaneous

    Current Use: Restaurant, Commercial, Retail
    Fuel System: Propane
    Owner Occupied: N
    Sale Includes: Building, Land, Fixture/Equipment, Business
    Sewer System: Private
    Water System: Well

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    Listing provided by RMLS, courtesy of Coldwell Banker Northwoods Rea