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Grand Marais, MN

Grand Marais, MN Commercial Real Estate for Sale

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Lutsen, MN Hovland, MN

Level Commercial Land with Workshop

Updated: Jun 12

Level Commercial Land with Workshop

120 Gunflint Trl, Grand Marais, MN 55604

$265,000

Approximately 25,840 square feet, or 0.59 acres
Existing workshop on the parcel
HMU zoning in the City of Grand Marais
Level land at 120 Gunflint Trl, Grand Marais, MN
Utility easements under consideration; buyer responsible for utility‑extension costs

Commercial Office and Retail Building

Updated: Apr 12

Commercial Office and Retail Building

1807 W Highway 61, Grand Marais, MN 55604

Contact for pricing

Commercial building on the Hwy 61 corridor with off‑street parking
More than 1,100 sq. ft. of space for offices or retail conversion
Includes kitchen and bath, with potential to repurpose to residential living

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Grand Marais, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Superior National Golf Course

Superior National Golf Course

5731 Highway 61, Lutsen, MN 55612

$2,900,000

213 sqft

Premier 27-hole golf course in Lutsen, Minnesota.

Flex Space with Storage Buildings

Flex Space with Storage Buildings

83 Outer Dr, Silver Bay, MN 55614

$275,000

Commercial property with multiple enclosed structures, dedicated garage space, and parking for varied business operations.

Resort Commercial/Residential Land

Resort Commercial/Residential Land

15X Ski Hill Rd, Lutsen, MN 55612

$325,000

30.00 AC lot

Versatile 30-acre wooded parcel zoned for resort commercial and residential uses in Lutsen.

Commercially Zoned Corner Lot

Commercially Zoned Corner Lot

42 Outer Drive, Silver Bay, MN 55614

Contact for pricing

Prime commercial lot with high visibility and development potential.

Off-Market Properties in Grand Marais, MN

Consider similar Off-Market properties in Grand Marais, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

111 Wisconsin St, Unit 101

COMMERCIAL (GENERAL)

111 Wisconsin St, Grand Marais, MN 55604-5019

Unit 101

$665,000

Estimated value

5,104 sqft 0.14 AC lot

3 Wisconsin St

COMMERCIAL (GENERAL)

3 Wisconsin St, Grand Marais, MN 55604-5018

$255,000

Estimated value

1,861 sqft 0.06 AC lot

207 Wisconsin St

HOTEL-RESORT

207 Wisconsin St, Grand Marais, MN 55604-5020

$355,000

Estimated value

6,491 sqft 0.29 AC lot

6 Wisconsin St

COMMERCIAL (GENERAL)

6 Wisconsin St, Grand Marais, MN 55604-5017

$515,000

Estimated value

4,129 sqft

3 Wisconsin St

COMMERCIAL (GENERAL)

3 Wisconsin St, Grand Marais, MN 55604-5017

$305,000

Estimated value

3,519 sqft 0.09 AC lot

16 Wisconsin St

VACANT COMMERCIAL LAND

16 Wisconsin St, Grand Marais, MN 55604-5017

$270,000

Estimated value

0.14 AC lot

211 Wisconsin St

VACANT COMMERCIAL LAND

211 Wisconsin St, Grand Marais, MN 55604-5020

$190,000

Estimated value

560 sqft 0.08 AC lot

105 Wisconsin St

COMMERCIAL (GENERAL)

105 Wisconsin St, Grand Marais, MN 55604-5019

$340,000

Estimated value

4,266 sqft

20 Wisconsin St

COMMERCIAL (GENERAL)

20 Wisconsin St, Grand Marais, MN 55604-5017

$285,000

Estimated value

2,657 sqft 0.10 AC lot

115 Wisconsin St

CHARITABLE ORGANIZATION

115 Wisconsin St, Grand Marais, MN 55604-5019

$210,000

Estimated value

4,921 sqft

19 Wisconsin St

VACANT COMMERCIAL LAND

19 Wisconsin St, Grand Marais, MN 55604-5017

$195,000

Estimated value

1,617 sqft 0.07 AC lot

7 Wisconsin St

COMMERCIAL (GENERAL)

7 Wisconsin St, Grand Marais, MN 55604-5017

$310,000

Estimated value

4,086 sqft 0.09 AC lot

107 Wisconsin St

MOTEL

107 Wisconsin St, Grand Marais, MN 55604

$300,000

Estimated value

3,846 sqft

5 Wisconsin St

COMMERCIAL (GENERAL)

5 Wisconsin St, Grand Marais, MN 55604-5017

$275,000

Estimated value

1,856 sqft 0.05 AC lot

12 Wisconsin St

COMMERCIAL (GENERAL)

12 Wisconsin St, Grand Marais, MN 55604-5018

$310,000

Estimated value

702 sqft 0.17 AC lot

301 Wisconsin St

VACANT COMMERCIAL LAND

301 Wisconsin St, Grand Marais, MN 55604

$380,000

Estimated value

0.55 AC lot

14 Wisconsin St

COMMERCIAL (GENERAL)

14 Wisconsin St, Grand Marais, MN 55604-5017

$305,000

Estimated value

3,650 sqft 0.21 AC lot

15 Wisconsin St

VACANT COMMERCIAL LAND

15 Wisconsin St, Grand Marais, MN 55604-5017

$195,000

Estimated value

1,865 sqft 0.03 AC lot

17 Wisconsin St

VACANT COMMERCIAL LAND

17 Wisconsin St, Grand Marais, MN 55604-5017

$200,000

Estimated value

1,846 sqft 0.07 AC lot

601 Wisconsin St

COMMERCIAL (GENERAL)

601 Wisconsin St, Grand Marais, MN 55604

$295,000

Estimated value

3,801 sqft 0.74 AC lot

4 Wisconsin St

COMMERCIAL (GENERAL)

4 Wisconsin St, Grand Marais, MN 55604-5018

$280,000

Estimated value

1,297 sqft

789 Trout Lk Rd

HOTEL-RESORT

789 Trout Lk Rd, Grand Marais, MN 55604-3001

$250,000

Estimated value

2,624 sqft 29.04 AC lot

Grand Marais, MN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Grand Marais, MN on our real estate platform.

Sale prices for business properties in Grand Marais, MN average $265,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 3,613

Population Growth (5Y) +6.8%

Median Household Income $71,458

College Educated 68.0%

High-Yield Neighborhoods for Investment

Identify Grand Marais submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
55604	$65K

Taxes & Financing

Tax Rate (average for all types) 1.59%

Property Tax per SF $29.87 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

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