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Silver Bay, MN

Silver Bay, MN Commercial Real Estate for Sale

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Beaver Bay, MN Finland, MN Schroeder, MN Two Harbors, MN

Flex Space With Multiple Outbuildings

Updated: Jul 20

Flex Space With Multiple Outbuildings

83 Outer Dr, Silver Bay, MN 55614

$275,000

4,000 sqft

4,000‑square‑foot primary building with additional enclosed space
Separate 1,520‑square‑foot storage building
240‑square‑foot garage included
More than 1 acre with varied topography and rock outcroppings
Ample parking across the commercial site

Mixed-Use Restaurant Building

Updated: Sep 10

Mixed-Use Restaurant Building

96 Outer Dr, Silver Bay, MN 55614

$249,000

2,516 sqft

Restaurant‑oriented main level with commercial kitchen setup
Pizza equipment included
Freezer compressor installed in 2025
Two upstairs rooms with an existing 3/4 bath
Upper level may support a two‑bedroom micro‑hotel, short‑term rental suite, or apartment with approvals

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.

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 3 Active listings in Silver Bay, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 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.

Storefront Building with Salon

Storefront Building with Salon

610 4th St, Two Harbors, MN 55616

$475,000

864 sqft 0.63 AC lot

Modern, accessible commercial building with salon improvements, efficient construction, and outdoor areas overlooking Lake Superior.

Maple Farm with Sugar House

Maple Farm with Sugar House

5669-1 W Park Hill Road, Finland, MN 55603

$850,000

515 sqft

Established maple syrup operation with residential improvements, production equipment, and extensive wooded acreage.

Maple Farm with Sugar House

Maple Farm with Sugar House

5669 W Park Hill Rd, Finland, MN 55603

$750,000

1,984 sqft

Established maple syrup operation paired with a well-maintained residence and modern sugar house.

Burlington Bay Lake Superior Condos

Burlington Bay Lake Superior Condos

1412 Burlington Road, Two Harbors, MN 55616

Contact for pricing

1,250 sqft

Condos with lake views, indoor pool, hot tub, and more.

Off-Market Properties in Silver Bay, MN

Consider similar Off-Market properties in Silver Bay, 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.

Silver Bay, MN 55614

COMMERCIAL (GENERAL)

Silver Bay, MN 55614

Estimated value:

$125,000

0.46 AC lot

12 Law Dr

OFFICE BUILDING

12 Law Dr, Silver Bay, MN 55614-1136

Estimated value:

$255,000

1,288 sqft

83 Outer Dr

MINI-WAREHOUSE, STORAGE

83 Outer Dr, Silver Bay, MN 55614-1132

Estimated value:

$275,000

4,000 sqft 0.18 AC lot

Silver Bay, MN 55614

MANUFACTURING (LIGHT)

Silver Bay, MN 55614

Estimated value:

$145,000

1,520 sqft 0.43 AC lot

Silver Bay, MN 55614

MOTEL

Silver Bay, MN 55614

Estimated value:

$260,000

9,630 sqft 0.29 AC lot

Silver Bay, MN 55614

VACANT COMMERCIAL LAND

Silver Bay, MN 55614

Estimated value:

$235,000

0.20 AC lot

Silver Bay, MN 55614

MOTEL

Silver Bay, MN 55614

Estimated value:

$605,000

9,630 sqft 0.32 AC lot

Silver Bay, MN 55614

VACANT COMMERCIAL LAND

Silver Bay, MN 55614

Estimated value:

$240,000

0.94 AC lot

36 Bell Cir

GARDEN APT, COURT APT (5+ UNITS)

36 Bell Cir, Silver Bay, MN 55614-1322

Estimated value:

$90,000

20,190 sqft 1.69 AC lot

5715 Hwy 1st 1

RETAIL STORES (PERSONAL SERVICES)

5715 Hwy 1st 1, Silver Bay, MN 55614-3610

Estimated value:

$300,000

1,680 sqft 4.00 AC lot

93 Outer Dr

VACANT COMMERCIAL LAND

93 Outer Dr, Silver Bay, MN 55614-1132

Estimated value:

$900,000

0.17 AC lot

Silver Bay, MN 55614

COMMERCIAL (GENERAL)

Silver Bay, MN 55614

Estimated value:

$900,000

0.33 AC lot

Silver Bay, MN 55614

SERVICE STATION WITH FOOD MART

Silver Bay, MN 55614

Estimated value:

$900,000

0.62 AC lot

Silver Bay, MN 55614

COMMERCIAL (GENERAL)

Silver Bay, MN 55614

Estimated value:

$900,000

0.20 AC lot

Silver Bay, MN 55614

INDUSTRIAL - VACANT LAND

Silver Bay, MN 55614

Estimated value:

$550,000

2.06 AC lot

Silver Bay, MN 55614

MANUFACTURING (LIGHT)

Silver Bay, MN 55614

Estimated value:

$420,000

4,918 sqft 5.40 AC lot

Silver Bay, MN 55614

VACANT COMMERCIAL LAND

Silver Bay, MN 55614

Estimated value:

$135,000

0.15 AC lot

36 Shopping Ctr

FINANCIAL BUILDING

36 Shopping Ctr, Silver Bay, MN 55614-1135

Estimated value:

$110,000

6,174 sqft

Silver Bay, MN 55614

VACANT COMMERCIAL LAND

Silver Bay, MN 55614

Estimated value:

$245,000

0.75 AC lot

Silver Bay, MN 55614

VACANT COMMERCIAL LAND

Silver Bay, MN 55614

Estimated value:

$245,000

0.31 AC lot

Silver Bay, MN 55614

INDUSTRIAL - VACANT LAND

Silver Bay, MN 55614

Estimated value:

$255,000

20.00 AC lot

Silver Bay, MN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Silver Bay, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,516 square feet of properties for sale, with an estimated market value of $524,000.

Sale prices for business properties in Silver Bay, MN start at $249,000, averaging $262,000, and reaching up to $275,000 — 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 2,450

Population Growth (5Y) +5.3%

Median Household Income $74,313

College Educated 28.3%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
55614	$266.3K

Taxes & Financing

Tax Rate (average for all types) 1.45%

Property Tax per SF $22.41 per SF

Tax Rate vs County Average 0.49 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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