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    1045 Highway 61 Two Harbors, MN 55616

    For Sale
    $325,000

    17 acres in Two Harbors, suitable for multiple development options.

    Lot size:
    17.00 Acres

    Property Features for 1045 Highway 61

    General Information

    Lot size
    17.00 Acres

    Source: KW Commercial Midwest - Apple Valley Agent James Halbur

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Harbors 17-Acre Development Site

    This 17-acre site, zoned R3, is located inside the city of Two Harbors. It can accommodate multifamily housing, a mobile home park, or single-family homes. The property may be subdivided, and city infrastructure is either onsite or nearby. Access is available from 7th Street and potentially from Hwy 61.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Clothing Store Pharmacy Hotel & Motel Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Two Harbors
    County
    Lake
    State
    Minnesota
    Longitude
    -91.6931296
    Latitude
    47.0238091

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    FAQs

    What type of property is this?
    Land - 17 acres in Two Harbors, suitable for multiple development options.
    Where is this land located?
    The property is located at 1045 Highway 61 Two Harbors, MN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - 17-acre site zoned R3, offering diverse development potential.; - Suitable for multifamily housing, mobile home park, or single-family homes.; - Potential for subdivision, increasing flexibility and investment options.
    (507) 317-2353
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1045 Highway 61 Two Harbors, MN 55616
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