Listing Agency: Meritus Group Business Brokerage

Listed By: Trevor Thielke · License #SD 17547

Source: Crexi

Added: Feb 24 Changed: Aug 8 Last Checked: Aug 19 at 9:33PM

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Investment Insights

Based on property information with market context.

This commercially zoned corner lot offers high visibility from Highway 61 and Outer Drive, the main entrance to Silver Bay. Drawings are available for a potential restaurant or cafe development, featuring a 3,600 square foot building. The North Shore Adventure Park is nearby and also available for sale.

Key Highlights

• Prime commercially zoned corner lot
• Great visibility from Highway 61 and Outer Drive
• Development potential for a restaurant or cafe

Property Analytics

Property Profile

Current Use

North Shore Adventure ... Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Parts Store Building Supply Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Explore this area Business Placement

Demographics for 55614, MN

2,476

Population

1,529

Households

1.6

Avg Household Size

52

Median Age

23%

College-Educated

96%

High-School Grad

218.3 sq mi

ZIP Area

11

Density / Sq Mi

$74,313

Median Household Income

$49,921

Median Earnings

$1,035

Median Rent

$172,900

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Prime commercial lot with high visibility and development potential.

Where is this commercial land located?

The property is located at 42 Outer Drive Silver Bay, MN.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Prime commercially zoned corner lot; Great visibility from Highway 61 and Outer Drive; Development potential for a restaurant or cafe