Listing Agency: Coldwell Banker North Shore j***@gmail.com Show Phone

Listed By: Julie Joynes Carlson · License #40472620

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 11:22PM

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Investment Insights

Based on property information with market context.

This storefront property is situated within the downtown business district and has previously housed a café, jewelry store, and t-shirt shop. The building offers a commercial setting suited to retail-oriented occupancy.

The property is located on 1st Avenue West near the harbor, Wisconsin Street, and Highway 61. The surrounding retail area is active throughout the year, with heavier pedestrian activity during the summer season.

Key Highlights

• Downtown business district location
• Near the harbor, Wisconsin Street, and Highway 61
• Previously occupied by a café, jewelry store, and t‑shirt shop

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Pharmacy Cafe & Coffee 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.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

394

Businesses Nearby

11k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 67% Dining 19% Home Improvements & Furnishings 10% Hotels & Casinos 4%

Holiday Station Store Shops & Services

4,606 visits/mo 0.1 miles

SUBWAY Dining

2,030 visits/mo 0.4 miles

Marathon Shops & Services

1,569 visits/mo 0.2 miles

Buck's Hardware Home Improvements & Furnishings

1,043 visits/mo 0.1 miles

Napa Auto Parts Shops & Services

886 visits/mo 0.4 miles

Demographics for 55604, MN

3,661

Population

3,412

Households

1.1

Avg Household Size

54

Median Age

49%

College-Educated

98%

High-School Grad

817.8 sq mi

ZIP Area

4

Density / Sq Mi

$71,458

Median Household Income

$40,123

Median Earnings

$1,036

Median Rent

$307,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Storefront property - Storefront space in a year-round retail area near the harbor and Highway 61.

Where is this storefront property located?

The property is located at 8 W 1st Ave Grand Marais, MN.

What are key features of this property?

This property features: Downtown business district location; Near the harbor, Wisconsin Street, and Highway 61; Previously occupied by a café, jewelry store, and t‑shirt shop