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    Lighthouse Pt Rd Two Harbors, MN 55616

    Sponsored
    For Sale
    $852,000

    Unique 5.4-acre mixed-use bayfront property.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.4-acre property, situated on Lighthouse Point in Two Harbors, Minnesota, presents a rare opportunity for mixed-use development. Located on Agate Bay, adjacent to Lake Superior, this outstanding parcel boasts breathtaking waterfront views of the ships entering and leaving the bay. The property directly abuts the historic Two Harbors Lighthouse, offering unparalleled views and a unique connection to the area's rich maritime history. Extensive walking paths traverse the property and the surrounding area, providing ample opportunities for recreation and exploration. Convenience is key, with the DNR boat landing conveniently located just across the street. Enjoy easy access to local amenities, including the Castle Danger Brewery and the historic downtown area of Two Harbors, both within walking distance. Further enhancing its appeal, the property is a short drive from popular attractions such as the Two Harbors Golf Course and the iconic Split Rock Lighthouse. This truly one-of-a-kind property represents an exceptional investment opportunity on Minnesota's scenic North Shore, offering a blend of residential, commercial, and recreational potential. The asking price for this remarkable 5.4-acre parcel is $852,000. This is a rare chance to own a piece of Minnesota's captivating North Shore.

    Property Features for 0 Lighthouse Pt Rd

    General Information

    Property type
    Land

    HighLights

    • 5.4‑acre mixed‑use waterfront property in Two Harbors, MN.
    • Located on Agate Bay, adjacent to Lake Superior, with stunning waterfront views.
    • Directly abuts the historic Two Harbors Lighthouse.
    • Features extensive walking paths and proximity to a DNR boat landing.
    • Walking distance to local amenities, including Castle Danger Brewery and downtown Two Harbors.
    • Short drive to Two Harbors Golf Course and Split Rock Lighthouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Two Harbors
    County
    Lake
    State
    Minnesota
    Longitude
    -91.66521649
    Latitude
    47.01632074

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    FAQs

    What type of property is this?
    Land - Unique 5.4-acre mixed-use bayfront property.
    Where is this land located?
    The property is located at Lighthouse Pt Rd Two Harbors, MN.
    What is the asking price?
    The asking price for this property is $852,000.
    What are key features of this property?
    This property features: 5.4-acre mixed-use waterfront property in Two Harbors, MN.; Located on Agate Bay, adjacent to Lake Superior, with stunning waterfront views.; Directly abuts the historic Two Harbors Lighthouse.
    Request Owner's contact information
    Lighthouse Pt Rd Two Harbors, MN 55616
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    Two Harbors, MN 55616
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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
    Lighthouse Pt Rd Two Harbors, MN 55616
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