Mixed-Use

Grand Marais, MN Mixed-use Properties for Sale

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Lutsen, MN Hovland, MN
Mixed-Use Property with Greenhouse
Updated: May 26
Mixed-Use Property with Greenhouse

1301 W Highway 61, Grand Marais, MN 55604

$875,000
1,120 sqft
Rental cabins and other components currently leased month to month
Newer greenhouse included on the property
Former nursery, greenhouse, and gift shop use
Sheds and additional structures provide storage or shop space
Largest cabin has received updates and improvements
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Grand Marais, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Freestanding Mixed-Use Building
Freestanding Mixed-Use Building

401 E Sheridan St, Ely, MN 55731

$395,000
4,820 sqft

Freestanding building with operational ground-floor retail and an upstairs four-bedroom apartment with private deck and detached garage.

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Mixed-Use Building with Retail Space
Mixed-Use Building with Retail Space

109 Waterfront Drive, Two Harbors, MN 55616

$249,000
3,000 sqft

Single-level apartment space sits behind an operating gift shop in downtown Two Harbors.

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Mixed-Use Property With Apartment
Mixed-Use Property With Apartment

420 E Sheridan St, Ely, MN 55731

Contact for pricing

Two-level commercial layout combines salon, offices, meeting space, and a three-bedroom residential unit.

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Mixed-Use Building with Duplex
Mixed-Use Building with Duplex

629 7th Avenue, Two Harbors, MN 55616

Contact for pricing

Corner property combines food, retail, and office uses with an included parking lot.

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Grand Marais, MN Mixed-Use Properties Market Trends and Statistics

Explore 1 mixed-use properties for sale in Grand Marais, MN on our real estate platform. These investment opportunities span a total of 1,120 square feet of properties for sale, with an estimated market value of $875,000.

Sale prices for multi use buildings in Grand Marais, MN average $875,000 — 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 3,613
Population Growth (5Y) +6.8%
Median Household Income $71,458
College Educated 68.0%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
55604 $875K

Taxes & Financing

Tax Rate (average for all types) 1.59%
Property Tax per SF $29.87 per SF
Tax Rate vs County Average 0.01 pp above county avg
Average Loan-to-Value 65.0%

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