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    Property profile & analytics

    Two Harbors, MN 55616

    • Turn key restaurants
    • 3,450 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 04, 2024
    Location Intelligence
    Property ID
    US46-1904194
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details

    Year built
    1995
    Lot size
    0.21 lot acres
    Property size
    3,450 SF
    Property type
    Turn key restaurants
    APN
    29-5353-00020
    APU
    29535300020

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Two Harbors
    County
    Lake
    State
    Minnesota
    Longitude
    -91.6443
    Latitude
    47.0354
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,154
    $112,900
    $875,300
    $988,200
    -
    $112,900
    $875,300
    $988,200

    Comparable in this City

    • Value Estimation
      $395,000
      5,837 SF

      2773 Hwy 61

      RESTAURANT • 5,837 SF
      2773 Hwy 61, Two Harbors, MN 55616-2002
      View Details
    • Value Estimation
      $580,000
      4,452 SF

      1082 Hwy 61

      RESTAURANT • 4,452 SF
      1082 Hwy 61, Two Harbors, MN 55616-1499
      View Details
    • Value Estimation
      $405,000
      2,230 SF

      812 7th Ave

      RESTAURANT • 2,230 SF
      812 7th Ave, Two Harbors, MN 55616-1458
      View Details
    • Value Estimation
      $220,000
      2,000 SF

      623 7th Ave

      RESTAURANT • 2,000 SF
      623 7th Ave, Two Harbors, MN 55616-1453
      View Details
    • Value Estimation
      $300,000
      848 SF

      530 7th Ave

      RESTAURANT • 848 SF
      530 7th Ave, Two Harbors, MN 55616-1452
      View Details
    • Value Estimation
      $215,000
      2,938 SF

      802 7th Ave

      RESTAURANT • 2,938 SF
      802 7th Ave, Two Harbors, MN 55616-3702
      View Details

    Similar Nearby for Sale

    • $749,000
      3,718 SF

      Prime Two Harbors Restaurant

      Turnkey Restaurant, High Visibility
      812 7Th Ave, Two Harbors, MN 55616
      View Details
    • $749,000
      3,475 SF

      Turn-Key Restaurant Opportunity

      Restaurant and retail property in high-visibility location.
      812 7Th Ave, Two Harbors, MN 55616
      View Details
    • $852,000

      Lighthouse Point Waterfront Land

      Unique 5.4-acre mixed-use bayfront property.
      0 Lighthouse Pt Rd, Two Harbors, MN 55616
      View Details
    • Contact for pricing
      1,250 SF

      Burlington Bay Lake Superior Condos

      Condos with lake views, indoor pool, hot tub, and more.
      1412 Burlington Rd, Two Harbors, MN 55616
      View Details
    • $344,000

      Two Harbors Highway 61 Land

      B-1 land on the SW entrance of Two Harbors.
      1050 Highway 61, Two Harbors, MN 55616
      View Details
    • New
      $1,190,000
      341.70 Acres

      341.7 Acres of Vacant Land

      341.7 acres of land with 1550 ft shoreline.
      446 Stewart Lk Rd, Two Harbors, MN 55616
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Outparcel with Grocery Anchor

      Proposed retail space with high visibility and accessibility.
      1009 7Th Ave, Two Harbors, MN 55616
      View Details
    • Contact for pricing
      13,500 SF

      Highway Sites Leasing Opportunity

      Leasing opportunities with great visibility outside of Two Harbors.
      872 Stanley Rd, Two Harbors, MN 55616
      View Details
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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
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