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    Grand Marais, MN
    Residential Income

    Grand Marais, MN Residential Income 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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Multi-Building Commercial Property
    Multi-Building Commercial Property

    429 E Sheridan St, Ely, MN 55731

    $219,000
    1,362 sqft

    Three updated buildings offer flexible space for retail or office use, plus a renovated guest house and workshop.

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    Partially Completed RV Resort
    Partially Completed RV Resort

    2121 E Camp St, Ely, MN 55731

    Contact for pricing
    20.00 AC lot

    RV resort with existing full-hookup sites, clubhouse improvements, caretaker housing, and room for additional development.

    View details
    Duplex with Off-Street Parking
    Duplex with Off-Street Parking

    501 6th Ave W, Washburn, WI 54891

    Contact for pricing

    Two-unit property with long-term tenants, a backyard, and off-street parking.

    View details
    Corner Duplex with Detached Garage
    Corner Duplex with Detached Garage

    503 W 3rd St, Washburn, WI 54891

    Contact for pricing

    Duplex on a corner lot with a detached 2-car garage, currently occupied by long-term tenants.

    View details

    Grand Marais, MN Residential Income Properties Market Trends and Statistics

    Explore 1 residential income 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 residential income properties 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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