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    Grand Marais, MN
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    Grand Marais, MN Residential Land & Home Lots for Sale

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    Lutsen, MN Hovland, MN
    7 properties
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    Lake Superior View Development Land
    Updated: Apr 24
    Lake Superior View Development Land

    820 5th Ave W, Grand Marais, MN 55604

    $160,000
    936 sqft
    Lake Superior view lot in Grand Marais with space for multiple development options
    Includes a 936 sq ft garage built in 1994
    Extensive outdoor parking space for vehicles
    Electric is on site at the garage; water and sewer are in the adjacent street
    Room to build: house, duplex, apartment, or a small house across the driveway from the garage
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    Development Land Parcel
    Updated: May 13
    Development Land Parcel

    123456-xx East 5th Street, Grand Marais, MN 55604

    $155,000
    Nice level parcel in the City of Grand Marais, suitable for development
    Mature trees on the property
    Electric is on site
    City sewer and water are available, and fiber is available, but the buyer is responsible to bring services in
    New HMU zoning mentioned for courtyard development
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    Rural Vacant Land Parcel
    Rural Vacant Land Parcel

    60 County Road 60, Grand Marais, MN 55604

    $159,900

    15+ acre rural vacant parcel located just off Gunflint Trail near Pincushion Mountain and year-round trail access.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Land
    Land

    X3 Cougar Trl, Grand Marais, MN 55604

    $109,900

    Residential land & home lots

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    Land
    Land

    X1 Cougar Trl, Grand Marais, MN 55604

    $139,900

    Residential land & home lots

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    Land
    Land

    15XA Greenwood Rd, Grand Marais, MN 55604

    $225,000

    Waterfront Land

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    Buildable North Shore Land Lot
    Buildable North Shore Land Lot

    X2 Cougar Trl, Grand Marais, MN 55604

    $99,900

    A buildable 5+ acre lot with mature maple and pine forest, suited for a year-round home or cabin.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 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.

    Lake Superior View Ridge Land
    Lake Superior View Ridge Land

    44xx North Road, Hovland, MN 55606

    $485,000
    98.38 AC lot

    Nearly 100 acres with ridge top, stream, and beaver pond access off maintained North Road.

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    Lake Superior View Building Lot
    Lake Superior View Building Lot

    78 Trolls Trl, Hovland, MN

    $69,900
    7.00 AC lot

    Affordable lot with shared lakeshore and acreage on Lake Superior.

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    Ready-to-Build Land North Shore
    Ready-to-Build Land North Shore

    2xx Overlook Trl, Tofte, MN 55615

    $89,000

    Prime land on LeVeaux Mountain Ridgeline, Tofte, MN.

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    Land
    Land

    Lot 2 Hoaglund Dr, Tofte, MN 55615

    $99,000

    Recreation land

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    Grand Marais, MN Residential Land & Home Lots Market Trends and Statistics

    Explore 7 residential land & home lots for sale in Grand Marais, MN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 936 square feet of properties for sale, with an estimated market value of $1,049,600.

    Sale prices for home sites in Grand Marais, MN start at $99,900, averaging $149,942, and reaching up to $225,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 7
    Waterfront Land 3
    Commercial land 2
    Industrial land 1
    Recreation land 1

    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 $139.9K

    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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