Silver Bay, MN
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    Silver Bay, MN Retail Properties & Spaces for Sale

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    Beaver Bay, MN Finland, MN Two Harbors, MN
    Commercial Space in Silver Bay
    $375,000
    4,000 SF

    Commercial Space in Silver Bay

    83 Outer Dr, Silver Bay, MN 55614

    Versatile commercial property in Silver Bay's central business area.

    • Priced below appraisal value.
    • Located in the central business area of Silver Bay, off Hwy 61.
    • 4,000 sq ft building, 1,520 sq ft storage building, and 240 sq ft garage.
    • Over 1 acre of land.
    • Ample parking.
    Updated: Oct 27, 2025
    View details
    Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 1 Active listings in Silver Bay, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 17 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Restaurant/Bar on Highway 61
    $524,900
    4,800 SF

    Restaurant/Bar on Highway 61

    Retail/commercial property with high visibility and Lake Superior views.

    1329 Highway 61, Two Harbors, MN 55616
    View details
    Turnkey Mixed-Use Investment Opportunity
    $329,000
    4,156 SF

    Turnkey Mixed-Use Investment Opportunity

    Fully occupied mixed-use property in downtown Washburn with lake views.

    324 W Bayfield St, Washburn, WI 54891
    View details
    Washburn Mixed-Use Investment Property
    $329,000
    4,079 SF

    Washburn Mixed-Use Investment Property

    Fully occupied mixed-use property with commercial storefront and apartments.

    324 W Bayfield St, Washburn, WI 54891
    View details
    Turn-Key Restaurant Opportunity
    $749,000
    3,475 SF

    Turn-Key Restaurant Opportunity

    Restaurant and retail property in high-visibility location.

    812 7th Ave, Two Harbors, MN
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land on Highway 61
    $344,000

    Commercial Land on Highway 61

    B-1 land available on Highway 61 in Two Harbors.

    1050 HWY 61, Two Harbors, MN 55616
    View details
    Bayfield Land with Lake Views
    $949,900
    29.79 Acres

    Bayfield Land with Lake Views

    29.79+/- acres with Lake Superior views and development potential.

    35480 Whitetail Ave, Bayfield, WI 54814
    View details
    Bayfield Land For Sale
    $949,900

    Bayfield Land For Sale

    Land available in Bayfield, Wisconsin.

    35480 Whitetail Avenue, Bayfield, WI 54814
    View details
    Superior, WI Commercial Land
    $87,500
    0.34 Acres

    Superior, WI Commercial Land

    Commercial land with high visibility and traffic count.

    2802 E 2nd St, Superior, WI 54880
    View details

    Off-Market Properties in Silver Bay, MN

    Consider similar Off-Market properties in Silver Bay, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    5715 Hwy 1st 1
    RETAIL STORES (PERSONAL SERVICES)
    1,680 SF Lot: 4.00 Acres
    Value Estimation by Request

    5715 Hwy 1st 1, Silver Bay, MN 55614-3610

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    Silver Bay, MN 55614
    SERVICE STATION WITH FOOD MART
    Lot: 0.62 Acres
    Estimated value
    $900,000

    Silver Bay, MN 55614

    View details
    36 Shopping Ctr
    FINANCIAL BUILDING
    6,174 SF
    Value Estimation by Request

    36 Shopping Ctr, Silver Bay, MN 55614-1135

    View details
    91 Outer Dr
    AUTO REPAIR, GARAGE
    1,120 SF
    Value Estimation by Request

    91 Outer Dr, Silver Bay, MN 55614-1132

    View details
    101 Outer Dr
    RETAIL STORES (PERSONAL SERVICES)
    1,260 SF Lot: 0.51 Acres
    Value Estimation by Request

    101 Outer Dr, Silver Bay, MN 55614-1119

    View details
    96 Outer Dr
    RESTAURANT
    1,000 SF
    Value Estimation by Request

    96 Outer Dr, Silver Bay, MN 55614-1120

    View details
    99 Outer Dr
    RETAIL STORES (PERSONAL SERVICES)
    3,780 SF Lot: 0.52 Acres
    Value Estimation by Request

    99 Outer Dr, Silver Bay, MN 55614-1132

    View details
    94 Outer Dr
    SERVICE STATION WITH FOOD MART
    4,466 SF Lot: 0.79 Acres
    Value Estimation by Request

    94 Outer Dr, Silver Bay, MN 55614-1120

    View details
    3 Shopping Ctr
    GROCERY, SUPERMARKET
    27,270 SF
    Estimated value
    $1,765,000

    3 Shopping Ctr, Silver Bay, MN 55614-1135

    View details
    27 Shopping Ctr
    RETAIL STORES (PERSONAL SERVICES)
    2,880 SF Lot: 0.12 Acres
    Value Estimation by Request

    27 Shopping Ctr, Silver Bay, MN 55614

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    120 Mensing Dr
    NURSERY, GREENHOUSE, FLORIST
    5,280 SF Lot: 0.97 Acres

    120 Mensing Dr, Silver Bay, MN 55614-1344

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    Silver Bay, MN 55614
    RETAIL STORES (PERSONAL SERVICES)
    1,647 SF
    Value Estimation by Request

    Silver Bay, MN 55614

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    Silver Bay, MN 55614
    RETAIL STORES (PERSONAL SERVICES)
    2,880 SF Lot: 0.16 Acres
    Value Estimation by Request

    Silver Bay, MN 55614

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    Silver Bay, MN 55614
    RETAIL STORES (PERSONAL SERVICES)
    5,040 SF Lot: 0.46 Acres
    Value Estimation by Request

    Silver Bay, MN 55614

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    Silver Bay, MN 55614
    RETAIL STORES (PERSONAL SERVICES)
    7,936 SF
    Value Estimation by Request

    Silver Bay, MN 55614

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    Silver Bay, MN 55614
    RETAIL STORES (PERSONAL SERVICES)
    906 SF Lot: 0.02 Acres
    Value Estimation by Request

    Silver Bay, MN 55614

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    Silver Bay, MN 55614
    RETAIL STORES (PERSONAL SERVICES)
    2,718 SF Lot: 0.04 Acres
    Value Estimation by Request

    Silver Bay, MN 55614

    View details

    Silver Bay, MN Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 18 retail properties & spaces for sale in Silver Bay, MN on our real estate platform. These investment opportunities span a total of 5,760 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for stores in Silver Bay, MN start at $375,000, averaging $375,000, and reaching up to $375,000 — 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 2,450
    Population Growth (5Y) +5.3%
    Median Household Income $74,313
    College Educated 28.3%

    High-Yield Neighborhoods for Strategic Investment

    Identify Silver Bay submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    55614 $375K

    Taxes & Financing

    Tax Rate (average for all types) 1.45%
    Property Tax per SF $22.41 per sq ft
    Tax Rate vs County Average 0.49 pp below county avg
    Average Loan-to-Value 65.0%

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