Silver Bay, MN
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    Silver Bay, MN Retail Space 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 16 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 10 Off-Market properties to explore as potential leads, plus 1 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
    Downtown Ely Commercial Building
    $299,000
    6,900 SF

    Downtown Ely Commercial Building

    Two-level commercial building in downtown Ely with business potential.

    29 E Chapman St, Ely, MN 55731
    View details
    Downtown Ely Commercial Building
    $299,000
    6,900 SF

    Downtown Ely Commercial Building

    Two-level commercial building in downtown Ely with business potential.

    29 E Chapman St, Ely, MN 55731
    View details
    Retail Space on Highway 61
    $199,900
    820 SF

    Retail Space on Highway 61

    High-visibility retail space near 7th Avenue business corridor.

    1219 7th Ave, Two Harbors, MN 55616
    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.

    Prime PUD-Zoned Land Opportunity
    $1,599,000
    900 SF

    Prime PUD-Zoned Land Opportunity

    2.07 acres of PUD-zoned land in a growing corridor.

    3229 State Road 207, Elkton, FL 32033
    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

    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
    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
    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

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

    Silver Bay, MN 55614

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

    Silver Bay, MN 55614

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

    Silver Bay, MN 55614

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

    Silver Bay, MN 55614

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

    Silver Bay, MN 55614

    View details
    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 Space Investment Opportunities Market Analysis

    Explore 11 retail space for sale in Silver Bay, MN on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for retail space 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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