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    Tofte, MN
    Retail

    Tofte, MN Retail Space for Sale

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    Lutsen, MN Finland, MN Little Marais, MN Isabella, MN
    Grocery and Liquor Store Building
    Updated: May 29
    Grocery and Liquor Store Building

    7125 W Highway 61, Tofte, MN 55615

    $1,400,000
    5,528 sqft
    Tofte General Store for sale with grocery store and liquor store operations on Highway 61
    Building originally built in 1962 with 4 additions, including additions in 2020 and remodel in 2024
    Block construction with steel beams and steel roof added in 2018
    Loading dock designed for operations
    Updates include new coolers, updated POS system, and an owned ATM
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Tofte, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Retail/Commercial Property on Highway
    Retail/Commercial Property on Highway

    1329 Highway 61, Two Harbors, MN 55616

    $524,900
    4,800 sqft

    High-visibility retail space on Highway 61 with strong daily traffic and Lake Superior views in Two Harbors’ Highway Business District.

    View details
    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.

    View details
    Historic Downtown Retail Building
    Historic Downtown Retail Building

    145 E Chapman St, Ely, MN 55731

    $275,000

    Historic 1920s commercial building offers four leasing areas, including a main-floor front space leased through April 2027.

    View details
    Two Harbors Turn-Key Restaurant Opportunity
    Two Harbors Turn-Key Restaurant Opportunity

    812 7th Ave, Two Harbors, MN 55616

    $749,000
    3,718 sqft

    Turn-key restaurant with retail building and outdoor seating available forpurchase.

    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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Tofte, MN Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Tofte, MN on our real estate platform. These investment opportunities span a total of 5,528 square feet of properties for sale, with an estimated market value of $1,400,000.

    Sale prices for retail space in Tofte, MN start at $1,400,000, averaging $1,400,000, and reaching up to $1,400,000 — 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

    Grocery and convenience stores 1

    Demographics Overview

    Population 405
    Population Growth (5Y) +113.2%
    Median Household Income $60,893
    College Educated 43.0%

    Taxes & Financing

    Tax Rate (average for all types) 1.96%
    Property Tax per SF $85.37 per SF
    Tax Rate vs County Average 0.38 pp above county avg
    Average Loan-to-Value 65.0%

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