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5715 Highway 1 - Lake View Corner

4.34 Acres of Commercial Land Offered at $559,901 CAD in Silver Bay, MN 55614

Commercial Land Minnesota Silver Bay 5715 Highway 1, Silver Bay, MN 55614

Investment Highlights

  • Two mound systems.
  • Private well.

Executive Summary

Unlock the potential of this “Lakeview Corner”
at 5715 State Hwy 1 in Silver Bay, MN!
This 4.34-acre property boasting stunning
Lake Superior views awaits your vision. Situated at the
junction of Highway 1 and Scenic Highway 61,
conveniently located between Duluth and Grand Marais,
this prime commercial site offers endless possibilities.
Whether you envision a hotel, campground, retail space,
or restaurant, this versatile property is your canvas.

Attachments

5715 State Hwy 1 Marketing

Property Facts

Price $559,901 CAD Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use Commercial
No. Lots 1 Total Lot Size 4.34 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $559,901 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 4.34 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $559,901 CAD Lot Size 4.34 AC
Price Per AC $129,009 CAD
Price $559,901 CAD
Price Per AC $129,009 CAD
Lot Size 4.34 AC

Description

Two older homes and a garage on the premises can be renovated or cleared to make way for your dream project. Two mound systems, a private well, and being zoned as Commercial-Preferred, this property is ready to accommodate your vision. This opportunity is offered at $395,000. Contact us now to explore the potential!

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PROPERTY TAXES

Parcel Number 26-5607-11700 Improvements Assessment $155,970 CAD
Land Assessment $158,220 CAD Total Assessment $314,190 CAD

PROPERTY TAXES

Parcel Number
26-5607-11700
Land Assessment
$158,220 CAD
Improvements Assessment
$155,970 CAD
Total Assessment
$314,190 CAD

zoning

Zoning Code Commercial-Preferred (Commercial-Preferred)
Commercial-Preferred (Commercial-Preferred)
(218) 310-0013

Contact

  • Listing ID: 31380372

  • Date on Market: 2024-04-01

  • Last Updated:

  • Address: 5715 Highway 1, Silver Bay, MN 55614

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5715 Highway 1 - Lake View Corner
(218) 310-0013 x

5715 Highway 1 - Lake View Corner

Greg Follmer

(218) 310-0013

(218) 310-0013

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