5715 Highway 1 - Lake View Corner
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5715 Highway 1 - Lake View Corner
4.34 Acres of Commercial Land Offered at £309,068 in 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.
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.
Property Facts
| Price | £309,068 | 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
|
| Price | £309,068 |
| 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 |
1 Lot Available
Lot
| Price | £309,068 | Lot Size | 4.34 AC |
| Price Per AC | £71,214 |
| Price | £309,068 |
| Price Per AC | £71,214 |
| 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 | £86,774 |
| Land Assessment | £88,026 | Total Assessment | £174,799 |
PROPERTY TAXES
Parcel Number
26-5607-11700
Land Assessment
£88,026
Improvements Assessment
£86,774
Total Assessment
£174,799
zoning
| Zoning Code | Commercial-Preferred (Commercial-Preferred) |
| Commercial-Preferred (Commercial-Preferred) |
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5715 Highway 1 - Lake View Corner
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