$3,500,000

207 W Wisconsin Street, Grand Marais, MN 55604

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$3,500,000

(500,000) 01/26/2023

207 W Wisconsin Street Grand Marais, MN 55604 - Superior

For Sale MLS# 6236707

4,449 sq ftCommercial

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Data current as of 28/03/2024 15:16:19

Details for 207 W Wisconsin Street

MLS# 6236707

Description for 207 W Wisconsin Street, Grand Marais, MN, 55604 - Superior


A once in a lifetime opportunity to acquire a landmark property in the center of Downtown on historic Wisconsin Street, overlooking Grand Marais Harbor on beautiful Lake Superior. Presently operated as the Harbor Inn Hotel, additional opportunity abounds in creating a signature destination Hotel as well as developing the property to fit your own personal needs. The property is in the final approval phase to construct a three-story luxury condominium building with stunning lake views.

Listing Information


Property Type: Commercial, Business Opportunity

Status: Active

Lot Size: 0.29 Acres

Square Feet: 4,449 sq ft

Year Built: 1959

Foundation: 2,225 sq ft

Stories: 2 Stories

Subdivision: Harbor Add

Number Of Units Total: 14

Current Use: Hotel/Motel

County: Cook

Days On Market: 600

Construction Status: Previously Owned

School Information


District: 166 - Cook County

Interior Features


Flooring: Carpet,Tile

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Electric Common,Heating Common

Cooling: Ductless Mini-Split

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Open Parking: 10

Parking Description: Driveway - Asphalt, Paved Lot

Exterior: Shakes, Brick/Stone, Wood, Stucco

Roof: Metal

Lot View: Lake

Lot Dimensions: 12632

Zoning: Business/Commercial,Residential-Multi-Family

Additional Exterior/Lot Features: Balcony, Tree Coverage - Light, Corner Lot, Land Inclusions - Building,Land, Road Frontage - City

Waterfront Details


Standard Water Body: Superior

DNR Lake ID: 16000100

Water Front Features: Lake Front, Lake View

Lake Acres: 1,634,122

Driving Directions


North on Highway 61 to Wisconsin St. Bear right onto Wisconsin St.

Financial Considerations


Tax/Property ID: 802210120

Tax Amount: 12570

Tax Year: 2022

HomeStead Description: Homesteaded

Buyer Broker Compensation: 2.70%

Price Changes


$4,000,000 Original Price
$3,500,000 Current Price
-$500,000Total Change
Date Price Change
01/26/2023 01.57 PM $3,500,000-$500,000
08/05/2022 04.27 PM $4,000,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 207 W Wisconsin Street

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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