a Berkshire Hathaway affiliate

$324,900

211 W Highway 61, Grand Marais


211 W Highway 61 Grand Marais, MN 55604

For Sale MLS# 6028366

Commercial

Data current as of {{getLocalTime('2019-12-08T11:37:31Z')}}

Details

MLS# 6028366

Description for 211 W Highway 61, Grand Marais, MN, 55604


The Cobbelstone Building in Grand Marais is rare opportunity to own prime commercial real estate downtown Grand Marais. Plenty of parking spaces for easy in and out for customers. All four units are rented long term to successfully operating businesses. There is potential to build rental apartments on the second level and generate more income, would be a great vacation rental area just a walk across the highway. The prime location allows for many possibilities and has a lot of pluses for any businesses or offices. Many updates and renovations have been completed already, just needs a little TLC on the exterior. Interior is in great condition, and during last renovations the building was brought up to ADA standards. All leases are in place, some long term. Lease business want to stay in place, any sale subject to terms of lease. A really fantastic opportunity for the investor, or new business start ups. Highway and new curbs are going in next year which will enhance the appearance!

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 0.02 Acres

Square Feet:

Year Built: 1963

Foundation:

Garage: No

Stories: 1

Construction: Frame/Wood

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 4

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Cook

HERS Score:

Construction Status:

School Information


District: Cook County #166

Elementary:

Middle:

High:

Utilities


Water: City

Sewer: City

Available Utilities:

Other Utilities:

Cooling: Central

Heating: Forced Air, Propane

Exterior / Lot Features


Parking Description:

Exterior: Wood

Roof: Rubber, Asphalt Shingles

Lot View:

Lot Dimensions: irreg

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features: Road Frontage - US Highway

Soil Type:

Tillable Acres:

Driving Directions


From Duluth, take Hwy 61 N to Grand Marais, across from Visitor Center and just to the east of the Voyager Brewery.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms: Cash,Conventional

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 80-221-0040

Tax Amount: $11,132

Tax Year: 2019

HomeStead Description:

Price Changes


$349,900 Original Price
$324,900 Current Price
-$20,000 Total Change
Date Price Change
4/13/2018 05:02 PM $329,900 -$5,000
11/7/2017 10:02 AM $334,900 -$10,000
9/8/2017 02:17 PM $344,900 -$5,000
4/25/2017 03:32 PM $349,900

Sales History

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Schools nearby 211 W Highway 61

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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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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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings