Priced at $1,575,000.00
Super opportunity to own most of downtown Lutsen! Approx. 9 acres bordered by a creek, this commercial hotspot hosts 5 commercial businesses and a lot of apartments with good long term renters! 13 lot trailer park has been established since the 70's, with each trailer owner paying lot rent. The land itself is gorgeous, and the commercial access is excellent. New compliant commercial septic system is currently being used at approx. 50% capacity, plenty of room to expand with zero lot line setbacks for Lutsen General Commercial zoning. Rental housing is in high demand in the Lutsen area, all rentals are full with long term history. Current owner will lease back or move, potential additional income from commercial space and garage/warehouse storage. Rare opportunity for commercial investment in downtown Lutsen!
Total number of units: 15 plus an additional 13 lot trailer park. All together generates over $13,000 in monthly revenue. 1 and 2 bedroom apartments.
Compliant septic system with room for expansion.
Square Feet: 13980
View: Lake Superior,
Garage Size: 4 car garage
Out Buildings: pumphouse
Access Road: Steam Engine Road and Highway 61
Heat Type: Duel Fuel,
Electric Service: Yes
Lot Size: irreg
Acreage: 9 acres
Property Taxes $9,628.00
Information Deemed Reliable But Not Guaranteed.
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