207 W Wisconsin Street Grand Marais, MN ^$ 3,500,000

207 W Wisconsin Street

^$ 3,500,000

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207 W Wisconsin Street

Grand Marais, MN, 55604

^$ 3,500,000

Studio Baths0.0 Sq 4,449

Monthly Estimate*

^$ 24,449

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Studio

Commercial Property for sale in Grand Marais, MN

for $3,500,000. This 4,449 square foot building was built in 1959 on a lot size of 0.29.

A once in a lifetime opportunity to acquire a significant property on historic Wisconsin Street, located on the North Shore's Gold Coast, overlooking Grand Marais Harbor on Lake Superior. Presently operated as the Harbor Inn, located in the center of Downtown Grand Marais. Additional opportunities abound in creating a signature destination Hotel or developing the property to fit your own personal needs.

Commercial Active

Price

^$ 3,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,570

Style

Business

Lot Size

0.29

Year Built

1959

Town/City

Grand Marais

County/Region

Cook

MLS | Web ID

6236707

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Ductless Mini-Split

Utilities Electric Common Heating Common

Roof Metal

Garage Spaces 0

Construction Materials Brick/Stone Shake Siding Stucco Wood Siding

Year Built 1959

View Lake

Levels Two

Property SubType Business

Tax Year 2022

Current Use Hotel/Motel

Waterfront Features Lake Front Lake View

Accessibility None

County Cook

Property Type Commercial Sale

Contingency None

Subdivision Name Harbor Add

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

City Grand Marais

Buyer Agent Compensation 2.70

Body of Water Superior

Land Lease Amount 0

High School District Cook County

Zoning Description Business/Commercial Residential-Multi-Family

Total Units 14

Waterfront Y/N Y

Street Name Wisconsin

Land Lease Y/N N

Tax Annual Amount 12570

Additional Parcels Y/N N

Virtual Tour https://tours.spacecrafting.com/n-9v8v93

Days on Market 600

Standard Status Active

Lender Owned No

Amenities Unit Balcony

Buyer Agent Compensation Type %

Exterior

Parking Features Asphalt Paved

Lot Features Corner Lot Tree Coverage - Light

Water Source City Water/Connected

Inclusions Building Land

Lot Size Area 0.29

Building Area Total 4449

Lot Dimensions 12632

Lot Size Units Acres

Foundation Area 2225

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Interior

Basement (Y/N) N

Street Suffix Street

Fuel Natural Gas

Lake Acres 1634122

Internal Only

Street Number 1 207

* Excluded Features

List By

Coldwell Banker Realty

Broker

rkessler@cbburnet.com

Affordability Calculator

$25,496

Per Month

Monthly Principal & Interest: $24,449
Monthly Property Taxes: $1,048
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Grand Marais, MN

Average List Price ^$3,500,000

Percent of Sale Price 0%

About Grand Marais, MN

1,421 Population

3% Since 2002

^$53,619 Median Income

49.6 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048589 Elementary School

3048333 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/26/2023	$3,500,000	-12.50%	Price Down
8/5/2022	$4,000,000		Listed Price

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207 W Wisconsin Street, Grand Marais, MN, 55604 is a Commercial Property for sale at $3,500,000 with 4,449 sqft and a lot size of 0.29. 207 W Wisconsin Street is a studio with 0.0 baths and was built in 1959. The property's zip code is 55604 which is in Grand Marais, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/26/2024.

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207 W Wisconsin Street

Commercial Property for sale in Grand Marais, MN

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