$1,250,000 Price Analysis   ♡   Grand Marais, MN 55604 4 bed 5 bath 6,420 SqFt ($194/SqFt) 1.15 acre lot. Built 1990 Listed 2022-10-11, Taxes $6,508 | May be USDA loan restricted due to income limits near Grand Marais |
This home will not disappoint--Incredible opportunity in Grand Marais!
Great location with huge potential. Once the home of City Limits Restaurant and Bar, currently a huge home with a charming custom designed kitchen, vaulted ceilings, gorgeous master bedroom with ensuite bath and south-facing patio. Partially finished upstairs area with another full bath, 3 non-conforming bedrooms (just add egress windows) and tons of storage. Plus, a 3 bed, 1 bath apt, commercial office and enough parking for residential and customers--13 spaces on pavement, more on gravel. T top this off, there's an apple orchard on site. Offices? Apartments? Service establishment? It won't take much imagination to turn this well-constructed building into your dream home or business!
Zoning allows for short-term and long-term rentals, commercial, homestead and more!
Presented by Julie Carlson at
Coldwell Banker North Shore.
Property MLS #6105906 from LakeSuperiorAreaRealtors
Bedroom 1 Dimensions: 17 x 17
Bedroom 2 Dimensions: 10 x 10
Bedroom 3 Dimensions: 10 x 10
Bedroom 4 Dimensions: 10 x 10
Bedroom 1 Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Main
Bedroom 1 Features: Beautiful oasis with en suite bath and private access to patio area.
Bedroom 2 Features: Large, main bedroom in apartment. Large mirrored closet.
Bedroom 3 Features: Apartment second bedroom. Nice size.
Bedroom 4 Features: Third bedroom in the apartment. Just off the living room.
Full Bathrooms: 3
1/2 Bathrooms: 1
3/4 Bathrooms: 1
Skylight
Tiled Floors
Vaulted Ceilings
Wet Bar
Center Hall
Drywalls
Foyer Entry
Panelled Walls
Patio Door
Main Floor Laundry
Dryer Hook-Ups
Washer Hook-Ups
Dishwasher
Dryer
Refrigerator
Wall Oven
Washer
Rec Room Level: Main
Rec Room Features: What a great area for entertaining! Large wet bar, tiled room, fireplace, paneled ceilings, access to patio.
Den/Office: 11 x 23
Den/Office Level: Main
Den/Office Features: Just off the main entrance, separate work from homelife. Welcoming, sunny area.
Living Room: 13 x 17
Living Room Level: Main
Living Room Features: Just off the kitchen in the apartment.
Living Room Dimensions: 35 x 47
Living Room Level: Main
Living Room Features: Huge room with lots of windows, skylights. Morning sunshine streams in!
Dining Area Description: Breakfast Bar, Informal Dining Room
Dining Room Dimensions: 10 x 23
Dining Room Features: Just off the kitchen, this area is ready for entertaining--feed a group, or gather to play games. The center of the home!
Dining Room Level: Main
Kitchen Features: Beautiful gormet kitchen with wall ovens, separate cooktop, large island, granite counters, stainless appliances.
Kitchen Level: Main
2nd Kitchen Dimensions: 16 x 17
2d Kitchen Features: Apartment with separate entrance, large eat-in kitchen.
2nd Kitchen Level: Main
Heating Features: Forced Air, Propane
Number of Fireplaces: 2
Fenced Yard - Partial
Patio
Gutter/Downspout
Road Frontage Type: County, Curb/Gutters, Highway, Paved, State
Road Maintenance: Public
Lot Size Acres: 1.15
Lot Size Dimensions: irregular
Lot Size Square Feet: 50094
Other Equipment: Fuel Tank-Rented, Water Heater-Electric
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: ACTIVE
County: Cook County
Directions: From stoplight in Grand Marais, East of Highway 61 to property.
Tax Year: 2024
Source Property Type: SINGLE FAMILY
Area: LSAR
Source Neighborhood: LSAR
Parcel Number: 53-175-0140 and part of 80-021-1167
Public Survey Section: 21
Property Subtype: SF/Detached
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $551,900 + $138,900 $690,800 | $6,508 |
| 2021 | $290,700 + $167,800 $458,500 | $3,964 |
| 2020 | $293,900 + $160,800 $454,700 | $4,032 |
| 2019 | $294,100 + $160,800 $454,900 | $4,204 |
| 2018 | $297,400 + $160,800 $458,200 | $3,944 |
| 2017 | $297,600 + $160,800 $458,400 | $3,908 |
| 2016 | $182,300 + $206,400 $388,700 | $2,590 |
| 2015 | $182,300 + $206,400 $388,700 | $2,476 |
| 2014 | $180,200 + $203,400 $383,600 | $2,064 |
| 2013 | $180,200 + $203,400 $383,600 | $2,088 |
| 2012 | $180,200 + $203,400 $383,600 | $1,934 |
| 2011 | $229,000 + $50,200 $279,200 | $1,202 |
| 2008 | $229,000 + $50,200 $279,200 | $812 |
$0
NorthstarMLS
Listed 2024-01-04
$1,250,000
NorthstarMLS
Price Changed 2023-07-05
$1,250,000
LakeSuperiorAreaRealtors
Listed 2022-10-11
$1,500,000
LakeSuperiorAreaRealtors
Year Built: 1990
Above Grade Finished Area: 6420
Building Exterior Type: Wood
Foundation Details: Slab, Poured Concrete
Property Age: 34
Roof: Asphalt Shingles
Levels or Stories: 1.25 - 1.75 Story
Structure Type: Frame/Wood
Year Built Details: Previously Owned
Water Source: City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.