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$430,000 -$20,000 (-4.44%) Price Reduced

  • For Sale
  • Active
  • Commercial Residential Facility
  • 2,208 Sq. Ft.
  • 4.43 Acres
  • Updated 2 days ago
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Surrounded by breathtaking beauty, a unique opportunity awaits to own a versatile piece of commercially zoned real estate along Lake Superior's North Shore in Beaver Bay. Tucked just inland from the shoreline, it features a solid home ready for thoughtful updates, a two-stall garage, an additional slab awaiting a new home or outbuilding, two septics and two wells, and a large pole barn perfect for storage, a workshop, or creative ventures. Whether you envision a comfortable year-round residence, a peaceful weekend escape, an income-producing rental, or other business venture, this property provides a strong foundation to bring your vision to life. Located in one of Minnesota's most desirable regions, this property provides convenient access to pristine state parks such as Gooseberry Falls and Split Rock Lighthouse, as well as the renowned Superior Hiking Trail. Just steps away, the charming local shops and unique character of Beaver Bay add to the area's appeal. No matter what your vision is, you will discover an excellent opportunity to embrace the North Shore lifestyle.

Full Property Details for 4892 Hwy 61 N

General

  • Price: $430,000
  • Taxes: $1,796 (2025)
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: 1402
  • MLS ID: 6122420
  • Updated: 6/19/2026
  • Added to Site: 254 day(s) ago

Additional Information

  • Other Features: Private Resident Building, Storage

Parking

  • Parking Features: Gravel, Other

Location

  • Area: R
  • County: Lake County
  • Driving Directions: Hwy. 61 to 4892 Hwy. 61 N., turn right down driveway to home on left.

School Information

  • High School District: Lake Superior #381

Heating & Cooling

  • Heating Type: Propane

Utilities

  • Sewer: Mound Septic
  • Water: Private, Shared, Drilled

Structural Information

  • Construction: Concrete Block, Frame/Wood
  • Exterior Const.: Block, Wood
  • Basement: Yes
  • Basement Desc.: None
  • Roof: Asphalt
  • Ceiling Height: Varied Heights
  • Stories/Levels: 2
  • Square Feet: 2,208
  • Current Bldg. Use: Residential
  • Year Built: 1948

Lot Features

  • Lot Size (Acres): 4.43
  • Lot Dimensions: 4.43 acres, irregular
  • Frontage: Highway
  • Zoning: Business/Commercial

Financial Considerations

  • Price Per Sq. Ft.: $194.75
  • Tax Amount: $1,796
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: 26-5507-07350: SEC 7-2 OF TWP 55 RGE 07 OF E 100 FT OF W 185.5 FT OF S 100 FT OF N, 26-5507-07310: SEC 7-2 OF TWP 55 RGE 07 OF THAT PART OF
  • Inclusions: Building, Fixture/Equipment, Land
  • Property ID: 26-5507-07310, 26-5507-07350

Listed by Adolphson Real Estate

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Listing agents

— 4892 Hwy 61 N —

  • Adolphson Real Estate

  • Adolphson Real Estate

***

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4892 Hwy 61 N

School District:Lake Superior Public School District
NameGradesDistance
William Kelley Elementary School
137 Banks Boulevard, Silver Bay, MN 55614
PK-61.6 mi
Kelley Secondary
137 Banks Boulevard, Silver Bay, MN 55614
7-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4892 Hwy 61 N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/19/2026
Price Reduced
$430,000
-4.44%
MLS
10/10/2025
Listed
$450,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4892 Hwy 61 N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,422
219%
$239,200
71%
2019
$446
—
$140,200
82%
2019
$446
-5%
$76,900
-28%
2018
$471
2%
$106,700
-1%
2017
$461
-1%
$108,200
-1%
2016
$466
—
$109,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Adolphson Real Estate

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4892 Hwy 61 N, Beaver Bay, MN 55601 (MLS# 6122420) is a Commercial Residential Facility property. 4892 Hwy 61 N is currently listed for $430,000 and was received on October 10, 2025. Want to learn more about 4892 Hwy 61 N? Do you have questions about finding other Commercial Residential Facility real estate for sale in Beaver Bay? You can browse all Beaver Bay real estate or contact a Coldwell Banker agent to request more information.

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