601 1st Ave, Two Harbors, MN 55616 - Photo 1

1/1

$723,500

Sold
Closed
Commercial
6,000 Sq. Ft.
0.08 Acres
Updated 1 day ago

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Property Description

Business/Commercial Property in Two Harbors' Downtown Waterfront District This Two Harbors' Downtown Waterfront District property features approximately 3,000 sq/ft of street-level commercial space, with views of Lake Superior's North Shore. It is suitable for tenant build-out or owner customization. The second floor is home to six units of short-term rental each with updated finishes. Each unit has been renovated with modern updates while maintaining original features. Features include original Douglas fir trim, restored oak flooring, and vintage industrial skylights in each of the six bathrooms that bring natural light into each unit. Significant building upgrades include: - Insulated EPDM rubber roof - Natural gas boiler - New windows and commercial-grade entry doors - New back patio and exterior staircase - Upgraded plumbing, including zoned water supply lines, new drains, and a centralized manifold

Full Property Details

Full Property Details for 601 1st Ave

General

Sold For: $723,500
Taxes: $7,142 (2025)
Status: Closed
Type: Commercial
Source: 1402
MLS ID: 6122521
Added to Site: 138 day(s) ago

Additional Information

Other Features: Fire Stairs

Parking

Parking Features: On-Street Parking Only, Other

Location

Area: R
County: Lake County
Driving Directions: From Hwy 61 turn South towards Lake Superior on Waterfront Drive/6th St, go six blocks and it'll be on the corner of 1st Ave with the large wave mural on the side

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Boiler, Natural Gas

Utilities

Sewer: Public Sewer
Water: City

Structural Information

Construction: Frame/Wood
Exterior Const.: Wood
Basement: Yes
Basement Desc.: Partial
Foundation: Poured Concrete
Roof: Asphalt, Rubber
Ceiling Height: 8-10 Feet, 11-15 Feet
Stories/Levels: 2
Square Feet: 6,000
Current Bldg. Use: Other
Year Built: 1897

Lot Features

Lot Size (Acres): 0.08
Lot Dimensions: 50 x 70
Frontage: Curbs, Paved Road, Sidewalks, Street Lights, Storm Sewer, City Street
Zoning: Business/Commercial

Financial Considerations

Price Per Sq. Ft.: $120.58
Tax Amount: $7,142
Tax Year: 2025
Terms: Cash, Conventional
Owner Pays: Internet, Cable TV, Electricity, Repairs, Trash Collection, Water, Sewer
Tenant Pays: None

Disclosures and Reports

Ownership: Fee-Simple
Legal Description: S 70 ft of lot 16 blk 5 city of TH S 3.6 ft of N 70 ft of original plat of lot 16 blk 5 city of Two Harbors
Inclusions: Business Assets, Building, Inventory, Land
Property ID: 23-7660-05160, 23-7660-05161

Listed by Heirloom Realty, LLC
Sold by Great Water Real Estate

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Listing agent

— 601 1st Ave —

Heirloom Realty, LLC

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Schools

Schools serving 601 1st Ave

School District:Lake Superior Public School District

Name	Grades	Distance
Minnehaha Elementary School 421 7th Street, Two Harbors, MN 55616	PK-5	0.3 mi
Two Harbors Secondary 1640 Hwy 2 Ste 100, Two Harbors, MN 55616	6-12	2.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 601 1st Ave

Date

Details

Price

Change

Source

3/02/2026

Sold

$723,500

-9.45%

MLS

10/17/2025

Listed

$799,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

1820 Mary St, Beaver Bay, MN 55601 - Photo 1

Just Listed

$1,400,000

1820 Mary St Beaver Bay, MN 55601

Single Family
Active
Updated 6 days ago

4
Beds
3
Total Baths
2,250
Sq. Ft.

Listed by RE/MAX Professionals

Sold

$723,500