Sold
Last Sold Price
8,380 sqft$78/sqft
1017 Main St, Silver Bay, MN 55614
OtherProperty Type
1 acresLot Size
1970Year Built
$78/sq ftPrice per sq ft

Description

Beautifully presented, vibrant location! This Commerical Property is uniquely situated on Minnesota's North Shore Scenic Hwy 61 which has earned a national designation as an "All-American Road". With optimal exposure to highway traffic bordering Lake Superior, Camp 61 is located in Historic Beaver Bay. This property currently operates as a full service restaurant, bar, gift shop and an 8 room motel with abundant parking. Additional living space includes a large 2 bedroom apartment with full kitchen,...Beautifully presented, vibrant location! This Commerical Property is uniquely situated on Minnesota's North Shore Scenic Hwy 61 which has earned a national designation as an "All-American Road". With optimal exposure to highway traffic bordering Lake Superior, Camp 61 is located in Historic Beaver Bay. This property currently operates as a full service restaurant, bar, gift shop and an 8 room motel with abundant parking. Additional living space includes a large 2 bedroom apartment with full kitchen, bath and balcony. 3 additional sleeping rooms offer space for family, guests or bonus income. This business is in full swing and ready for a smooth transition to new owners, or choose to start fresh and create a business of your own. Buildings are well maintained and provide updated siding, roof, doors, windows and furnaces. Exceptionally clean industrial kitchen includes dishwasher, convection oven , flat top, gas range, 2 freezers, and 5 refrigerators, as well as a brand new Glycol tap beer system. Centrally located among 3 highly visited State Parks including Split Rock Lighthouse, Tettegouche and Gooseberry Falls as well as the Superior National Forest and much, much more! There is direct access to the Gitchi Gami Bike Trail, Superior Hiking Trail, snowmobile/ATV trails, the Beaver River and local beaches. To top off this amazing business opportunity is an additional 24x32 commercial building available to lease for income or to be used to expand your business. Don’t miss out on this opportunity to add this prized gem to your investment portfolio. Call your local agent for more information and a private tour!
  • Listed by: Sara Powell 218.780.7737 sara@zupnorth.com • Z' Up North Realty
Listing closed: 12/08/2020 12:00 AM • Source: Lake Superior Area REALTORS as distributed by MLS GRID, MLS#: 6094316

Recent comparable sales

Median sold price

$135,000

Avg days on market

146

Sale-to-list ratio

86.7%

Silver Bay, MN

9 comparable properties found

$486,500 | 1040 Hwy 61 N Beaver Bay Mn 55601, Silver Bay, MN 55614
1/32
1

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Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres
$135,000 | 12 Law Drive, Silver Bay, MN 55614
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Unavailable
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Square Feet
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Acres
$235,000 | 104 X Main Street, Silver Bay, MN 55614
1/29
3

$235,000

Sold 10/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
27
Acres
$55,000 | 4375 Wood Ridge Drive, Silver Bay, MN 55614
1/21
4

$55,000

Sold 05/21/25

Unavailable
Bedrooms
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Acres
$70,000 | 40 Nelson Drive, Silver Bay, MN 55614
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Sold 09/26/25

Unavailable
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Acres
$68,500 | 59 Burk Drive, Silver Bay, MN 55614
1/15
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Sold 06/18/25

Unavailable
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Acres
$155,000 | 5205 Ramsdell Heights, Silver Bay, MN 55614
1/39
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$155,000

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Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres
$220,000 | Tbd Ramsdell Heights, Silver Bay, MN 55614
1/20
8

$220,000

Sold 07/08/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres
$97,881 | Lot 14 Birch Hill Road, Silver Bay, MN 55614
1/6
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Sold 06/12/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres

Location

Listing Courtesy of Z' Up North Realty

Sold By Nonmember Office

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Property Information for 1017 Main Street

Property Details
  • Taxes: $13,274 / year
  • MLS Type: Commercial Sale / Mixed Use
  • County: Lake County
  • Waterfront YN: No
Building Information
  • Residences: 12
  • Year Built: 1970
  • Lot Size: 1.00 AC / 43,560 SF
Summary
Location and General Information
  • Directions: Highway 61 to Beaver Bay. Located directly on Hwy 61
  • Latitude: 47
  • Longitude: -91
  • MLSArea Major: LSAR
Taxes and HOA
  • Parcel Number: 21-7243-12100,110,120&130
  • Tax Annual Amount: $13,273.56
  • Tax Legal Description: City of Beaver Bay, HANSENS DIVISION 12-55-8 SW1/4 OF SW 1/4, Lot 001,002,003,& 004.
  • Tax Year: 2020
Virtual Tour
Property
Lot Information
  • Living Area: 8380.0
  • Lot Size Acres: 1.0
  • Lot Size Dimensions: 180x210
  • Basement Square Feet: ***
  • Construction Type: Frame/Wood
  • Foundation Dimensions: ***
Property and Assessments
  • Current Use: Hotel/Motel, Restaurant, Bar/Lounge
  • Remodeled Addition: Yes
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Year Built: 1970
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Multi Family
Multi Family Information
  • Number Of Units Total: 12
Unit Information
Unit 1
  • Unit Leased: ***
  • Unit Number: ***
  • Unit Number Of Rooms: 1
  • Unit Type Baths Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Unit Number: Motel
  • Unit Number Of Rooms: 8
  • Unit Three Quarter Bathrooms: 8
  • Unit Type Baths Total: 8
  • Unit Type Type: Unit 2
Unit 3
  • Unit Number: Gift shop
  • Unit Number Of Rooms: 1
  • Unit Square Footage: 768
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Type: Unit 4
Unit 5
  • Unit Leased: No
  • Unit Type Type: Unit 5
Unit 6
  • Unit Fireplace: ***
  • Unit Leased: Yes
  • Unit Type Type: Unit 6
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Steel Siding, Wood
  • Roof: Asphalt
Interior Features
  • Basement: Full
  • Heating: Propane, Electric
  • Ceiling Height: 8-10 Feet
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2020-12-08
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 1017 Main Street

DateEvent & SourcePriceAppreciation
Dec 8, 2020

Sold

Lake Superior Area REALTORS #6094316

$650,000
Dec 7, 2020

Listed (Active)

Lake Superior Area REALTORS #6094316

$650,000
Dec 2, 2020

Off Market

Lake Superior Area REALTORS #6091463

$650,000
DateEvent & SourcePrice
12/08/2020

Sold

Lake Superior Area REALTORS #6094316

$650,000
12/07/2020

Listed (Active)

Lake Superior Area REALTORS #6094316

$650,000
12/02/2020

Off Market

Lake Superior Area REALTORS #6091463

$650,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1017 Main Street

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Private - PK to 12
Rating
School
Distance
William Kelley Elementary School
PublicPK to 5

Kelley Secondary
Public6 to 12

North Shore Christian Academy
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1017 Main Street, Silver Bay, MN 55614
$650,000
8,380
43,560
60,984
2
2,520
18,731
3,920
28,314
2
1
1,120
9,148
$140,000
118,047

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Z' Up North Realty

Based on information submitted to the MLS GRID as of 05/02/2025 01:59 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.