1329 Hwy 61Two Harbors, MN 55616

  • Bars
  • 3,825 SF
Off market
$17,432,620 Estimated

Property Details for 1329 Hwy 61

Year built
1965
Lot size
1.74 AC
Property size (Sq ft)
3,825 SF
Property type
Bars
Property subtype
Pubs
APN
23-7652-00020
APU
23765200020

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $806,157
    6.5%
    $744,145
    7%
    $690,992
  • Comparable approach

    Method
    Valuation
    Relative Method
    $203,037
    Geo Method
    $203,037
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,452,840
    Mixed-Use / Specialty
    $740,813
    Hospitality / Lodging
    $542,626
    Office
    $735,704
    Institutional / Educational
    $769,904
    Residential Income
    $900,787
    Multifamily
    $1,084,120
    Automotive / Energy
    $659,917
    Parking / Income-Based Land
    $228,401
    Restaurant / Food Service
    $383,852
    Healthcare / Senior Housing
    $760,387

Location Insight

City
Two Harbors
County
Lake
State
Minnesota
Latitude
47.0266
Longitude
-91.6655
CBSA code
20260
CBSA name
DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,566
$136,400
$70,200
$206,600
-
$136,400
$70,200
$206,600

FAQs

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