Lori Gustafson

5362 W Highway 61

Lutsen, MN
$ 1,475,000 Beds 2 Baths 1 Sq 2,764
Monthly Estimate* How much can I afford?

LIVE · PLAY · WORK on Lake Superior's North Shore. For nearly a century, Lockport Marketplace & Grill has been a destination institution in the heart of Lutsen — abeloved hangout for locals and a landmark stop for traveling guests exploring Lake Superior's stunning coastline. This rare opportunity combines a thriving multi-revenuebusiness (restaurant/café, retail, and fuel) with a private two-bedroom apartment on the second floor, giving you the ultimate live-work lifestyle in one of America's mostsought-after four-season communities. Ski Lutsen Mountains in winter, hike to cascading North Shore waterfalls in summer, and run a business with a built-in awelcoming community based following all year long. Much of the property remains undeveloped and prime for expansion — cabins or additional retail — in a Cook County market that is growing and trending. Perfectly positioned in the heart of Lutsen near ski hills, waterfalls, and Lake Superior, this is a once-in-a-lifetime chance to own a piece of North Shore history and write the next chapter yourself. Seasonal stream at the property line. Begin your next chapter on America's 'North Coast'.

Single Family

  • Price
  • $ 1,475,000
  • City
  • Lutsen
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • COOK
  • Half Bathrooms
  • 0
  • Area
  • Lockport
  • Lot Size
  • 1.85 Acres
  • Zip
  • 55612
  • Sqr Footage
  • 2,764
  • Year Built
  • 1950
  • Taxes
  • $ 6928
  • Style
  • Single Family
  • MLS#
  • 7092304
Listed By: Edina Realty, Inc. - Duluth
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2764
Sewer Private Sewer
Heating Boiler,Hot Water
Cooling None
Appliances Dryer,Exhaust Fan,Indoor Grill,Microwave,Range,Refrigerator,Washer
Year Built 1950
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility Wheelchair Ramp(s)
County Cook
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Lockport
Other Structures Storage Shed
Full Baths 1
Directions Lockport Marketplace and Grill can be found on HWY 61 between mile markers 91-92. Located on the lake side of HWY 61 in Lutsen. 90 miles north of Duluth MN Agent.
City Lutsen
High School District Cook County
Zoning Description Other
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 6928
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Lutsen

Interior Features

Basement Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 2320
Total Bedrooms 2
Below Grade Finished Area 444
Total Baths 1
Bath Desc Main Floor 1/2 Bath,Upper Level Full Bath
Foundation Dimensions 30 x 54
Fuel Electric,Propane

Exterior Features

Parking Features Parking Lot,Paved Lot
Lot Features Tree Coverage - Medium
Water Source Private
Lot Size Area 1.85
Building Area Total 2835
Lot Dimensions 385' x 200'
Waterfront Y/N No
Foundation Area 2764

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/15/2026 Listed $1,475,000

Property vs Zip Code Average in 55612

Price
AVG $570K
$1.48M
Taxes
AVG $3,476
$6,928
Year Built
AVG 1988
1950
Visits
AVG 41
39
Data Provided by Inside Real Estate®

Areas That We Cover

5362 W Highway 61 Lutsen, MN is a Single Family Home for sale at $1475000 with 2764 sqft and a lot size of 1.85 Acres Acre(s). 5362 W Highway 61 Lutsen has 2 bedrooms, 1 baths and was built in 1950. The property's zip code is 55612 which is in Lutsen, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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