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5731 Highway 61
Lutsen, MN 55612

$2,900,000 USD

Golf Course Driving Range For Sale  •  4,500 SF

Property Details

  • Property Type Golf Course Driving Range
  • Total Building Size 4,500 SF
  • Lot Size 213.16 AC
  • Building Class B
  • Year Built 1991
  • Cap Rate 12.06 %
10 Walk Score

Description

Lutsen, Minnesota, is a charming community located in Cook County along the scenic North Shore of Lake Superior. Nestled between the Sawtooth Mountains and the lake, Lutsen offers breathtaking views and serves as a gateway to some of Minnesota's most stunning natural landscapes. Known for its outdoor recreation opportunities, Lutsen is a hub for visitors exploring the Superior Hiking Trail, the Boundary Waters Canoe Area Wilderness, and the many state parks in close proximity.

Lutsen is home to Lutsen Mountains, Minnesota’s largest ski resort, which offers year-round activities. In winter, it’s a premier destination for skiing and snowboarding, with 95 runs spread across four mountains. During the warmer months, visitors can enjoy scenic gondola rides, hiking trails, and mountain biking, all offering spectacular views of Lake Superior.

The proximity to Lake Superior provides endless opportunities for fishing, kayaking, and relaxing on its rocky beaches. Lutsen's lakeshore boasts a serene and picturesque setting, with nearby waterfalls and forested bluffs adding to the region's allure.

Surrounding Lutsen, the Superior National Forest offers dense woodlands, pristine lakes, and abundant wildlife. It is a favorite spot for hiking, birdwatching, and camping, making it a year-round destination for nature lovers.

Proximity to Larger Cities:
90 miles northeast of Duluth, MN
100 miles southwest of Thunder Bay, ON
245 miles northeast of Minneapolis, MN
330 miles northeast of Fargo, ND

Airports within reasonable distance include Duluth International Airport (90 miles) and Thunder Bay International Airport (100 miles).

Highlights

12.06% cap rate - Premier 27-hole golf course located on 213.16 acres in the popular outdoor vacation destination of Lutsen, MN
Set between the North Shore of Lake Superior and the Sawtooth Mountain Range, the majestic views make for an unparalleled experience
One of MN's top 10 destination golf courses with a recent multimillion-dollar renovation
Also included are the 4,500 sf clubhouse with pro shop, bar and grill, golf simulator, and outdoor patio along with a driving range and putting green
Owned by Cook County / Grand Marais Joint EDA, the sale requires a process of approvals & stipulations that are described in the offering materials

Property Flyers

Cap Rate: 12.06 %
Frank Jermusek 612-385-5546 SVN | Northco Real Estate
Frank Jermusek 612-385-5546 SVN | Northco Real Estate