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
Sold for $723,500
$723,500
601 1st Ave, Two Harbors, MN 55616
5beds
7baths
6,000sqft
Multi Family
Built in 1897
-- sqft lot
$-- Zestimate®
$121/sqft
$3,264 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,264/mo
Zestimate® history
Owner options
List your home for rent
$3,264/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,264/mo
Rent Zestimate®
Refinance and save
$4,335/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,335/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Insulated epdm rubber roofVintage industrial skylights
Zillow last checked:
Listing updated:
Listed by:
Jennifer V Julsrud 218-464-8527,
Heirloom Realty, LLC
Bought with:
Nick Christensen, MN 40614319
Great Water Real Estate
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6122580
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
Heating
- Boiler, Natural Gas
Features
- Basement: Partial
Interior area
- Total interior livable area: 6,000 sqft
- Finished area above ground: 6,000
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 3,484 sqft
- Dimensions: 50 x 70
Details
- Foundation area: 3400
- Parcel number: 23766005160, 23766005161
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood, Frame/Wood
- Foundation: Concrete Perimeter
Condition
- Year built: 1897
Utilities & green energy
- Electric: City of Two Harbors
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Two Harbors
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Sold | $723,500-9.4%$121/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6122580 Report a problem | ||
| 12/19/2025 | Pending sale | $799,000$133/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122580 Report a problem | ||
| 12/18/2025 | Listed for sale | $799,000$133/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122580 Report a problem | ||
| 12/15/2025 | Pending sale | $799,000$133/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122580 Report a problem | ||
| 12/15/2025 | Listed for sale | $799,000$133/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122580 Report a problem | ||
| 11/12/2025 | Pending sale | $799,000$133/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122580 Report a problem | ||
| 10/22/2025 | Listed for sale | $799,000+422.2%$133/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122580 Report a problem | ||
| 6/30/2005 | Sold | $153,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,142 +3.1% | $341,000 +8.3% |
| 2024 | $6,930 -8.5% | $314,800 +3.8% |
| 2023 | $7,574 +6.9% | $303,300 +29.5% |
| 2022 | $7,082 +12.2% | $234,200 |
| 2021 | $6,312 +82.6% | $234,200 |
| 2020 | $3,457 -1.2% | $234,200 +28.3% |
| 2018 | $3,498 -10.8% | $182,600 +13.8% |
| 2017 | $3,920 -3% | $160,400 |
| 2016 | $4,040 -0.9% | $160,400 |
| 2015 | $4,075 | $160,400 |
| 2014 | $4,075 +4% | -- |
| 2013 | $3,918 +0.5% | -- |
| 2012 | $3,898 | -- |
Find assessor info on the county website
Neighborhood: 55616
Nearby schools
GreatSchools rating
- 6/10Minnehaha Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Two Harbors SecondaryGrades: 6-12Distance: 2.1 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Minnesota
- Lake County
- Two Harbors
- 55616
- 601 1st Ave
Nearby cities
Nearby zip codes
Other Two Harbors Topics
