5731 Highway 61 - Sports and Entertainment FOR SALE


Lutsen, MN 55612
$2,900,000 USD
612-385-5546
5731 Highway 61, Lutsen, MN for Sale
$2,900,000 USD
Sports and Entertainment - FOR SALE
1/14
null | 12.06% Cap Rate

5731 Highway 61
Lutsen, MN 55612


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

OVERVIEW

SVN | Northco is proud to present the listing of Superior National Golf Course at Lutsen ("Property"), a premier golf destination located on Minnesota's iconic North Shore of Lake Superior. Nestled in the breathtaking beauty of the Sawtooth Mountains and just steps from Lake Superior’s shoreline, this pristine golf course offers a one-of-a-kind experience for players of all skill levels. Superior National features 27 holes of championship golf, including the renowned River and Canyon "Premier 18" designed by acclaimed golf course architect Jeffrey Brauer, and the versatile Mountain 9, perfect for a quick round or a family-friendly game of FootGolf. The property boasts a fully equipped clubhouse with a pro shop, bar and grill, and golf simulator, providing year-round recreation and relaxation. Guests can enjoy additional amenities, including a driving range, putting green, lessons, equipment rentals, and a beverage cart. Superior National’s $4.6 million renovation of the River and Canyon Nines completed in 2018 solidified its status among Minnesota’s top 10 golf courses. Offering everything from scratch player challenges to beginner-friendly layouts, the Property guarantees an unparalleled golfing experience, making it a must-visit location for avid golfers and vacationers along the North Shore.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$644 USD /SF

CAP RATE

12.06%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Superior National Golf Course at Lutsen

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

74.71 AC

LAND SF

3,254,171 SF

ZONING

-

APN/PARCEL ID

27-133-2100

ASK ABOUT THIS PROPERTY

Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

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Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.