6701 Highway 1, Finland, MN 55603 (MLS # 6120354)

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Incredible opportunity to own a dual-unit vacation rental property on the scenic Baptism River. The main building is a fully renovated 5-bedroom retreat"”formerly a bar and restaurant"”offering generous space for large groups. A second 1-bedroom cabin sits just steps from the riverbank, perfect for couples or solo travelers. Both units have seen recent updates, including mini-split cold-climate heat pump systems, updated electrical, a new kitchen, new flooring, multiple new windows, a new deck, and fresh exterior paint. The property also benefits from a conditional use permit, streamlining ongoing short-term rental operations. Located across the street from a snowmobile/ATV trail and minutes from Tettegouche State Park, this is a sought-after destination for hiking, biking, fishing, and year-round outdoor adventure. Grossed $85,000 in rental revenue last year. Whether you're an investor seeking steady cash flow or a vacation rental owner looking for a turnkey North Shore asset in a prime recreation area"”this property checks every box.

DAYS ON MARKET 6 LAST UPDATED 6/26/2025
YEAR BUILT 1940 COMMUNITY LSAR
GARAGE SPACES 1.0 COUNTY Lake County
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
School District Lake Superior #381


ADDITIONAL DETAILS
AREA LSAR
BASEMENT Crawl Space, Partial, Yes
CONSTRUCTION Wood Siding
FIREPLACE Yes
GARAGE Yes
HEAT Heat Pump, Hot Water
LOT 2.08 acre(s)
LOT DESCRIPTION Waterfront
LOT DIMENSIONS 280x148, 178x285
PARKING Detached
STORIES 2
STYLE Other
TAXES 4164
WATER Private
WATER ACCESS Baptism River
WATERFRONT Yes
WATERFRONT DESCRIPTION River Front
ZONING Residential-Rec Business
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
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*Estimate only

SATELLITE VIEW



 
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Listed with Heirloom Realty, LLC

Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice.
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