6701 Highway 1
Finland, MN 55603
Map
- 6 beds
- 4 baths
- 4,834 sqft
- ~2 acre lot
- $121 per sqft
- 1940 build
- – on site
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.
Last checked:
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Checking…
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Last updated Jun 26, 2025
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MLS# 6120354 —
The Building
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Construction Type:Frame/Wood
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Stories:2
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Exterior:Wood
Interior
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Fireplace:yes
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Fireplaces:3
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Fireplace Type:gas
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Basement Style:Crawl Space, Partial, Posts
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Basement Material:Concrete Block, Poured Concrete
Financial & Terms
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Potential Short Sale:no
Location
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Latitude:47.415212
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Longitude:-91.246655
The Property
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Subtype:SF/Detached
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2.08Acres:
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Road Between Waterfront and Home:no
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Waterfront Name:Baptism River
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Waterfront:yes
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Classification:Commercial
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Zoning (WI):Residential-Rec Business
Listing Agent
- Contact info:
- Agent phone:
- (715) 892-6325
Beds
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Main Floor Bedroom:1
Baths
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Bath Description:3/4 Main Floor, 3/4 Upper, 1/4 Main Floor
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Main Floor Bath:Yes
Heating & Cooling
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Heat:Boiler, Fireplace, Heat Pump, Hot Water, Ductless/Mini Split
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Air Conditioning:Ductless Mini Split
Utilities
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Sewer:Private
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Water:Private
Schools
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School District:Lake Superior #381
The Community
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Waterfront Description:river
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Waterfront Access:Private
Parking
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Garage Type:Detached
Extra Units
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Outbuilding Description:Other
Monthly cost estimate
Asking price
$585,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,132
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| Taxes | $347 |
| Insurance | $160 |
| Utilities | $269 See report |
| Total | $3,908/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/26/25
Jun 26, 2025
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Listed / Active | DAAR | $585,000 | 82.8% (32.2% / YR) |
|
11/30/22
Nov 30, 2022
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DAAR | $320,000 | 3.2% | |
|
10/17/22
Oct 17, 2022
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DAAR | $310,000 |
