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.
For sale
Price cut: $35.1K (7/24)
$549,900
6701 Highway 1, Finland, MN 55603
6beds
4,834sqft
Est.:
Single Family Residence
Built in 1940
2.08 Acres Lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
Scenic baptism riverNew flooringSteps from the riverbankMultiple new windowsFresh exterior paintNew kitchenNew deck
- 43 days
- on Zillow |
- 1,082 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 12:28pm
Listed by:
Neal Jacobi 715-892-6325,
Heirloom Realty, LLC
Source: Lake Superior Area Realtors,MLS#: 6120354

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- 3/4 bathrooms: 2
- 1/4 bathrooms: 2
Heating
- Boiler, Fireplace(s), Heat Pump, Hot Water, Ductless
Cooling
- Ductless
Features
- Basement: Block,Concrete,Crawl Space,Partial,Posts
- Number of fireplaces: 3
- Fireplace features: Gas
Interior area
- Total structure area: 4,834
- Total interior livable area: 4,834 sqft
- Finished area above ground: 4,834
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Waterfront features: River, Waterfront Access(Private)
- Body of water: Baptism River
- Frontage length: 200
Lot
- Size: 2.08 Acres
- Dimensions: 280x148, 178x285
Details
- Parcel number: 27570717720,27570717715
- Zoning description: Residential-Rec Business
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Frame/Wood, Wood Siding
Condition
- Previously Owned
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: Coop Power & Light
- Sewer: Private Sewer
- Water: Private
Community & HOA
Location
- Region: Finland
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $373,900
- Annual tax amount: $4,164
- Price range: $549.9K - $549.9K
- Date on market: 6/26/2025
- Loading