This home's estimate is 41.8% lower than the average sale price ($451K) of 6 comparable homes.
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241 Loon Lake Rd, Grand Marais, MN 55604
About this home
Are you looking for a getaway property at an affordable price? Check on this cabin on Loon Lake, which is one of the premier lakes on the Gunflint Trail. This is a really nice lakeshore lot but you need to bring your imagination when you check it out. The existing cabin has significant issues, which is reflected in the pricing so a buyer has options - rebuild it or tear it down and take advantage of the building site and the proximity to the lake (grandfathered in location). The lot is south facing with views of the islands, 145 ft" of accessible shoreline and . 82 acres. The proximity of the cabin to the lake, the location of the access road on the north lot line, the maturity of the trees all contribute to the surprising amount of privacy on this sweet lot. Electricity and broadband available. Loon Lake is over 1000 acres, the deepest hole is 202 ft" and there are many, many different fish in the lake. The Crab Lake Trail is right off Loon Lake Rd and it is one the Border Route Trail Heads. Whether you are wanting a place to relax, a quality fishing lake, access to biking/hiking/skiing/snowmobiling trails, the opportunities are abundant, all within minutes of your cabin door.
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Market trends in 55604, MN
Last updated September 2026
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Sale history for 241 Loon Lake Rd
$142/sq ft
$151/sq ft
Tax history for 241 Loon Lake Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking/Garage Information
- Parking Features: Off Street, Gravel, None
Interior
- Bathroom Information
- # of Three Quarter Bathrooms: 1
- Heating & Cooling
- Cooling: None
- Has Heating
- Heating: Wood
- Interior Features
- Interior Features: High Speed Internet
- Window Features: Wood Frames
- Room Information
- Basement Details: Crawl Space
Exterior
- Exterior Features
- Roof: Asphalt, Shingle
- Building Information
- Above Grade Finished Area: 696
- # of Stories Total: 1
- Foundation Details: Pillar/Post/Pier
- Property Features
- On Waterfront
- Waterfront Features: Lake
- Has View
- Property Information
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Raw Mls Property Sub Type: Single Family Detached
- Lot Information
- Lot Features: Irregular Lot, Many Trees, Level, Rolling Slope
- Water Body Name: Loon
- Road Responsibility: Private Maintained Road
- Road Frontage Type: Private Road
- Lot Size Dimensions: 145 x 233 x 184 x 185
- Lot Size Acres: 0.82
Financial
- Tax Information
- Tax Annual Amount: $1,004
Utilities
- Utility Information
- Water Source: None
- Sewer: None
Location
- HOA Information
- Has Homeowners Association
- Association Fee: $200
- Association Fee Frequency: Annually
- Derived Association Fee (Monthly): $16.67
- Schools Information
- High School District: Cook County #166
- Location Information
- Directions: Gunflint Trail - turn right on Loon Lake Road. Follow through the resort. Continue past the gate. There is a blue sign at the property.
Public facts
- Beds: 1
- Baths: —
- Sq. Ft.: 480
- Stories: 1.75
- Lot Size: 0.82 acres
- Style: Other
- Year Built: 1971
- Year Renovated: 1971
- County: Cook County
- APN: 50-580-0109
Around this home
Schools
Public PreK-5 • Assigned • 26.7mi
Public 6-8 • Assigned • 26.7mi
Public 9-12 • Assigned • 26.7mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.46% chance of being in a wildfire in next 30 years
7 days above 88° expected this year, 12 days in 30 years
Minimal risk of severe winds over next 30 years
0 unhealthy days expected this year, 1 days in 30 years
Sun exposure
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Home values near 241 Loon Lake Rd
| Address | Redfin Estimate |
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2 Beds | 1 Baths | 528 Sq. Ft. | $357,694 |
1 Beds | 1.5 Baths | 736 Sq. Ft. | $442,666 |
| Address | Redfin Estimate |
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2 Beds | 2 Baths | 1344 Sq. Ft. | $578,091 |
1 Beds | - Baths | 808 Sq. Ft. | $617,193 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 1028 Sq. Ft. | $454,270 |
1 Beds | - Baths | 576 Sq. Ft. | $360,346 |
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