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Active
Listed
$2,625,000
/mo   Edit
MLS# 5576142
Commercial
Built 1919
59.7 acres
Lake Superior schools
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    Description:   WELL MAINTAINED FULL SERVICE BOUNDARY-WATERS-AREA RESORT with FINANCEABLE BOOKS & EXCELLENT DEVELOPMENT OPPORTUNITIES! One of a kind property! 59.7 acres with 3, 040 ft lakeshore split between White Iron & Farm Lake offering multiple use recreation lakes & direct entry to BWCA. Property features individual small cabins, large group cabins, hotel units, camping and RV sites, dining area w/full commercial kitchen, full bar, banquet areas, retail space, marina, boat gas sales, rental boats, 40 person sauna, laundry facilities, recreation space and ample room for expansion in this growing market. DON'T MISS THIS TURN KEY OPPORTUNITY TO OWN YOUR OWN POPULAR BUSINESS!
    List Price: $2,625,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Resort
    Year Built: 1919
    City: Ely
    County: Lake
    State: MN
    Zip Code: 55731

    Interior

    Building Fin Sq Ft: 6,000 ft²

    Exterior

    Heating System: Forced Air, Radiant, Boiler, Fireplace(s), Wood Stove
    Foundation Size: 6,000 ft²
    Handicap Accessible: None
    Exterior Material: Brick/Stone, Log, Wood Siding
    Garage Spaces: 2
    Other Parking Spaces: 30

    Lake/Waterfront

    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: White Iron
    DNR Lake ID#: 69000400
    WF Frontage: 3040
    Lake Acres: 3246
    Lake Depth: 47

    Lot

    Acres: 59.7
    Latitude: 47.90417922
    Longitude: -91.75703580
    Lot Size Dim.: 2350x1270
    Zoning: Business/Commercial

    Schools

    School District: 381
    District Phone: 218-834-8216

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $26,860
    Assessment Pending: No
    Taxes w/ Assessments: $26,860

    Unit

    Total Units: 12

    Miscellaneous

    Current Use: Bed & Breakfast, Restaurant, Bar/Tavern, Hotel/Motel, Food Service, Commercial
    Fuel System: Electric, Propane, Wood
    Owner Occupied: Yes
    Sale Includes: Business, Building, Land, Inventory, Fixture/Equipment
    Sewer System: Private Sewer
    Available Utilities: Heating Separate, Electric Common, Hot Water Separate
    Utilities: Heating Separate, Electric Common, Hot Water Separate
    Water System: Well

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    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
    Justin
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    Roaldson
    CrossCountry
    Jeff Zajac
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    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Janisch Realty, Inc.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.