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Commercial:  Business Opportunity
Built 1978
0.69 acres
Murray County Central schools
MLS# 6010812
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    Description:   Your next business venture awaits at Pelican Cove & Lake Shetek Lodge located in Southwest Minnesota! Known as one of the favorite go-to spots out on the Island! This property has it all - a bar/restaurant, a motel with so much room for outside summer recreation, a newly renovated owners suite, (9) single queen rooms, (4) double bed rooms, (6) three bed motel rooms, and a honeymoon suite! It also has opportunity for 13 boat slips on the new 2020 Voyager dock! Not only does this sale include the Cove & Lodge, it also has 10 campsites available to rent - thats THREE turn-key businesses right here in the heart of Southwest Minnesota with over 40 parking spaces plus additional grass parking! Don't forget - this property comes with over 450 feet of PRIME low-bank sandy lake shore!
    List Price: $915,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1978
    City: Slayton
    County: Murray
    State: MN
    Zip Code: 56172


    Building Fin Sq Ft: 4,620 sqft


    Air Conditioning: Central Air, Wall Unit(s), Window Unit(s)
    Heating System: Forced Air, Baseboard, Fireplace(s)
    Foundation Size: 2,310 sqft
    Shared Amenities: Patio, Deck, Dock, Beach
    Unit Amenities: Dock, Deck, Patio
    Handicap Accessible: Doors 36"+, Partially Wheelchair
    Exterior Material: Wood Siding, Shake Siding, Metal Siding, Vinyl Siding, Fiber Board
    Garage Spaces: 1
    Other Parking Spaces: 40
    Roof Details: Asphalt, Metal


    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: Shetek
    DNR Lake ID#: 51004600
    Lake Acres: 3462
    Lake Depth: 10
    Lake Bottom: Sand


    Acres: 0.69
    Lot Description: Irregular Lot, Tree Coverage - Light
    Latitude: 44.10527968
    Longitude: -95.71580027
    Lot Size Dim.: 0
    Dev/Complex Name: Valhalla Sub
    Zoning: Business/Commercial


    School District: 2169
    District Phone: 507-836-6183

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $5,409
    Assessment Pending: No
    Taxes w/ Assessments: $6,500


    Total Units: 7


    Current Use: Restaurant, Bar/Tavern, Hotel/Motel, Resort, Event Space, Food Service
    Fuel System: Propane
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate, Electric Separate
    Water System: Well

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    Local Home Mortgage Professionals

    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    Jeff Zajac joined the Truestone Home Mortgage 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.

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