Sale Pending

Affordable Seasonal Resort & RV Park In The Northland
MNRS #1960352

This resort was built many years ago when timber was king in the area. The logging days of the past have been replaced with the golden years of family resort operations. Today is no different. According to county records, there are approximately 15 wooded acres and 1168 feet of lake frontage included in this resort sale. The trees on the property are a mixture of hardwoods and softwoods.

This resort is fully modern. There are 8 cottages and 2 mobile homes for a total of 10 rental units. They all vary in size from two and three bedroom units and come fully equipped for housekeeping use. Just bring your wash cloths, kitchen towels and bath towels from home. The resort presently has 5 RV sites. The Seller states the rules on the lake are changing the fall of 2016 allowing the resort to sustain one more cabin.

There is a large game room on the resort property to keep children of all ages entertained for use when they become bored with too much fishing or swimming or on rainy days or riding bicycles or chasing frogs and looking for turtles or just walking a trail on a bright sunny day.

The owners home offers approximately 2100 sq. ft. 4 bedrooms and 3 bathrooms. Large enough to accommodate the largest of families. There is a large patio deck on the front of the home built out of treated lumber. It is an ideal location for operating your gas grill and lounging in a patio chair.

Major improvements to the resort property in the past 24 months include an “up to date septic system” to the tune of $82,000.00 certified by the county. The sellers have also invested $24,000.00 by fully upgrading the dock system. The sellers have also added an additional pontoon boat and 2 speed boats. The marina includes 18 boat slips. Other major equipment included in the sale of the resort are fishing boats and outboard motors, pontoons, lawn & maintenance equipment, ATV’s & tractor. (See resort inventory for complete list) Beginning mid September 2016, the seller has made contract to replace roofs on all buildings and upgrade the electrical systems.

The sellers are reporting occupancy rates for 2015 at 85% and 2016 at 90%. The 2017 calendar for reservations is filling up fast. At the time of listing the sellers were reporting 81% occupancy for 2017.

**If you feel it is time to make a change in your lifestyle, you need to give me a call and set up an appointment to see this wonderful resort property in the North Country. This is your time. Do not waste it.

Asking $830,000.00

Terms: Cash or Bank Financing
Minimum Down Payment Requirement is 20%
Buyers will be required to sign a MNRS non-disclosure agreement before receiving general and financial information about this resort property. This material is subject to change without notice!

**Information Herein Deemed Reliable But Not Guaranteed.**
**Subject to Change at Any Time.**

Mike Wolfe

Mike Wolfe
Southern Minnesota Commercial Agent
Rochester, MN