Year-Round Resort & Condominiums
MNRS #196008

Approximately 20 beautiful wooded acres, the gently rolling land shows minor landscaping. The resort is located on a chain of lakes with a river that flows through the resort property. There are 23 year-round rental units; condominiums offer 18 rental units, two of which are modified "A" frames, and there are also an additional 5 modified "A" frame rental units.

Lakeside Lodge is a large three-bedroom rental unit. Another home located lakeside offers two large bedrooms and tuck-under garage. There is also a two-story year-round rental unit, making a possibility of three locations which could serve as an owner's home on this property.

There is an in-ground swimming pool, outdoors, which is seasonal only and heated by solar power. A beautiful spa is located on the second level of the condominium complex overlooking the grounds. An excellent sandy beach and ideal children's playground area is available at the water's edge. A game room is separate from the main lodge, and offers video games, etc. The main lodge is finished in knotty pine and sheet rock interior, wood-burning fireplace, cathedral ceilings, public washroom, office, etc. The property has black-top driveways and parking lot, and an excellent docking facility and boat launching ramp are located at the beach area.

All cottage and condominium rental units have up-to-date modern furnishings and appliances throughout. The main condominium complex is approximately 15 years old and is a two-story structure with open patio decks facing the lake and overlooking the in-ground swimming pool.

After over 50 years of ownership the second generation is ready to retire. This is one of the premier resort complexes in the entire state of Minnesota. This is a "must see" property. A "one of a kind" you might say.

Asking: $2,100,000.00 Fully Equipped
Terms: After a $600,000.00 down payment requirement, the sellers will finance the new buyers on a contract for deed at a fixed rate of interest, 20 years term. The resort and condominiums are located approximately 55 miles north of the Twin Cities. Real estate taxes are considered non-homestead and commercial. This resort business is strictly all rental, no food or liquor. Profit and loss statements and operating ledgers are available to qualified buyers only after a physical inspection has taken place.

Photos Upon Request

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

For more information please call
Denny Myers, Broker

1-800-342-7420

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