Contacts
Frank Jermusek, JD
SVN | Northco
(952) 820-1615
Property Details
- Property Type Other
- Property Size 23,800 SF
- Units 11
- Lot Size 30 Acre
- Date Updated Feb 7, 2024
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Highlights
- Year-round resort located on one of Minnesota's most popular lakes, Lake Vermilion
- 12% cap rate based on 2024 pro forma financials
- 30 acres of land total with ±21.4 acres available for future development included in the sale price
- 10 unique cabins, an owner's/manager's residence, and RV sites; sleeping accommodations range from 6 to 15 individuals per cabin
- Amenities include boat rentals, hunting, fishing, clean fish house, safe sand beach, on-site boat launch with ample parking, free docking for boats, power stations on docks for charging, covered boathouse slips available, gas, wifi, access to snowmobile trails in the winter, etc.
Attachments
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Tower, MN
- Neighborhood Peyla
- Zip Code 55790
Points of Interest
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BP
0.98 miles
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diesel
1.01 miles
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Cenex (Vermili Fuel & Food)
3.73 miles
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BP
3.94 miles
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Boat trailer parking
7.75 miles
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Marjo Motel
3.35 miles
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Vermilion Park Inn
5.27 miles
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Zup's
3.91 miles
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Soudan's Only Store (& fuel)
5.24 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Frank Jermusek, JD
SVN | Northco
(952) 820-1615