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Active
Listed
$2,625,000
/mo   Edit
MLS# 5193963
Commercial
Built 1919
59.7 acres
Lake Superior schools
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    Description:   WELL MAINTAINED FULL SERVICE PROFITABLE BOUNDARY-WATERS-AREA RESORT with FINANCEABLE BOOKS & EXCELLENT DEVELOPMENT OPPORTUNITIES! One of a kind property includes 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, full commercial kitchen, full bar, banquet areas, retail space, marina, boat gas sales, and more.
    List Price: $2,625,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1919
    City: Ely
    Zip Code: 55731

    Interior

    Building Fin Sq Ft: 6,000 ft²

    Exterior

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

    Lake/Waterfront

    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: White Iron Lake
    DNR Lake ID#: 69000400
    WF Frontage: 3040
    Lake Acres: 3246.08000
    Lake Depth: 47

    Lot

    Acres: 59.7
    Latitude: 47.90417900
    Longitude: -91.75703600
    Lot Size Dim.: 2350x1270
    Zoning: Business/Commercial

    Schools

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

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $24,240
    Assessment Pending: No
    Taxes w/ Assessments: $24,240

    Unit

    Total Units: 12

    Miscellaneous

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

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    Listing provided by RMLS, courtesy of Janisch Realty, Inc