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Active
Listed
$2,625,000
/mo   Edit
MLS# 5576142
Commercial
Built 1919
59.7 acres
Lake Superior schools
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    Description:   WELL MAINTAINED FULL SERVICE BOUNDARY-WATERS-AREA RESORT with FINANCEABLE BOOKS & EXCELLENT DEVELOPMENT OPPORTUNITIES! One of a kind property! 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, dining area w/full commercial kitchen, full bar, banquet areas, retail space, marina, boat gas sales, rental boats, 40 person sauna, laundry facilities, recreation space and ample room for expansion in this growing market. DON'T MISS THIS TURN KEY OPPORTUNITY TO OWN YOUR OWN POPULAR BUSINESS!
    List Price: $2,625,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Resort
    Year Built: 1919
    City: Ely
    County: Lake
    State: MN
    Zip Code: 55731

    Interior

    Building Fin Sq Ft: 6,000 ft²

    Exterior

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

    Lake/Waterfront

    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: White Iron
    DNR Lake ID#: 69000400
    WF Frontage: 3040
    Lake Acres: 3246
    Lake Depth: 47

    Lot

    Acres: 59.7
    Latitude: 47.90417922
    Longitude: -91.75703580
    Lot Size Dim.: 2350x1270
    Zoning: Business/Commercial

    Schools

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

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $26,860
    Assessment Pending: No
    Taxes w/ Assessments: $26,860

    Unit

    Total Units: 12

    Miscellaneous

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

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Janisch Realty, Inc.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.