143 South Gunflint Lake Rd
Grand Marais, MN
Resort for Sale - $6,800,000 - 100,000 Sq. Ft. on 103 acres
Property Info
CIMLS# | 773081 |
Location 143 South Gunflint Lake Rd Grand Marais MN 55604 | |
Updated | April 8th, 2016 |
Type | Resort |
Price | $6,800,000 |
Building | 100,000 Sq. Ft. |
Land | 103 acres |
Property Description
Gunflint Lodge is a year-round resort offering a full spectrum of activities on a gorgeous 103 Acres" Canoeing, Fishing, Horseback Riding, Hiking, Guided Naturalist Programs, Guided Fishing Trips, A Towering Pines Canopy Tour, Message Therapy, Cross Country Skiing, Dog Sledding and Snowshoeing. All of these activities are available year-round at Gunflint Lodge, in addition to many others.
Location Description:
Gunflint Lodge, located on the Gunflint Trail, boasts of the beautiful beach front area, docks and hiking trails for the outdoor enthusiasts. No need for a pool when the Canadian bordered lake provides a one mile wide by eight mile long outlet for numerous activities. At Gunflint Lodge, they have a unique getaway experience that simultaneously awards guests with an unforgettable north woods adventure and a style of relaxation at its finest. This first-class establishment has had its doors open since 1927 and prides itself in luxurious cabins, delicious cookery and service with excellence.
Highlights:
>> Popular Full Service Resort
>> 103 Total Acres
>> Cap Rate: 11%
>> Located On Gunflint Lake
>> Premier Wilderness Vacation Area Located on Gunflint trail in Boundary Waters Canoe Area
>> 25 Luxury Rental Cabins/Lake homes, 9 Canoe Cabins, Bunk House 80 Guests, Campgrounds & Teepe Villages 12 Guest. (Additional Expansion/Development Opportunities)
>> Amenities: Zipline Tour, horseback riding, nature center, conference center, spa
>> Staff housing: 2 homes, 13 apartments, 10 dorm units - 87 Person Capacity
>> Management staff: 10+ years at the resort
>> Outfitter / Resort Since 1930
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Financials
Sales Info:
>> Cap rate: 11.0%
>> Commision split: 2.5%
>> NOI: $741085