6310 Crane Lake Road, Buyck, MN
Resort for Sale - $1,790,000 - 14,500 Sq. Ft. on 7.9 acres


Property Info
CIMLS# | 822222 |
Location 6310 Crane Lake Road Buyck MN 55771 | |
Updated | April 17th, 2017 |
Type | Resort |
Price | $1,790,000 |
Building | 14,500 Sq. Ft. |
Land | 7.9 acres |
Property Description
Trails End Resort sits on 7.9 Acres and has over 14,500 sf of buildings including 9 cabins, main lodge with bar/restaurant, lodge rooms and a camping area. There is a newly built single family home also available (not included). Additionally, there are 24 acres of development land which is directly adjacent to the resort with 235 feet of lakeshore ($200,000) & a new home built on 1.79 acres ($450,000), both of which are also available.
Location Description:
Trails End Resort is located on Echo lake, 22 miles east of Orr. The 24 acres of development land is directly adjacent to the resort.
Highlights:
>> Very popular full service, four season resort - 6.3 Miles from Canadian Border
>> 13% Cap Rate
>> Only a 10%-15% Downpayment Required ($179,000) with SBA - See Financing Example
>> 568 feet of total lake shore on 7.9 Acres (Resort Only)
>> 9 cabins, 4 camper sites (full hooks ups), 4 camp sites (electric), 2 lodge rooms and 1 unfinished cabin
>> Also available: 24 acres dev land with 235 ft of additional lakeshore ($200,000) & new home w/1.79 acres and ($450,000)
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Financials
Sales Info:
>> Cap rate: 13.0%
>> Commision split: 3.0%
>> NOI: $232894