Property Listing No Longer Available for Sale

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
UpdatedApril 17th, 2017
TypeResort
Price$1,790,000
Building14,500 Sq. Ft.
Land7.9 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)

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 13.0%

>> Commision split: 3.0%

>> NOI: $232894