Deer Riv, MN (Itasca County)


Asking Price:$950,000

Cash Flow:$100,000

Gross Revenue:$205,000




Rate/Sq. Ft.:N/A



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Business Description

Pound for pound one of the best deals on the market. 13 rental units many of which are winterized, 10 RV sights with hook ups, all cabins can be expanded all on a great lofty parcel with long lake and sunset views within a protected bay.

Detailed Information

Real Estate:
Building Sq. Ft.:
Lease Expiration:
owners + 4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Lodge, 4 bedroom 2/bath home, 12 individual rental cabins from 1 - 4 bedroom, 2 garages one heated with a second floor rental apartment. Includes 10 seasonal RV sights and a dock system for 24 boats. Sale includes,6 rental boats, lawn and maintenance equipment, 4x4 pickup, 6 winter fish house rentals and tools. All cabins on full concrete foundations and all roofs replaced in the last 4 years. Resort is on a very economical US Forest Service lease which has existed in the area since 1930. Terms are 25 years and lease an taxes together are about $7,000. Land value is about $400,000 which one could not afford to own at that lease cost. There is 610' of lake shore on a 67,000 acre lake very well known for great fishing, year round.
There are a number of other resorts in the area, most all on National Forest Leases. The lake will well known through out the midwest for fishing, vacationing and hunting. Resorts work together for mutual benifits.
Growth & Expansion:
Small cabins could be moved to RV sights and new larger cabins built on premium water front sights. Rates are modest and should be increased.
Support & Training:
Owners will stay in the area, train a buyer actively for the necessary time then be available on a consulting bases for over a year.
Reason for Selling:
another business

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John Seekon

Business Listed By:
John Seekon

Orion Resort Sales

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Sponsoring Broker:
Tom Ossell

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