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MN Family Retreat - Tax Shelter

Grand Rapids, Minnesota

Services - Hotels & Other Lodging

Asking Price $975,000 Inventory $175,000* 
Gross Income Not Disclosed Real Estate $800,000* 
Cash Flow Not Disclosed Year Established 1986
FF&E All inventory included* Employees 0

* included in the asking price

** not included in the asking price

Live or Play on "Sky Blue" Waters

250' of lake shore on one of the premier chain of lakes in MN. Over 5000 acres of accessible water, nearly half is in National Forest. Modern 3 bdrm SFR, 4 rentable cabins and new loft apartment above 3 car garage. 8+ acres of land. Can be sub-divided or expanded. $975,000. Owner/Broker mnresort@qwestoffice.net

Facilities: 4 rentable cabins, modern 3 bedroom SFR, loft above 3-car garage. 250' of lakeshore on 8 wooded acres.

Competition: The only private resort facility on the lake. The lake is aqua blue and is a premiere lake in the area.

Growth/Expansion: Can be sub-divded into 2 parcels. Space to expand facilities. Current use seasonal 4-months.

Financing: Negotiable

Support/Training: Existing long-term clientele.

Reason Selling: Owners nearing retirement.

AD # 382277

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