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For Sale:  Beatty Twp MLS# 6578007

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Active
$2,795,000
/mo Edit
Commercial:  Resort
Built 1960
88 acres
St. Louis County schools
MLS# 6578007
763-576-8286
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    Property Description

    This private resort captures a serene wilderness setting with 5 charming cabins on ±88 acres and ±3, 000 feet of shoreline on the most remote automobile-accessible area of Lake Vermilion. The Property offers several activities and amenities including paddle boats, kayaks, canoes, a sauna, a 2-mile-long driveway for biking or jogging, and much more. Significant additional development potential exists given the fact that the Property is situated on ±88 acres. This property is located in an opportunity zone. The Property is located on Black Bay on Lake Vermillion in the heart of Minnesota's Arrowhead Region; a mere 17 miles northeast of Cook, MN, 40 miles north of Virginia, MN, 110 miles north of Duluth, and just 240 miles north of the Twin Cities Metropolitan Area.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $2,795,000
    Property Type: Commercial
    City: Beatty Twp
    County: St. Louis
    Year Built: 1960
    State: MN
    Property Style: Resort
    Zip Code: 55723
    Subdivision Name: Beatty Town Of

    Exterior

    Other Parking Spaces: 20
    Air Conditioning: Wall Unit(s)
    Foundation Size: 4,720 ft2
    Foundation Dimensions: Irregular
    Handicap Accessible: None
    Heating System: Baseboard
    Parking Features: Open
    Shared Amenities:
    • Beach
    • Other
    • Patio
    • Porch
    • Sauna
    Exterior Material:
    • Log Siding
    • Wood Siding

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Vermilion
    Waterfront View: Bay
    DNR Lake ID#: 69037800
    WF Frontage: 3000
    Lake Chain Name: N
    Lake Acres: 39272
    Lake Depth: 76
    Waterfront: Lake Front

    Lot & Land

    Acres: 88
    Geolocation: 47.966333, -92.585965
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory
    Lot Dimensions: Irregular
    Addl Parcels: 250002000101, 250002000270
    Zoning:
    • Business/Commercial
    • Other

    Schools

    School District: 2142
    District Phone: 218-749-8130

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $3,892
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,892

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Commercial
    • Other
    • Resort
    Fuel System: Propane
    Owner Occupied: No
    Sewer System: Septic System Compliant - Yes
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Northco Real Estate Services.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.