Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Greenwood Twp MLS# 6701596

My notes for this property


Add listing to my favorites (required)
Active
$1,400,000
/mo Edit
Commercial:  Resort
Built 1952
3.2 acres
St. Louis County schools
MLS# 6701596
763-576-8286
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask the Agent℠

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    Do you believe in miracles? You could be the owner/operator of this quaint MA and PA resort on beautiful Lake Vermilion! In Minnesotaâ??s Arrowhead, Lake Vermilion is a destination of choice for many, for its notorious walleye and muskie fishing, proximity to Canadian border and outright recreational wonderland. â??Royâ??s Last Resortâ?? features three lakeside cabins, four rental RV sites and a very nice ranch-style main living quarters that overlooks it ALL. This is a place where you can enjoy BEAUTIFUL sunsets over the lake all year round while hosting guests, family or friends in the common area for Fish Fryâ??s or relaxing fires! The three cabins: Fireside, Northern Lights, and Lakeview, are all unique with their own special charm, but have large sitting decks and fantastic views of the lake for guests to unwind and admire. The sale includes everything needed to start up on day one like multiple docks for boat parking and rentals, many necessary maintenance items and so much more! There is a HUGE garage/repair shop for all your maintenance and storage, not to mention ROOM TO GROW! Yes, there are multiple spots to build cabins, RV spots, etc.! Opportunities like this are far and few in between. SCHEDULE YOUR TOUR TODAY! Financials are available to qualified buyers. Bookings are currently handled by VRBO, Airbnb and several others.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,400,000
    Property Type: Commercial
    City: Greenwood Twp
    Garage Spaces: 0
    County: St. Louis
    Year Built: 1952
    State: MN
    Property Style: Resort
    Zip Code: 55790
    Subdivision Name: Birchwood

    Interior

    Ranges: Four
    Refrigerators: Four
    Appliances Included:
    • Electric Water Heater
    • Gas Water Heater
    • Microwave
    • Range
    • Refrigerator
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Other Parking Spaces: 10
    Foundation Size: 1,568 ft2
    Foundation Dimensions: 28x56
    Handicap Accessible: Partially Wheelchair
    Road Responsibility: Private Maintained Road
    Heating System:
    • Baseboard
    • Fireplace(s)
    • Space Heater
    Parking Features:
    • Asphalt
    • Heated Garage
    • Units Vary
    Shared Amenities:
    • Beach
    • Dock
    Road Frontage: Private Road
    Exterior Material:
    • Vinyl Siding
    • Wood Siding

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Vermilion
    Waterfront View: Bay, Lake
    DNR Lake ID#: 69037800
    Lake Chain Name: N
    Lake Acres: 39272
    Lake Depth: 76
    Waterfront:
    • Dock
    • Lake Front
    Lake Bottom:
    • Gravel
    • Rocky
    • Sand

    Lot & Land

    Acres: 3.2
    Geolocation: 47.845558, -92.378186
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
    Lot Dimensions: 466 x 300
    Addl Parcels: 387008000240, 387008000250
    Zoning: Business/Commercial
    Lot Description: Many Trees

    Schools

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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,459
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,679

    Units

    Total Units: 3

    Miscellaneous

    Current Use: Resort
    Fuel System:
    • Electric
    • Propane
    Owner Occupied: No
    Sewer System: Septic System Compliant - Yes
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Separate
    Water System:
    • Drilled
    • Private
    • Well

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.