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  • 4296 Arrowhead Point Rd

  • Tower, MN 55790
  • $1,695,000
  • 3 Beds
  • 3 Baths
  • MLS® #: 6029509
  • Year Built: 1930
COMMERCIAL property for sale in Tower, MN at 4296 Arrowhead Point Rd. This 3 bedroom commercial property is priced at $211,875/acre.

Description of 4296 Arrowhead Point Rd, Tower, MN 55790 - $1,695,000

Growing marina and cabin rental business centrally located on Lake Vermilion. The business was established in the early 1930's and has experienced a resurgence since the current owners took over in 2014. The new ownership group has upgraded much of the infrastructure and has seen steady revenue growth as a result. The property includes 8 acres, approx 1100 ft of lakeshore, docks with 60+ slips, general store, bottle shop, bait, fuel, boat/engine repair, and year-round boat storage. Also included are 5 rental cabins (4 are 4-season), all of which have been refurbished since 2014. Two pole buildings offer over 12,000 SQFT of space for long & short term boat storage. The nearly 2000 SQFT historic building offers possibilities for restaurant development for sale or lease. Check the document section at the top of the page for additional information.

Essential Information

  • MLS® #6029509
  • Price$1,695,000
  • Bedrooms3
  • Bathrooms3.00
  • Acres8.00
  • Year Built1930
  • TypeCOMMERCIAL
  • Sub-TypeBusiness Opportunity
  • StatusACTIVE

Parking

Attached Garage, Detached Garage, Heated Garage, Uncovered/Open, Driveway - Gravel

Exterior

  • ExteriorMetal, Vinyl, Wood
  • RoofAsphalt Shingles, Metal
  • ConstructionSteel, Frame/Wood

Community Information

  • Address4296 Arrowhead Point Rd
  • AreaTower
  • CityTower
  • CountySt. Louis County
  • StateMN
  • Zip Code55790

Interior

  • CoolingCentral, Window
  • FireplaceYes

School Information

  • DistrictSt. Louis County #2142

Amenities

  • AmenitiesBoat Docks
  • Is WaterfrontYes
  • WaterfrontLake

Heating

Propane, Electric, Baseboard, Forced Air

Kris LindahlREALTOR®

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Price Change History for 4296 Arrowhead Point Rd, Tower, MN (MLS® #6029509)

Date Details Price Change
Price Increased $1,695,000 $118,000 (7.48%)
Price Increased $1,577,000 $27,000 (1.74%)
Price Increased $1,550,000 $25,000 (1.64%)
Price Increased (from $1,495,000) $1,525,000 $30,000 (2.01%)
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