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.
Attached Garage, Detached Garage, Heated Garage, Uncovered/Open, Driveway - Gravel
Propane, Electric, Baseboard, Forced Air
|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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