For Sale: Kabetogama Twp MLS# 6538852
Active
$3,000,000
Commercial: Resort
Built 2002
21.21 acres
St. Louis County schools
MLS# 6538852
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Property Description
(10.7% Cap Rate) This remarkable property has over 20 acres of land and boasts over 1, 000 feet of shoreline nestled along Lake Kabetogama. The property boasts 20 fully furnished cabins, 34 RV sites, 30 docks, and a fleet of 11 boats, ensuring guests enjoy a comfortable and memorable stay. The Resort offers not only a lucrative turn-key business but also immense potential for expansion. With ample undeveloped land, opportunities abound to enhance services, add accommodations, and optimize the main lodge, making it an enticing prospect for investors and visionary entrepreneurs in the hospitality industry.
Whether you're seeking a profitable venture or aiming to leave a mark in hospitality, The Pine Aire Resort offers an unparalleled opportunity to own a premier destination in one of nature's most captivating settings. Don't miss out on the chance to become part of this extraordinary legacy.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,000,000
Property Type:
Commercial
City:
Kabetogama Twp
Garage Spaces:
99
County:
St. Louis
Year Built:
2002
State:
MN
Property Style:
Resort
Zip Code:
56669
Subdivision Name:
Kabetogama Town Of
Exterior
Garage Spaces:
99
Other Parking Spaces:
100
Foundation Size:
20,000 ft2
Handicap Accessible:
None
Heating System:
Other
Parking Features:
- Detached
- Gravel
- Guest Parking
- Open
- RV Access/Parking
- Unassigned
Exterior Material:
Wood Siding
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Kabetogama
Waterfront View:
East, Harbor, Lake, North, Panoramic, West
DNR Lake ID#:
69084500
WF Frontage:
1000
Lake Chain Name:
N
Lake Acres:
24034
Lake Depth:
80
Waterfront:
- Dock
- Lake Front
- Lake View
Lot & Land
Acres:
21.21
Geolocation:
48.4470721316, -93.0357527302
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Lot Dimensions:
231X257X51X132X222X160X48X135X89X392X127X409X35X376
Addl Parcels:
402001001711, 402001001717
Zoning:
Business/Commercial
Schools
School District:
2142
District Phone:
218-749-8130
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$14,386
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,386
Units
Total Units:
21
Miscellaneous
Current Use:
Resort
Fuel System:
Other
Owner Occupied:
Yes
Sewer System:
- Mound Septic
- Septic System Compliant - Yes
Available Utilities:
Electric Common
Water System:
Lake Water
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.