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Cuyuna Cove 22642 Highway 6 N 10 Room Hotel Crosby, MN 56441 $2,490,000 ($249,000/Room) 10% Cap Rate
Investment Highlights
- Profitable year-round resort operation offered at a 10% cap rate in one of the top Midwest vacation destinations of the Brainerd Lakes Area of Minneso
- The property spans 3.5 acres with 10 custom-built units: 5 seasonal bungalows and 5 year-round cabins, with future expansion potential
- Modern outdoor retreat experience with direct access to globally ranked Cuyuna Country State Recreation Area, 70 miles of world-class mountain biking
- Custom amenities including a redwood sauna, tiled bathhouse, bike and outdoor gear storage and more
Executive Summary
The Property features 10 custom-built elevated units—5 seasonal bungalows and 5 year-round cabins—designed with a modern, tree-fort aesthetic and offering stunning views of the surrounding landscape. Amenities include a custom cedar and redwood sauna, a two-toilet and two-shower bathhouse with tiled and cedar finishes, and a utility hub. The Property also includes a storage shed, wood lean-to, and a well-maintained septic system with the capacity for 15 total units. Cuyuna Cove is the perfect combination of adventure, tranquility, and modern convenience, providing a one-of-a-kind retreat for guests looking to disconnect, explore, and rejuvenate in the heart of nature.
Additional development opportunities are available, including the potential to construct more cabins on the property. Take advantage of this unique opportunity in the very desirable vacation destination of the Brainerd Lakes Area of Minnesota.
Property Facts
| Price | $2,490,000 | Building Class | B |
| Price Per Room | $249,000 | Lot Size | 3.50 AC |
| Sale Type | Investment | Building Size | 2,150 SF |
| Cap Rate | 10% | No. Rooms | 10 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 2020/2023 |
| Property Subtype | Hotel | Corridor | Exterior |
| Price | $2,490,000 |
| Price Per Room | $249,000 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.50 AC |
| Building Size | 2,150 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 2020/2023 |
| Corridor | Exterior |
Amenities
- Balcony
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
About 22642 HIGHWAY 6 N , CROSBY, MN 56441
Crosby, Minnesota, is a charming city located in Crow Wing County, in the heart of the state's central region. Nestled within the Cuyuna Range, Crosby is surrounded by lush forests, rolling hills, and an abundance of lakes, making it a prime destination for outdoor enthusiasts. The city is approximately 125 miles northwest of Minneapolis and close to the Brainerd Lakes area, offering both the tranquility of small-town life and easy access to larger urban amenities. Known for its mining heritage, Crosby has transformed into a hub for recreation and tourism, providing a peaceful yet active lifestyle amidst Minnesota's scenic landscapes. Serpent Lake is a central feature of the Crosby area, known for its clear waters and extensive recreational activities. Covering around 1,100 acres with nearly 8 miles of shoreline, the lake offers opportunities for boating, fishing, and swimming. Anglers can find species such as walleye, northern pike, and bass, while the surrounding parks and trails provide excellent spots for picnicking, hiking, and wildlife viewing. Serpent Lake is a favorite destination for both locals and visitors seeking relaxation and outdoor fun in a picturesque setting. The Cuyuna Country State Recreation Area is a premier attraction near Crosby, offering more than 5,000 acres of land for outdoor activities. It is especially known for its extensive network of mountain biking trails, which wind through reclaimed mine lands, forests, and lakes. The recreation area also features opportunities for camping, fishing, kayaking, and scuba diving in former mine pits that have filled with crystal-clear water. This unique combination of natural beauty and adventure has made Crosby a beloved destination for nature lovers and adrenaline seekers alike. Proximity to larger cities: 15 miles northeast of Brainerd, MN 108 miles southwest of Duluth, MN 125 miles northwest of Minneapolis, MN 140 miles northeast of St. Cloud, MN 240 miles southeast of Fargo, ND Airports in close proximity include Brainerd Lakes Regional Airport (15 miles), St. Cloud Regional Airport (95 miles), and Minneapolis–Saint Paul International Airport (125 miles).
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $288.00 | - |
| Guest Room | 5 | $233.00 | - |
Property Taxes
| Parcel Number | 110122200AA0009 | Improvements Assessment | $564,200 |
| Land Assessment | $83,700 | Total Assessment | $647,900 |
Property Taxes
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Cuyuna Cove | 22642 Highway 6 N
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