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- LoopNet Team
8347 Timber Bay Rd
Babbitt, MN 55706
Timber Bay Lodge and Houseboats · Hospitality Property For Sale
·
17,734 SF
Investment Highlights
- Premier resort and houseboat rental business that is nestled deep within the heart of the Superior National Forest
- Structures include 14 cabins, 13 houseboats, a boathouse, an owner's residence (included in the sale price), and an office/gift shop building
- The resort offers a variety of activities, including children's programs as well as boating, camping, fishing, swimming, pickleball, and more
- 11.02% Cap Rate based on 3-year EBITDA average plus owner's residence pro forma profit
- Situated on 1,482 feet of waterfront on Birch Lake with a full-service marina along with a safe, sandy swim beach
Property Facts
| Property Type | Hospitality | Building Size | 17,734 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1947/2018 |
| Lot Size | 22.44 AC | Corridor | Exterior |
| Zoning | SMU-11 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 22.44 AC |
| Building Size | 17,734 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2018 |
| Corridor | Exterior |
| Zoning | SMU-11 |
Amenities
- High Speed Internet Access
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 8347 TIMBER BAY RD , BABBITT, MN 55706
Babbitt, Minnesota, is a picturesque city situated in St. Louis County, in the northeastern part of the state. Located within the Iron Range, Babbitt is surrounded by the Superior National Forest, offering a serene natural setting with dense forests, clear lakes, and abundant wildlife. The city is about 100 miles north of Duluth and near the Boundary Waters Canoe Area Wilderness, making it a gateway for outdoor enthusiasts. Known for its rich mining history, Babbitt has a small-town charm with a strong sense of community, providing a tranquil lifestyle amidst Minnesota's beautiful Northwoods. Birch Lake is known for its clear waters and abundant recreational opportunities. Covering approximately 7,000 acres with over 100 miles of shoreline, the lake is nestled within the Superior National Forest, offering a serene and picturesque setting. Birch Lake is popular for fishing, boating, and kayaking, with species such as walleye, northern pike, and smallmouth bass thriving in its waters. The surrounding forested areas provide excellent spots for camping, hiking, and wildlife viewing, making Birch Lake a favorite destination for nature lovers and outdoor enthusiasts. The Boundary Waters Canoe Area Wilderness (BWCAW) is a vast wilderness area located in the northern part of the Superior National Forest in northeastern Minnesota, United States. It is renowned for its pristine lakes, rivers, forests, and abundant opportunities for outdoor recreation including camping, fishing, hiking, and portaging with the primary activity in the BWCAW being canoeing and kayaking. There are more than 1,200 miles of canoe routes, with over 1,000 lakes and countless rivers and streams. Paddlers can explore the interconnected waterways, enjoying the serene beauty of the region. Proximity to larger cities: 100 miles north of Duluth, MN 236 miles northeast of Minneapolis, MN 270 miles northeast of Fargo, ND 389 miles southwest of Thunder Bay, ON Airports in close proximity include Range Regional Airport (60 miles), Duluth International Airport (100 miles), and Falls International Airport (125 miles).
Property Taxes
| Parcel Number | 610001104245 | Improvements Assessment | $1,205,900 |
| Land Assessment | $617,300 | Total Assessment | $1,823,200 |
Property Taxes
