8450 Vermilion Dr - Vintage Vermilion Cabins and Retreat 4,720 SF Hospitality Building Offered at $2,795,000 in Cook, MN 55723
INVESTMENT HIGHLIGHTS
- Private resort that also functions as a corporate and family retreat
- 5 spacious, charming and fully furnished cabins that sleeps 26 with 9 additional buildings including the main lodge, and the fully furnished Retreat
- ±88 acres of land included with much of the acreage still left for future development, located in an income tax opportunity zone
- Located on ±3,000 feet of beautiful shoreline on Lake Vermilion, just 4 hours from the Twin Cities and 2 hours from Duluth, MN
- Numerous activities and amenities including a sauna, nature paths, a 2-mile long driveway for biking or jogging, boating and much more
- Located on one of the most popular vacation and recreational lakes in the Midwest, Lake Vermilion, which features world-class fishing and top ratings
EXECUTIVE SUMMARY
The Property is located on Black Bay on Lake Vermillion in the heart of Minnesota's Arrowhead Region; a mere 17 miles northeast of Cook, MN, 40 miles north of Virginia, MN, 110 miles north of Duluth, and just 240 miles north of the Twin Cities Metropolitan Area.
Lake Vermilion is Minnesota's fifth largest lake with over 40,000 acres of water, 365 islands, and over 1,200 miles of pristine shoreline. It was voted by National Geographic as one of the most scenic lakes in the United States, and it is located between the Superior National Forest and Voyageurs National Park and is the gateway to the Boundary Waters Canoe Area. Seventy miles south of the Canadian border.
Although currently operated as a resort, the quality and size of the asset also lends well to a variety of uses going forward including, but not limited to, a private estate/family compound, hunting & fishing camp, corporate retreat, further development on all the additional acreage, etc.
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Patio
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 8450 VERMILION DR , COOK, MN 55723
The Property is located on Black Bay on Lake Vermillion in the heart of Minnesota's Arrowhead Region; a mere 40 miles north of Virginia, MN, 110 miles north of Duluth, and just 240 miles north of the Twin Cities Metropolitan Area. Black Bay is a private lake attached to the main portions of Lake Vermilion, which are easily accessed via a scenic passage along the Partridge River channel (hundreds of yards wide) at the west end of the main bay. Lake Vermilion is Minnesota's fifth largest lake with over 40,000 acres of water, 365 islands, and over 1,200 miles of pristine shoreline. It was voted by National Geographic as one of the most scenic lakes in the United States, and it is located between the Superior National Forest and Voyageurs National Park and is the gateway to the Boundary Waters Canoe Area. Only 70 miles south of the border, providing a Canadian Shield type of experience. Distances from larger cities include: Duluth, MN - 110 miles northwest of Duluth Minneapolis, MN – 240 miles northeast of Minneapolis Fargo, ND - 260 miles east of Fargo The nearest domestic airport with commercial passenger service is located approx. 50 miles way in Hibbing, MN. There is a local airport and private hangars in Cook, about 20 miles away. Jets may also fly into the Ely airport about an hour away. Black Bay provides ideal, quiet place for float plane landings. Bay Beach provides an ideal quiet place fr fleet plane landings. The Property is located approximately 110 miles from Duluth International Airport (Duluth, MN), 240 miles from Minneapolis-Saint Paul International Airport (Minneapolis, MN), and 260 miles from Hector International Airport (Fargo, ND).
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 5 | $362.00 | - |
PROPERTY TAXES
| Parcel Number | 250002000101 | Improvements Assessment | $111,000 |
| Land Assessment | $372,100 | Total Assessment | $483,100 |
