9422 Hearthside Dr | Tower, MN 55790
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9422 Hearthside Dr
Tower, MN 55790
Pike Bay Lodge · Hospitality Property For Sale
·
13,701 SF
Investment Highlights
- Year-round resort located on one of Minnesota's most popular lakes, Lake Vermilion
- 30 acres of land total with ±21.4 acres available for future development included in the sale price
- Amenities include boat rentals, hunting, fishing, clean fish house, safe sand beach, on-site boat launch with parking
- 12% cap rate based on pro forma financials
- 10 unique cabins, an owner's/manager's residence and RV sites; sleeping accommodations range from 6 to 15 individuals per cabin
Property Facts
| Property Type | Hospitality | Building Size | 13,701 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built | 1941 |
| Lot Size | 15.66 AC | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 15.66 AC |
| Building Size | 13,701 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Corridor | Exterior |
Amenities
- Balcony
- High Speed Internet Access
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
Property Taxes
| Parcel Number | 560001000410 | Improvements Assessment | $876,900 |
| Land Assessment | $457,800 | Total Assessment | $1,334,700 |
Property Taxes
Parcel Number
560001000410
Land Assessment
$457,800
Improvements Assessment
$876,900
Total Assessment
$1,334,700
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