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LOCATION
This executive retreat is located on Northeastern Minnesota's
historic and legendary Gunflint Trail, just 32 miles from Grand Marais,
Minnesota. This retreat was started in 1930 and operated as a premier
get-away for guests from the Twin Cities, Milwaukee and Chicago. It had 22
cabins and a great lodge before the property was burned by a forest fire.
The place remained abandoned until 1990 and a few of the old cabins were
restored at that time. The retreat now operates as a B&B with 5 historic
cabins and a new White Cedar Lodge with guest rooms. There are no outboard
motor restrictions on Poplar Lake.
AMBIENCE
The retreat has beautiful lake views from
the cabins and lodge. Pine, Birch, Oak and Popular trees surround the
buildings and create a north woods feeling of of - Alone in the
Wilderness. The retreat is nestled in a quiet bay of beautiful Poplar
Lake. A lake with 21 islands and five portages into the BWCA.
BUILDINGS AND
EQUIPMENT
The seven cabins have been upgraded with knotty pine interiors,
fireplaces, full kitchens, open beam logs, newer appliances, lake views,
rustic beds and furniture. A new sauna building and older shop for
equipment storage. There is a master suite in the lodge with great lake
view that has 3 bedrooms. There are 3 deluxe rental suites in the lodge
with outside entrances for guests to rent.
There are rental boats,
motors, canoes, lawn equipment, outfitting equipment and much more. All of
this personal property and equipment warranted to be in good working
condition at closing. The great lodge is only four years old and has three
Rumford style boulder fireplaces and several great white cedar native
timers that make up the lodge. There is about 500' of perfect lakeshore
and about 8 acres. The lodge has about 7500 sq/ft including decks. The new
commercial kitchen and bar with full liquor licenses and large dining
rooms and gift shop all make this retreat a perfect hideout for families
or corporate groups.
FINANCIAL
This resort has operated year around and serves cross-country skiers,
snowmobilers, fishermen, wildlife artists and snowshoers. There is space
for additional cabins. This resort has the makings for a real up scale
resort on the Gunnflint Trail. The owner wants to retire.
The asking price is $1.6 million, but the seller is open to a reasonable
offer on price as well as creative financing. This is a rare resort. Call
or email RSG,Inc. and set up a 20 evaluation agreement to study all
aspects of this assume place.
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