LOCATION: This deep woods resorts is off the main road one mile, only 30 minutes from Ely, MN and is on a lake over 4 miles in length and has the Canadian shield rocky shoreline with all the Pine.

AMBIENCE: The buildings are all natural wood, the cabins all have great lake views, Big sandy beach for guests, quiet walkways connect the cabins and these are spaced far apart for privacy.

BUILDINGS AND EQUIPMENT: This resort is over equipped. Lots of equipment to maintain the grounds. Large heated new shop, backhoe, track hoe, newer dump truck, lots of good boats and pontoon. Golf carts, 4x4 ATV and lots more. All the storage space you will need. There is a new storage building with garage doors. Three bd room home over the nice lodge.. There are about ten cabins and 7 of them are winterized for your winter guests. Most of them have new beds, fire place, knotty pine in the interiors and remember these are almost new.

FINANCIAL: This rustic resort stuck back in the woods is a sight for sore eyes. The place is mostly booked all summer and also has a sound winter business. The resort is being sold with a cap rate of 9 to 10. This resort has a strong net income that will give the buyer a chance to sleep at night knowing they have plenty of income to support the place. The target sale price is 2 million. The sellers think they can show a buyer and lender this is the right price.

Call 1-218-854-7500 for more information.