Growing marina and cabin rental business centrally located on Lake Vermilion

MLS# 132272 — The business was established in the early 1930's and has experienced a resurgence with the ownership change in 2014.


$1,550,000
4296 Arrowhead Point Rd
Tower, MN 55790

9000 sq. feet

Property Location

Description

Growing marina and cabin rental business centrally located on Lake Vermilion. The business was established in the early 1930's and has experienced a resurgence with the ownership change in 2014. The new ownership group has upgraded much of the infrastructure and has seen steady revenue growth as a result. The property includes 8 acres, approx 1100 ft of lakeshore, docks with 60+ slips, general store, bottle shop, bait, fuel, boat/engine repair, and year-round boat storage. Also included are 5 rental cabins (4 are 4-season), all of which have been refurbished since 2014. Two pole buildings offer over 12,000 SQFT of space for long & short term boat storage. The nearly 2000 SQFT historic building offers possibilities for restaurant development for sale or lease. See document section for additional info.

LISTING COURTESY Coldwell Banker Properties North

Lot Details

Waterfront Lake Vermilion
Lot Length? 800
Lot Width 550
Irregular Lot Size? Yes

Legal & Utilities Details

Parcel Code Multiple Lookup
MLS # 132272

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