For Sale | 88 Acre Resort or Private Retreat on Lake Vermilion

Highlights

• Private resort that also functions as a corporate and family retreat located on ±3,000 feet of beautiful shoreline on Lake Vermilion, just 4 hours from the Twin Cities and 2 hours from Duluth, MN
• 5 spacious, charming, and fully furnished cabins that sleep 26 with 9 additional buildings including the main lodge with lakeside screen porch, and the fully furnished Retreat, which can be reserved for some solitude during your stay
• Numerous activities and amenities including a sauna, nature paths, a 2-mile long driveway for biking or jogging, boating and much more
• ±88 acres of land included with much of the acreage still left for future development, located in an income tax opportunity zone
• Located on one of the most popular vacation and recreational lakes in the Midwest, Lake Vermilion, which features world-class fishing and is consistently voted amongst the top ten most scenic lakes in the United States, including by National Geographic

Description

SVN | Northco is pleased to present the sale of Vintage Vermilion Cabins & Retreat located on Black Bay on Lake Vermilion, MN (Property). This private resort captures a serene wilderness setting with 5 charming cabins on ±88 acres and ±3,000 feet of shoreline on the most remote automobile-accessible area of Lake Vermilion. The Property offers several activities and amenities including paddle boats, kayaks, canoes, a sauna, a 2-mile-long driveway for biking or jogging, and much more. Significant additional development potential exists given the fact that the Property is situated on ±88 acres. This property is located within an income tax opportunity zone and also in a rare Shoreland Mixed Use zoning category. It is one of the largest undeveloped parcels on the lake permitting such commercial use.

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.

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).

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