2279 Grant Mcmahan Boulevard, Ely, MN 55731 (MLS# 6231217)
$1,750,000
Ely, MN 55731
MLS# 6231217
Status: Closed
15 beds | 10 baths
1 / 24
Property Description
BRING OFFER! Full Service Boundary Waters Area Resort With BOOKS THAT EASILY SUPPORT THE ASKING PRICE. Set on paved road with 10.7 acres and 1,015 ft south facing lakeshore on beautiful Shagawa Lake, just 7 miles to Ely. Property offers 10 cabins, fishing boat rentals & the largest fleet of pontoon boat rentals in the area. Ample room for expansion in this growing market! Shagawa is a 2344 acre lake, 48 ft deep, historically one of the best walleye lakes in the area where anglers pursue them nearly year round. Turn key opportunity to own your own popular business on a popular lake! Call today!
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2023-09-05
Current Price: 1350000
Closed Date: 2024-01-02
Sales Close Price: 1350000
Contingency: None
ListPrice: 1750000
List Date: 2022-07-06
Owner is an Agent?: No
Auction?: No
General Property Information
Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Road Btwn WF & Home?: Yes
Waterfront Frontage: 1015
Waterfront Present: Yes
Year Built: 2013
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Bedrooms: 15
Baths Total: 10
Foundation Size: 7000
Lake/Waterfront Name: Shagawa
Power Company: Lake Country Power
For Sale or Lease: For Sale
Acres: 10.73
Lot Dimensions: 1017X1015
Location Tax and Other Information
House Number: 2279
Street Name: Grant Mcmahan
Street Suffix: Boulevard
Postal City: Ely
County: St. Louis
State: MN
Zip Code: 55731
Complex/Dev/Subdivision: Morse Town Of
Assessments
Assessment Balance: 450
Tax With Assessments: 4280
Basement
Foundation Dimensions: 50x27
Building Information
Building Finished SqFt: 7000
Building SqFt: 7000
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 10-15
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 12
Section#: 19
Township#: 63
Sale Options
Sale Includes: Building, Business, Land
Unit Details
Total Units: 15
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Amenities Shared: Beach; Deck; Porch
CMU Style: Resort
Construction Status: Previously Owned
Current Use: Resort
Elevation Highpoint to Waterfront Slope: Gradual
Exterior: Wood
Financing Terms: Conventional
Fuel: Electric; Propane; Wood
Heating: Forced Air
Lake Details: Sand
Lot Description: Irregular Lot
On Site Utilities: Electric Common; Heating Common
Road Responsibility: Public Maintained Road
Roof: Metal
Sewer: Private Sewer
Stories: One
Water: Private
Waterfront View: Lake; Panoramic; South; East; West
Listing Office: Janisch Realty, Inc
Last Updated: August - 07 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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