Property Description Lake of the Woods resort for sale! Family-run Ships Wheel Resort is for sale after a very successful 28-year run with the current owners. Turn-key operation that is year around. Includes dock rentals, fish houses, main lodge with owner's quarters (3 bed/2 bath) and 4 riverside cabins (each 2 bedrooms) complete with a modern, spacious duplex that has multiple beds on each side. Property also features a shop with attached living quarters and 11 mobile home sites that are rented on an annual basis with 9 spots rented. Early and late ice equipment setups as well as two launches and an 18 ft aluminum boat for rentals. Established, repeat customer base in place. Business could easily be expanded in several ways to include food, liquor, or physical premises. Sellers have done everything without hiring any help other than a part time launch driver. Adjacent to public boat ramp. Desirable opportunity to be in control of your own destiny.
Details
Contract Information
Status: Closed
Off Market Date: 2023-04-19
Current Price: 1300000
Closed Date: 2023-07-27
Sales Close Price: 1300000
Contingency: None
ListPrice: 1500000
List Date: 2023-02-27
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 6
Owner Occupied: Yes
Waterfront Frontage: 350
Waterfront YN: Yes
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1216
Garage Stalls: 5
Lake/Waterfront Name: Rainy River
Power Company: North Star Electric Coop
For Sale or Lease: For Sale
Acres: 4.62
Lot Dimensions: 350x420x350x530 & 150x270x150x270
Assessment Pending: Unknown
Location Tax and Other Information
Postal City: Baudette
County: Lake of the Woods
State: MN
Zip Code: 56623
Additional Parcels Information
Property ID #2: 235603010
Assessments
Tax With Assessments: 3986
Basement
Foundation Dimensions: Varies
Building Information
Building Finished SqFt: 4340
Building SqFt: 4340
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 15-26
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 32x52
Garage Door Height: 8
Garage Door Width: 9
Garage Square Feet: 1664
Public Survey Info
Range#: 32
Section#: 1
Township#: 161
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land
Unit 2
No. of 2 Bedroom Units: 5
Unit 3
No. of 3 Bedroom Units: 3
Unit Details
Total Units: 7
Property Features
Accessible: None
Appliances: Fuel Tank - Rented; Range; Refrigerator