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3041 Oak Is
Oak Island, MN 56741

Oak Island Resort · Hospitality Property For Sale · 40,000 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 5.40 AC
Building Size 40,000 SF
No. Stories 1
Year Built 1970
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

About 3041 Oak Is , Oak Island, MN 56741

Resort For Sale – Oak Island, MN – LOTW. Oak Island Resort is a seasonal resort located on 20+ acres, with 1000’+/- of shoreline in the Northwest Angle on picturesque Lake of the Woods. OIR is comprised of nine fully equipped rental cabins, with a total of 27 bedrooms and 53 beds giving it the ability to accommodate all groups, large or small. Of the nine cabins, eight and the main lodge are built lakeside, with the ninth cabin being built less than 300' from the main dock. In addition to the rental cabins, the property also has a main lodge, owner’s residence, staff quarters, additional shower facilities, garage, storage building, fish cleaning facility and a large rock breakwater to protect the marina. Although fishing is the main attraction for visitors to OIR and LOTW, there are also options for more family style vacations with other recreational opportunities like kayaking, hiking trails, bird watching, picto-hunting, campfires, and generally exploring the rich history of the lake, including gold-mines and trapper cabins. The owners are currently in the process of upgrading the main dock to a floating dock system that will be able to accommodate up to 25 boats. The new dock system will be completed prior to the 2019 season. Optional – Adjoining the property is a 1.5 +/- acre parcel with 115’+/- of shoreline that is available for purchase should new buyers wish to have room to add another lakeside cabin. Oak Island Resort is located due east of the NW Angle on MN and is accessible by boat or float plane. Island Passenger Service offers launch transportation to the resort from Young’s Bay and is available on a first come first serve basis. Ford’s Transport Services offers on demand transportation to the resort from Rocky Point on the main-land side of MN.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-0231-030
  • 06-0242-000
  • 06-0231-010
Land Assessment
$575,000
Improvements Assessment
$420,900
Total Assessment
$995,900
  • Listing ID: 13517925

  • Date on Market: 8/16/2018

  • Last Updated:

  • Address: 3041 Oak Is, Oak Island, MN 56741

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