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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 | Building Size | 40,000 SF |
Property Subtype | Hotel | No. Stories | 1 |
Building Class | B | Year Built | 1970 |
Lot Size | 5.40 AC | Corridor | Exterior |
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
Parcel Numbers |
Multiple
|
Improvements Assessment | $420,900 |
Land Assessment | $575,000 | Total Assessment | $995,900 |
PROPERTY TAXES
- 06-0231-030
- 06-0242-000
- 06-0231-010
Learn More About Investing in Hospitality Properties
Listing ID: 13517925
Date on Market: 8/16/2018
Last Updated:
Address: 3041 Oak Is, Oak Island, MN 56741
The Hospitality Property at 3041 Oak Is, Oak Island, MN 56741 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.