88 Acre Resort or Generational Private Retreat on Lake Vermilion

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.

Sales 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