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For Sale:  Grand Rapids MLS# 7089984

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Active
$1,500,000
/mo Edit
Commercial:  Other
Built 1982
6.01 acres
Grand Rapids schools
MLS# 7089984
763-576-8286
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    Property Description

    Turnkey lakefront resort opportunity on Little Bass Lake in the heart of Northern Minnesota's lake country. This established 6-cabin resort sits on roughly 6 acres with direct access to a quiet, fishable 161-acre lake reaching depths of 62 feet, perfect for walleye, panfish, and peaceful days on the water. The main residence, built in 1982, offers approximately 1, 625 square feet of living space for an owner-operator or on-site manager. Each of the 6 rental cabins carries its own established weekly rate, with the property already booking strong for the current season, over 75 week-units reserved between late May and mid-October. With a loyal repeat guest base, proven seasonal cash flow, and room to grow rates and occupancy, this is a rare chance to step into a profitable, ready-to-run resort business just minutes from Grand Rapids, MN. Whether you're looking for an income property, a family compound with rental income, or your next business venture in Northern Minnesota's booming lake market, this property delivers location, infrastructure, and a track record all in one package.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,500,000
    Property Type: Commercial
    City: Grand Rapids
    Garage Spaces: 2
    County: Itasca
    Year Built: 1982
    State: MN
    Property Style: Other
    Zip Code: 55744

    Interior

    Appliances Included:
    • Range
    • Refrigerator
    • Washer

    Exterior

    Garage Spaces: 2
    Foundation Size: 1,800 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Fireplace(s)
    Parking Features:
    • Detached Garage
    • Gravel

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront View: Lake
    Waterfront: Lake Front
    Lake Bottom: Sand

    Lot & Land

    Acres: 6.01
    Geolocation: 47.2865449, -93.600599
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory
    Lot Dimensions: 691 x 578 x 633 x 417
    Zoning: Business/Commercial
    Lot Description:
    • Accessible Shoreline
    • Tree Coverage - Medium

    Schools

    School District: 318
    District Phone: 2183275704

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $6,872
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,196

    Income

    Annual Gross Income: $105,875

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Resort
    Fuel System: Propane
    Sewer System: Private Sewer
    Available Utilities: Heating Separate
    Water System: Private

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Pemberton RE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.