High occupancy, high cash flowing year-round resort on one of Minnesota’s most productive fishing and recreation lakes.
Resort for Sale – Deer River, MN. The Pines Resort & Campground offers 13 housekeeping cabins, nine seasonal RV campsites, and three RV campsites set amidst a wooded shoreline of oak, maple, birch and pine on Lake Winnibigoshish. Lake Winnie enjoys a great reputation as one of Minnesota’s top walleye fishing lakes. The lake offers great structure and has large numbers of northern, perch, bass and panfish. It is also the home of the state record Muskie. The Pines Resort also offers boat and motor rental, a concrete boat ramp, live bait, tackle, gas, oil and individual boat slips.
The cabins range from single bedroom units for two to a large five bedroom with two full baths. Most of the cabins are winterized and all feature modern conveniences like air conditioning, automatic coffeemakers, microwaves and color TV’s. Each cabin has a kitchen and bath, a picnic table and a charcoal grill. There is wi-fi access in all cabins and all 8 campsites.
Like most resorts in this area, The Pines is located on Federal Land under a 99 year lease with the National Forest. Most resorts in this area operate and have operated under this system for several decades. Federal Leases are very similar to deeded property in your rights as tenants. Rather than paying RE Taxes you pay a Fixed lease amount. Owners are still free to make improvements and changes to the property only rather than going through several county entities, you deal directly with the National Forest. While you do not own the land, these business continue to trade ownership under values based on cash flow and financial returns.
|Price||$895,000||Property Type||Resort & CG|
|Address||17221 Winnie Dam Rd||Lot Size / Acres||5.8 ac|
|City||Deer RIver||Lake Frontage||900 +/-|
|State||MN||Lodge Sqft||1,700 +/-|
|Cap Rate||11.2%||Cash on Cash||19.2%|
Lodge & Home
|Sq Ft||600 +/-||Wine||No|
Cabins & Campsite
|Bed 3||3||RV Non-Seasonal||3|
Dock & Water Systems
|Septic||Tank / DF|