Listing Agency: Z' Up North Realty Show Phone

Listed By: Andrea Zupancich · License #40149923 Show Phone

Source: Exprealty

Added: Mar 7 Changed: Oct 5 Last Checked: Oct 16 at 10:46AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Z' Up North Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Ash River Trail Lodge is a resort property spanning 10 acres along more than 1,600 feet of river frontage. The operation includes 11 cabins, including 7 designed for year-round use, plus an owners' home, staff housing, laundry facilities, and a restaurant and bar with seating for 65 guests. Fifteen docks and 5 RV spots support boating and recreational stays, with room to expand the RV component noted in the property information.

The lodge provides direct river access for guests and boaters, with a 17-minute boat trip to Namakan and Kabetogama Lakes. Voyageurs National Park is also accessible by boat, and the setting includes dense pine forest, river views, and fishing opportunities. The combination of lodging, dining, docks, and on-site residential accommodations creates a consolidated resort operation in Orr, Minnesota.

Key Highlights

• 11 cabins, including 7 designated for year‑round use
• 15 docks along more than 1,600 feet of river frontage
• Restaurant and bar with seating for 65 guests

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$127,662

Cap Rate

5.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,553,240 $2.6M

Cap Rate 7%

$1,823,743 $1.8M

Cap Rate 9%

$1,418,467 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,430 SF

Gross rent

$345.0K $18.72/SF

− Vacancy

−$76.2K −$4.14/SF

EGI

$268.8K $14.58/SF

− OpEx

−$141.1K −$7.66/SF

NOI

$127.7K $6.93/SF

Area

St. Louis County, MN

Vacancy

22.10%

Lease Rate

$18.72 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,553,240

Cap Rate 7%

$1,823,743

Cap Rate 9%

$1,418,467

Alternative Uses

Best Use

Specialty Retail

$7.15M

$6.26M – $8.34M (±1% cap)

NOI $500,450 @ 7.0% cap · market cap 20.02%

Second Best

Hotel Hospitality

$1.82M

$1.60M – $2.13M (±1% cap)

NOI $127,662 @ 7.0% cap · market cap 5.11%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Ash Trail Lodge Hotel & Motel Northern Limits Guide ... Tour Operator

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Travel Agency Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 55771, MN

1,485

Population

1,904

Households

0.8

Avg Household Size

53

Median Age

21%

College-Educated

92%

High-School Grad

1,115.4 sq mi

ZIP Area

1

Density / Sq Mi

$65,893

Median Household Income

$27,163

Median Earnings

$850

Median Rent

$167,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Resort - Hospitality property with lodging, marina facilities, owner accommodations, staff housing, and a full-service dining venue.

Where is this resort located?

The property is located at 10418 Ash River Trl Orr, MN.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 11 cabins, including 7 designated for year‑round use; 15 docks along more than 1,600 feet of river frontage; Restaurant and bar with seating for 65 guests