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    14694 Vosburgh Rd Ely, MN 55731

    For Sale
    $3,870,000

    Prime BWCA Outfitter, High Returns

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Exceptional investment opportunity: Williams and Hall Outfitters, a renowned outfitting and lodging business in Ely, Minnesota, is offered at $3,870,000 with an impressive 11.62% cap rate. This turnkey operation sits on 3.45 acres of land boasting 500 feet of pristine Moose Lake shoreline. The property includes seven buildings, accommodating up to 109 guests, and a five-bedroom, three-bathroom home. The business specializes in providing equipment, services, and expertise for adventurers exploring the Boundary Waters Canoe Area Wilderness (BWCAW) and Quetico Provincial Park. Established for approximately 60 years, the seasonal resort operates from mid-May to early October, offering a lodge, full-service dining room, and retail store stocked with canoes and camping gear. The property's seven buildings are situated on parcels with APNs: 28-6409-32305, 28-6409-32295, 28-6409-32280, 28-6409-32290, 28-6409-32300, 28-6409-32275, and 28-6453-32250. This high-yield investment presents a unique chance to own a legacy business in a premier wilderness vacation destination. The property's location at 14694 Vosburgh Rd, Ely, MN 55731, offers unparalleled access to outdoor recreation. The business has 19 keys. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential.

    Property Features for 14694 Vosburgh Rd

    General Information

    Property type
    Hotels
    Lot Size
    150,282 SF

    Building Details

    Buildings
    7

    HighLights

    • High‑yield investment opportunity with an 11.62% cap rate.
    • Turnkey outfitting and lodging business in Ely, MN, a premier outdoor recreation destination.
    • 3.45‑acre property with 500 feet of Moose Lake shoreline, accommodating up to 109 guests.
    • Serves BWCAW and Quetico Provincial Park adventurers, providing equipment rentals and guided services.
    • Includes a five‑bedroom, three‑bathroom owner's home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Williams and Hall Outfitters Boat Rental Service

    Suggested Use

    Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ely
    County
    Lake
    State
    Minnesota
    Longitude
    -91.5130028
    Latitude
    47.981824

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    FAQs

    What type of property is this?
    Hotel - Prime BWCA Outfitter, High Returns
    Where is this hotel located?
    The property is located at 14694 Vosburgh Rd Ely, MN.
    What is the asking price?
    The asking price for this property is $3,870,000.
    What are key features of this property?
    This property features: High-yield investment opportunity with an 11.62% cap rate.; Turnkey outfitting and lodging business in Ely, MN, a premier outdoor recreation destination.; 3.45-acre property with 500 feet of Moose Lake shoreline, accommodating up to 109 guests.
    (952) 820-1615
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    14694 Vosburgh Rd Ely, MN 55731
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14694 Vosburgh Rd Ely, MN 55731
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