7827 Us-169, Garrison, MN 56450
This exceptional 1.97-acre lakeshore property in Garrison, Minnesota, presents a unique investment opportunity. The iconic Twin Pines Resort boasts a 6,936 square foot main building housing a full-service restaurant and bar, a commercial kitchen, six hotel rooms, and a full basement with office space, storage, and laundry facilities. Six additional cabins provide further lodging options. The property includes four launch boats, a 400-foot dock, and related equipment. A significant asset is the 35 fish house rentals, along with various ice road trucks and plows. The resort also benefits from 200 feet of sandy lakeshore. Built in phases (1956 and 1990), with renovations completed in 2018, the property comprises four buildings across two stories and features thirteen keys and eighteen beds. The resort currently operates with a seasonal schedule, offering substantial potential for increased revenue. The property is zoned Commercial. Shoreland and includes an existing owner's home, available for separate purchase or lease. Adjacent properties are also available for purchase by the resort buyer. The asking price of $1,490,000 includes all listed assets. Motivated sellers are willing to provide buyer support during the first year of operation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.