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    OFF-MARKET
    Land

    0 Vermilion Dr, Cook, MN 55723

    2,400 SF 85 ac lot Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional 88-acre resort on Lake Vermilion offers five furnished cabins sleeping 26 guests, plus nine additional buildings including a main lodge and private retreat. Boasting approximately 13,000 feet of pristine shoreline, the property includes a sauna, nature trails, and a two-mile driveway ideal for biking or jogging. With significant development potential, this property is situated in an Opportunity Zone and presents a rare opportunity for expansion. Located just four hours from the Twin Cities and two hours from Duluth, Minnesota, this property sits on one of the Midwest's most popular recreational lakes, renowned for its world-class fishing and breathtaking scenery. The 2,400 square foot main area, built in 1960, is complemented by the expansive acreage, offering a unique blend of established amenities and vast undeveloped land. The property's location on Black Bay provides exceptional privacy and access to the lake's many recreational opportunities. This versatile property is suitable for continued operation as a resort, or for conversion into a private estate, family compound, hunting and fishing lodge, or corporate retreat. The property's zoning allows for a variety of commercial uses, making it a truly unique investment opportunity in a highly desirable location. The property's address is on Vermilion Dr, Cook, MN 55723.

    Property profile
    Verified
    Property type Land
    Year built 1960
    Total area 2,400 SF
    Lot 85 ac (3,702,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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