Property profile

0 Vermilion Dr Cook, MN 55723

OFF-MARKET
Land
2,400 SF 85 ac lot Built 1960
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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

Location

Vermilion Dr Cook, MN 55723
Cook metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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