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    OFF-MARKET
    Land

    820 Oak Rd, Oak Island, MN 56741

    Built 1968
    Property ID
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a well-established, family-owned resort on Minnesota's scenic Lake of the Woods. Priced at $2,389,000, this turn-key operation boasts 30 acres of land and 1400 feet of pristine shoreline on popular Oak Island. Established for over 75 years, this historic resort accommodates over 44 guests and operates 10 months annually. The property includes four condos, four villas, and extensive staff and owner housing. Amenities are extensive and include a restaurant, bar, dock system, post office, fish cleaning house, shop, fish houses, boats, and Bombardier vehicles. This prime location in a renowned fishing and exploration area offers year-round recreational opportunities and breathtaking views. The resort's infrastructure is well-maintained and ready for immediate operation, presenting a lucrative business opportunity and a unique lifestyle change for the right buyer. Built in 1968, this property is situated at 820 Oak, Oak Island, MN 56741. The lot size is not specified. Further details are available upon request.

    Property profile
    Verified
    Property type Land
    Year built 1968
    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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