14694 Vosburgh Rd Ely, MN 55731
- Hospitality properties
- 3.45 lot acres
Current Use by Public Records
- Williams and Hall Outfitters / Boat Rental Service / Fishing Store
Property Details for 14694 Vosburgh Rd
- Lot size
- 3.45 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ely
- County
- Lake
- State
- Minnesota
- Longitude
- -91.513
- Latitude
- 47.9818
