24519 Fairwood Ln, Nevis, MN 56467
This exceptional turnkey resort opportunity is situated on the shores of beautiful Lake Belle Taine in Nevis, Minnesota. Boasting 480 feet of desirable shoreline, the property encompasses 3.2 acres and includes a sandy swimming beach, a volleyball court, a communal fire pit area with stunning lake views, and a children's playground. Boat rentals are currently offered, adding to the revenue streams. The resort's convenient location is just off the Heartland Trail, providing easy access to outdoor recreation. Downtown Nevis, with its dining and nightlife options, is a short walk or drive away, and the Paul Bunyan State Forest and Dorset, Minnesota, are just a short distance further. The property features eight cabins, each recently updated with new mini-split heat pumps and new water lines, enabling year-round operation. A substantial basement foundation overlooking the lake presents significant potential for future expansion or development. This established and profitable resort is ready for a new owner to continue its success. The property's combination of prime location, attractive amenities, and existing infrastructure makes it an exceptional investment opportunity in the thriving tourism market of northern Minnesota. The existing infrastructure and recent upgrades minimize immediate capital expenditures, allowing for a smooth transition and immediate return on investment.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.