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    OFF-MARKET
    Commercial real estate

    24519 Fairwood Ln, Nevis, MN 56467

    3.2 ac lot Built 1947
    Property ID
    US46-2172215
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1947
    Lot 3.2 ac (139,392 SF)
    UPID US46-2172215
    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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