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14694 Vosburgh Rd
Ely, MN 55731

$3,870,000 USD

Lodge Meeting Hall For Sale • 10,000 SF

Property Details

Property Type Lodge Meeting Hall
Total Building Size 10,000 SF
Lot Size 3.45 AC
Year Built 1973
Cap Rate 11.62 %

0 Transit Score

6 Walk Score

Description

Williams and Hall Outfitters is located on the shore of Moose Lake approximately 20 miles north of Ely, Minnesota on the Fernberg Trail. Ely, Minnesota, is a city located in the northeastern part of the state, known for its beautiful natural surroundings and outdoor recreational opportunities, including the nearby Boundary Waters Canoe Area Wilderness (BWCAW) and the Superior National Forest.

The Boundary Waters Canoe Area Wilderness (BWCAW) is a vast wilderness area located in the northern part of the Superior National Forest in northeastern Minnesota, United States. It is renowned for its pristine lakes, rivers, forests, and abundant opportunities for outdoor recreation including camping, fishing, hiking, and portaging with the primary activity in the BWCAW being canoeing and kayaking. There are more than 1,200 miles of canoe routes, with over 1,000 lakes and countless rivers and streams. Paddlers can explore the interconnected waterways, enjoying the serene beauty of the region.

The Property is located within one-half mile of the border of the Boundary Waters Canoe Area Wilderness. A motorized boat can take you non-stop from the dock into the Boundary Waters or to the Prairie Portage entry point into Quetico Provincial Park. Quetico Provincial Park is a wilderness park located in northwestern Ontario, Canada, adjacent to the Boundary Waters Canoe Area Wilderness (BWCAW) in Minnesota, United States. It is renowned for its pristine natural beauty, rugged terrain, and extensive canoe routes.

Proximity to larger cities:
100 miles north of Duluth, MN
245 miles northeast of Minneapolis, MN
275 miles northeast of Fargo, ND
300 miles southwest of Thunder Bay, ON

Airports in close proximity include Range Regional Airport (70 miles), Duluth International Airport (100 miles), and Falls International Airport (135 miles).

                
                    Highlights
                
                                Business/Operations (11.62% Cap Rate) / 5 Bed and 3 Bath Home / ±2.14 AC of Development Land
                            
                                Notable outfitting and lodging business in an adventure seeker's paradise
                            
                                Located in the premier wilderness vacation area on 3.45 acres in Ely, MN on 500 feet of beautiful Moose Lake Shoreline
                            
                                 Lodging accommodations up to 109 individuals
                            
                                Specializes in providing equipment, services, and expertise for those venturing into the Boundary Waters Canoe Area Wilderness (BWCAW)