$2,389,000
820 Oak
Oak Island, MN 56741
MLS# 6612461



820 Oak, Oak Island, MN 56741
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Property Description
Northwest Angle - Lake of the Woods Turn-Key family-owned resort, operating 10 months a year, nestled in a protected bay on the popular Oak Island, Lake of the Woods. Spanning 30 acres with 1400 feet of pristine shoreline, this historic resort has been a beloved destination for over 75 years. This opportunity is ideal for a family seeking a lifestyle change and a lucrative business opportunity. The resort accommodates over 44+ guests. Guest lodging accommodations include 4 condos, 4 villas, staff, and owner housing. Additionally, there are facilities for staff housing, a restaurant, a bar, a dock system, a post office, a fish cleaning house, a shop, fish houses, boats, bombardiers, and more. This resort is located in a renowned fishing and exploration area, guests can enjoy year-round activities amidst breathtaking views. For further details, please contact us for a complete information packet. The agent is an owner.

Details
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $2,389,000
Contingency: None
ListPrice: 2389000
List Date: 2024-10-03
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 20
Owner Occupied: No
Road Btwn WF & Home?: No
Waterfront Frontage: 1400
Waterfront Present: Yes
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 16561
Garage Stalls: 1
Lake/Waterfront Name: Lake of the Woods
Power Company: Roseau Electric Cooperative
For Sale or Lease: For Sale
Lot Dimensions: 219 X 2019 X 589 X 247 X 726 X 1556
Location Tax and Other Information
House Number: 820
Street Name: Oak
Postal City: Oak Island
County: Lake of the Woods
State: MN
Zip Code: 56741
Complex/Dev/Subdivision: Oak Island
Additional Parcels Information
Property ID #2: 065100010
Property ID #3: 060141010
Assessments
Tax With Assessments: 14000
Basement
Foundation Dimensions: Numerous
Building Information
Building Finished SqFt: 15561
Building SqFt: 16561
Lake Details
Lake Acres: 725582
Lake Depth: 210
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 576
Public Survey Info
Range#: 33
Section#: 1
Township#: 167
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land
Unit Details
Total Units: 14
Property Features
Accessible: Other
Air Conditioning: Ductless Mini-Split
CMU Style: Resort
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Ice Machine; Other; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer
Construction Materials: Log
Construction Status: Previously Owned
Current Use: Resort
Exterior: Log; Log Siding; Wood
Fuel: Electric; Propane; Other
Heating: Baseboard; Dual Fuel/Off Peak; Ductless Mini-Split; Fireplace; Forced Air
Lake Details: Gravel; Hard; Rocky; Sand; Soft; Weeds
Lot Description: Irregular Lot; Island/Peninsula; Tree Coverage - Medium
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Other
Rental License Type: Other
Road Frontage: Other
Roof: Asphalt Shingles
Sewer: Private Sewer; Septic System Compliant - Yes
Water: Drilled
Waterfront View: Bay; Lake; Panoramic

Listing Office: Reed Realty

Last Updated: November - 22 - 2024

820 Oak, Oak Island, MN 56741 - MLS# 6612461

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.