Lake Home/Resort Development on Lake Vermilion

Listing was updated at: 05/26/2020
Property Overview
Price/Rent PSF $ 1,795,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 10,000
Date Available 05/26/2020
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The Property is located on Pike Bay on Lake Vermillion in the heart of Minnesota's Arrowhead Region; a mere 25 miles north of Virginia, MN, 95 miles north of Duluth, and just 200 miles north of the Twin Cities Metropolitan Area. Pike Bay is the southernmost bay of Lake Vermilion, and thus is the closest area of the lake to the Twin Cities.

Lake Vermilion is Minnesota's fifth largest lake with over 40,000 acres of water, 365 islands, and over 1,200 miles of pristine shoreline. It was voted by National Geographic as one of the most scenic lakes in the United States, and it is located between the Superior National Forest and Voyageurs National Park, and is the gateway to the Boundary Waters Canoe Area.

The Twin Cities of Minneapolis-Saint Paul make up the 16th largest MSA in the United States with a population of approximately 3,600,000 inhabitants.

SVN | Northco is pleased to present for sale the Waters of Vermilion Lake Home and Resort Development ("Property"). The Property consists of 41 development lots and community common elements on popular Lake Vermilion in northeastern Minnesota. This sustainable/green lake home community provides maintenance free living, allowing you to enjoy your time in the Minnesota Northwoods without the maintenance concerns associated with ownership.