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Active
Listed
$379,000
/mo   Edit
MLS# 5291127
Commercial
Built 1959
0.214 acres
Ely schools
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    Description:   WOW! Blue-sky awaits you in both the business and the amazing views from the deck, restaurant, cabins and RV / Campgrounds on the shores of gorgeous Shagawa Lake in Ely! This year round business features indoor seating and outdoor deck seating, as well as fireside dining for over 100 people. Rustic seating leads to the ambiance and atmosphere of the true Up North feel. Amazing Opportunity for that go-getter that's looking for resort life in Ely! Full service restaurant with bar service, 4 one (1) bedroom log cabin rentals, 6 RV sites with electric service, 5 tent camping sites tucked in the woods on 3+ acres. 72 feet of dock space with enough room for 15-16 boats, 278 ft of sandy soft beach. Bait and tackle gift shop, office space &/or living quarters, and 20 years of solid 20 years of profitable business, with plenty of room for expansion of services and features. Sky is the limit Cabins included boat rental and wifi/satellite. Website and trademarks included.
    List Price: $379,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1959
    City: Ely
    Zip Code: 55731

    Interior

    Building Fin Sq Ft: 2,003 ft²

    Exterior

    Heating System: Forced Air
    Foundation Size: 2,003 ft²
    Handicap Accessible: Wheelchair Ramp
    Exterior Material: Log Siding
    Garage Spaces: 1
    Other Parking Spaces: 20
    Roof Details: Asphalt Shingles

    Lake/Waterfront

    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: Shagawa Lake
    DNR Lake ID#: 69006900
    WF Frontage: 175
    Lake Acres: 2344.50000
    Lake Depth: 48

    Lot

    Acres: 0.214
    Lot Description: Irregular Lot
    Latitude: 47.90658900
    Longitude: -91.87650700
    Lot Size Dim.: 175x220
    Dev/Complex Name: Auditors Of Chandler Add To El
    Zoning: Business/Commercial

    Schools

    School District: 696 - Ely
    District Phone: 218-365-6166

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $3,055
    Assessment Pending: Yes
    Taxes w/ Assessments: $3,290

    Unit

    Total Rooms in Unit 1: 4
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 6

    Miscellaneous

    Current Use: Restaurant, Tavern/Lounge, Resort, Food Service, Commercial, Recreational, Retail
    Fuel System: Propane
    Miscellaneous: 220 Volt, Out Buildings
    Sale Includes: Business, Land, Fixture/Equipment
    Sewer System: City Sewer/Connected
    Utilities: Heating Separate
    Water System: City Water/Connected

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    Jeff Zajac
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    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Z'Up North Realty, Inc.