New listing, Great opportunity for a well qualified buyer at about 50% of what is invested in this resort. In my 39 years of brokering resorts, I have never seen nor heard of this quality in this kind of environment for this kind of money anywhere.

Some qualified buyer will get a fabulous deal. The offering is priced at the loan balance $1,400,000 (invested is $2,000,000), a strong buyer with their own financing is eligible for a short sale and substantial discount. This resort is on a 19.5 acre parcel platted into 36 existing cabin lots or lots to be built on, currently, with 10 quality cabins. The location is in the hub of Minnesota's most popular vacation-land. This property was originally bought for subdivision at the peak of the market.

Short term upside: Reinvigorating the business operation which has the best short term potential which could mean tripled revenue in this environment.

Long term potential: Subdivision or the building of 24 more units. This region of the state has cabin revenue potential of $19,000 - $25,000 per unit, which once accomplished , warrants self supporting new cabins.

Buyer qualification is the first order of business to qualify for more information on this listing. Contact Tom at 612-805-9646