**SOLD** Secluded Resort For Sale Itasca County, MN **SOLD**

This 7 cabin resort sits on 17 acres and has 1170 feet of lakeshore on Jessie lake.  *SOLD*

It sits in a bay at the northwest corner of the lake,  is next to state land, and has federal land across the road and across the bay. This resort has room for expansion, as there is already a nice level area cleared out for a future campground or cabin expansion. It has a lodge, with a restaurant area that is not currently being used, an owners home, garage, storage building and fish cleaning house.

This resort has very low rates that could be increased after a few more updates are made. Revenue could also be improved by updating some of the rental boat fleet, and adding a few seasonal campsites. The current owners have made many improvements and have greatly increased occupancy, but have decided it's time to retire.

Reduced to $525,000

 

**SOLD**

RESORT ANALYSIS:

  • Jessie Lake: 1750 acres
  • Shoreline: 1170 feet
  • Lot depth: 375 ft.
  • 17.25 acres
  • 3 - 3 bedroom cabins
  • 3 - 2 bedroom cabins
  • 1 - 2 bedroom with loft cabin
  • 7 roll in docks
  • 1 pontoon w/25hp motor
  • 5 - 14 ft boats
  • 1 - 16 ft boat
  • 1 - 15 hp motor
  • 1 - 9.9 hp motor
  • 3 - 8hp motors
  • 1 - 5.5 hp motor
  • 2 wells on property
  • 2 sewers systems
  • Real estate taxes: $2918 per year