4296 Arrowhead Point Rd
Tower, MN 55790
MLS #6029509

Commercial
    $1,495,000
    Est. P&I payment: $5709.89/mo
    4296 Arrowhead Point Rd, Tower, MN 55790
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    Description for 4296 Arrowhead Point Rd, Tower, MN 55790
    Growing marina and cabin rental business centrally located on Lake Vermilion. The business was established in the early 1930's and has experienced a resurgence since the current owners took over in 2014. The new ownership group has upgraded much of the infrastructure and has seen steady revenue growth as a result. The property includes 8 acres, approx 1100 ft of lakeshore, docks with 60+ slips, general store, bottle shop, bait, fuel, boat/engine repair, and year-round boat storage. Also included are 5 rental cabins (4 are 4-season), all of which have been refurbished since 2014. Two pole buildings offer over 12,000 SQFT of space for long & short term boat storage. The nearly 2000 SQFT historic building offers possibilities for restaurant development for sale or lease. Check the document section at the top of the page for additional information.
    MLS #6029509
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    My Notes for MLS #6029509

    General Features

    • Approx Number of Acres: 8
    • Number of Units: 1
    • Waterfront: Yes
    • Unit Sq Ft 1: 3,000
    • Unit Sq Ft 2: 950
    • Unit Sq Ft 3: 1,020
    • Unit Sq Ft 4: 1,800
    • Approx Lot Dimension: Irregular
    • Unit Sq Ft 5: 750
    • Unit Sq Ft 6: 1,200
    • Unit Sq Ft 7: 1,200
    • Unit Sq Ft 8: 1,840
    • Waterfrontage - ft: 1,100

    Exterior Features

    • Exterior: Metal,​Vinyl,​Wood
    • Roof: Asphalt Shingles,​Metal

    Interior Features

    • Fireplace 1: Yes
    • Total Bedrooms 1: 3
    • Total Baths 1: 3
    • Total Baths 2: 1
    • Total Baths 3: 1
    • Total Baths 4: 2
    • Total Bedrooms 2: 2
    • Total Bedrooms 3: 2
    • Total Bedrooms 4: 3
    • Fireplace 2: No
    • Fireplace 4: Yes

    Utilities Features

    • Fuel: Electric,​Propane
    • Heat: Baseboard,​Forced Air
    • Sewer: Private
    • Water: Private
    • Air conditioning: Central,​Window

    Community Features

    • Lake Chain: No

    School Features

    • School District: St. Louis County #2142

    Misc Features

    • Rd Between Water and Home: No
    • Property Adjoins Public Land: No
    • Construction Type: Frame/Wood,​Steel
    • Sale Includes: Business,​Business Assets,​Building,​Land,​Leases
    • Amenities: Boat Docks
    • Road frontage: County Highway,​Paved

    Location

     
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    Directions to 4296 Arrowhead Point Rd, Tower, MN 55790
    From Virginia, north on Hwy 53 to Hwy 169 to County 77 to Old County 77 to Arrowhead Road to property on the right.
    The listing information for 4296 Arrowhead Point Rd, Tower, MN 55790 was graciously provided by our friends at the listing brokerage, Coldwell Banker Properties North

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    P&I Payment $5709.89
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    Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on My Place Realty, Inc.'s websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. My Place Realty, Inc., Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
    Last Updated 12/12/2017 at 7:20am
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