| Smitty's on Snowbank Lake |
| Listed By: Phil Hyde & Kate Davies |
| PROPERTY #1501 |
| PRICE: $1,550,000 |
| TERMS: cash or bank financing |
| ADDRESS: 14564 Snowlodge Road, Ely |
| PROPERTY DESCRIPTION: Tremendous business opportunity located in the heart of the BWCA. The last road accessible, year round, full service resort and outfitter located on pristine Snowbank Lake. This unique 13 acre parcel boasts 1,100 feet of shoreline and a current business that includes a 12 unit motel which includes 3 large suites, 8 lakeside cabins, and a northwoods style lodge with a full commercial kitchen. Snowbank Lake is a 4,400 acre crystal clear lake which lies mostly in the BWCA. Snowbank Lake is well known for its excellent fishing that includes lake trout, walleye, northern pike and bass. All personal property needed to operate this business is included. Sellers are willing to discuss owner financing with motivated qualified buyers. |
| BUSINESS INCLUDED: yes | REAL ESTATE INCLUDED: yes |
| BUILT: 1970 | |
| ZONING: Res./SRR | |
| BASEMENT: crawlspace | |
| HEATING: electric, propane, wood | |
| UTILITIES: well, septic tank | |
| CONSTRUCTION: frame/wood | |
| CEILING HEIGHT: 8-10 feet | |
| PARKING: parking areas | |
| LEGAL DESCRIPTION: Lengthy legal...part of Gov't Lot 7, Sec. 34, T64N, R9W | |
| APX LOT SIZE: irregular | |
| APX ACREAGE: 13.38 acres | |
| TAXES: $9,289.26 in 2007 | |
| CLASSIFICATION: homestead/non-homestead | |
| PARCEL CODE: 286-409-34930 | |
| DIRECTIONS: From Ely, follow the Fernberg Road to Snowbank Lake Road. Follow signs to resort. |
| LAKE INFORMATION: | |||
| Lake Name: Snowbank Lake | Acreage: 4,819 | Max. Depth: 150 feet | Water: very clear |
| Fish Types: Bass, Burbot, Lake Trout, Northern Pike, Tullibee, Walleye, White Sucker | |||
While all information and figures are
believed to be reliable,
the providing broker cannot guarantee their accuracy.
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