$1,300,000
Baudette, MN 56623
MLS# 6336813
Status: Closed
1 / 48
Property Description
Lake of the Woods resort for sale! Family-run Ships Wheel Resort is for sale after a very successful 28-year run with the current owners. Turn-key operation that is year around. Includes dock rentals, fish houses, main lodge with owner's quarters (3 bed/2 bath) and 4 riverside cabins (each 2 bedrooms) complete with a modern, spacious duplex that has multiple beds on each side. Property also features a shop with attached living quarters and 11 mobile home sites that are rented on an annual basis with 9 spots rented. Early and late ice equipment setups as well as two launches and an 18 ft aluminum boat for rentals. Established, repeat customer base in place. Business could easily be expanded in several ways to include food, liquor, or physical premises. Sellers have done everything without hiring any help other than a part time launch driver. Adjacent to public boat ramp. Desirable opportunity to be in control of your own destiny.
Details
Maps
Documents
None
Allow Auto Valuation: No
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Status: Closed
Off Market Date: 2023-04-19
Current Price: $1,300,000
Closed Date: 2023-07-27
Sales Close Price: 1300000
Original List Price: 1500000
Contingency: None
ListPrice: 1500000
List Date: 2023-02-27
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 6
Owner Occupied: Yes
Waterfront Frontage: 350
Waterfront Present: Yes
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1216
Garage Stalls: 5
Lake/Waterfront Name: Rainy River
Power Company: North Star Electric Coop
For Sale or Lease: For Sale
Acres: 4.62
Lot Dimensions: 350x420x350x530 & 150x270x150x270
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: See complete legals on file for these two parcel id's.
Map Page: 999
Municipality: Wabanica Twp
Rental License?: No
School District Phone: 218-634-2735
Map Coordinate Source: King's Street Atlas
House Number: 2683
Street Name: 22nd
Street Suffix: Street
Street Direction Suffix: NW
Lake Chain: N
Postal City: Baudette
County: Lake of the Woods
State: MN
Zip Code: 56623
Zip Plus 4: 8915
DNR Lake ID#: S9990460
Property ID Number: 230141000
DNR Lake Classification: Not Applicable
Tax Year: 2022
Tax Amount: 3986
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Lake of the Woods resort for sale! Family-run Ships Wheel Resort is for sale after a very successful 28-year run with the current owners. Turn-key operation that is year around. Includes dock rentals, fish houses, main lodge with owner's quarters (3 bed/2 bath) and 4 riverside cabins (each 2 bedrooms) complete with a modern, spacious duplex that has multiple beds on each side. Property also features a shop with attached living quarters and 11 mobile home sites that are rented on an annual basis with 9 spots rented. Early and late ice equipment setups as well as two launches and an 18 ft aluminum boat for rentals. Established, repeat customer base in place. Business could easily be expanded in several ways to include food, liquor, or physical premises. Sellers have done everything without hiring any help other than a part time launch driver. Adjacent to public boat ramp. Desirable opportunity to be in control of your own destiny.
Directions: Take highway 172N until county road #29. Take a right and go to the end of the road; properties are on your right.
Additional Parcels Information
Property ID #2: 235603010
Assessments
Tax With Assessments: 3986
Basement
Foundation Dimensions: Varies
Building Information
Building Finished SqFt: 4340
Building SqFt: 4340
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 15-26
Lake Details
Lake Name: Rainy River
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27077
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 32x52
Garage Door Height: 8
Garage Door Width: 9
Garage Square Feet: 1664
Public Survey Info
Range#: 32
Section#: 1
Township#: 161
Sale Options
Sale Includes: Building,Business Assets,Business,Fixture/Equipment,Land
Unit 2
No. of 2 Bedroom Units: 5
Unit 3
No. of 3 Bedroom Units: 3
Unit Details
Total Units: 7
Property Features
Accessible: None
Appliances: Fuel Tank - Rented; Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Partial
CMU Style: Resort
Construction Status: Previously Owned
Current Use: Resort
Elevation Highpoint to Waterfront Slope: Gradual
Exterior: Metal; Wood
Fuel: Propane
Heating: Fireplace; Forced Air; Hot Water
Lake Details: Reeds; Soft; Weeds
Lake/Waterfront: River Front
Loan Terms: Cash; Conventional
Lot Description: Irregular Lot
No. of Ranges: Two
No. of Refrigerators: Six or More
On Site Utilities: Electric Separate
Parking Characteristics: Attached Garage; Detached Garage; Driveway - Gravel; Floor Drain; Heated Garage; Unassigned
Pool Description: None
Potential Use: Diversified
Road Frontage: County Road
Sewer: Mound Septic; Private Sewer; Tank with Drainage Field
Stories: Two
Water: Private; Well
Waterfront View: River
TakeTwoShipsDisclosuresx1.pdf 
Listing Office: Tru North Realty Baudette
Last Updated: April - 08 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.