$650,000
$1,300,000
50.0%For more information regarding the value of a property, please contact us for a free consultation.
117 Acres Lot
SOLD DATE : 09/05/2024
Key Details
Sold Price $650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6404632
Sold Date 09/05/24
Year Built 1994
Annual Tax Amount $18,363
Tax Year 2023
Contingent None
Lot Size 117.000 Acres
Acres 117.0
Lot Dimensions Irregular
Property Description
The property is set on 117 acres in Harris Township and is a 9-minute drive to historic downtown Grand Rapids. Built in 2004, the primary buildings on the property include a 50,000 sq ft hotel/event space and an 8,000 sq ft restaurant. There are 40 hotel rooms, including 7 suites with kitchens and 8 other suites. It has an indoor pool, sauna, and several spaces for other amenities. The event space is 14,000 sq ft, which includes a 7,000 sq ft grand ballroom. The kitchen in the restaurant and in the event space are largely intact with several appliances that can be salvaged. While these two buildings sit on about 8 acres of the property, there is an additional 50+ acres that could be developed as an R/V Park, camping, housing or even a small executive golf course! 9 acres with private road frontage was previously approved as a housing development. The buildings require renovation. All building measurements are approximate. Flexible closing and owner financing is possible.
Location
State MN
County Itasca
Zoning Business/Commercial
Interior
Heating Other
Fireplace No
Exterior
Garage Parking Lot
Utilities Available Electric Separate
Present Use Vacant
Parking Type Parking Lot
Building
Foundation 35070
Sewer Septic System Compliant - No
Water Drilled, Well
Structure Type Log Siding
Schools
School District Grand Rapids
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