32360 215th Lane Isle, MN ^$ 3,500,000

32360 215th Lane

^$ 3,500,000

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32360 215th Lane

Isle, MN, 56342

^$ 3,500,000

Studio Baths0.0 Sq 4,300

Monthly Estimate*

^$ 24,449

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Studio

Commercial Property for sale in Isle, MN

for $3,500,000. This 4,300 square foot building was built in 1960 on a lot size of 20.

Turn-key successful resort on Mille Lacs Lake. 20 acre property with 300 feet of lakeshore and a private harbor. 82 seasonal RV/mobile home sites (70 with full hookup to sewer/water and electric, and 12 with electric only). New septic system being installed spring of 2024. Full restaurant/bar onsite with a new septic in 2020. Ice fishing business with 7 resort-owned fish houses, 4 plow trucks, and 3 ice bridges. Same owner for over 20 years, ready to hand the reins over to the next generation. Strong cashflow and financials available upon request to qualified buyers. Seller financing available.

Commercial Active

Price

^$ 3,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 13,014

Style

Resort

Lot Size

Year Built

1960

Town/City

Isle

County/Region

Mille Lacs

MLS | Web ID

6472744

Features

General

Sewer Private Sewer

Heating Forced Air

Utilities Electric Separate

Garage Spaces 4

Construction Materials Wood Siding

Year Built 1960

View Lake

Property SubType Resort

Tax Year 2023

Current Use Restaurant Resort

Waterfront Features Lake Front

Accessibility None

Additional Parcels Description 161061301

County Aitkin

Property Type Commercial Sale

Contingency None

Directions From Isle go 14 miles north on Hwy 47. Turn left on 216th Ln to the property. Only 1/4 mile south of Malmo.

City Lakeside Twp

Buyer Agent Compensation 2.00

Body of Water Mille Lacs

High School District Aitkin

Zoning Description Business/Commercial Shoreline

Total Units 82

Waterfront Y/N Y

Street Name 215th

Land Lease Y/N N

Tax Annual Amount 13014

Additional Parcels Y/N Y

Virtual Tour https://listings.nextdoorphotos.com/3236215thlane/?mls

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Parking Lot

Water Source Well

Inclusions Building Business Assets Business Fixture/Equipment Inventory Land

Lot Size Area 20

Building Area Total 4300

Lot Dimensions 300 x 250 x 175 x 576 x 1310 x 300 x 578 x 263 x 186 x 186

Lot Size Units Acres

Foundation Area 1250

Interior

Basement (Y/N) N

Street Suffix Lane

Foundation Dimensions 50 x 25

Fuel Propane

Garage Dimensions 36 x 60

Garage Door Width 10

Garage Square Feet 2160

Lake Acres 128250

Waterfront Feet 300

Internal Only

Street Number 1 32360

* Excluded Features

List By

Wits Realty

Broker

andy.weitnauer@witsrealty.com

Affordability Calculator

$25,533

Per Month

Monthly Principal & Interest: $24,449
Monthly Property Taxes: $1,085
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Isle, MN

Average List Price ^$1,966,633

Percent of Sale Price 44%

About Isle, MN

808 Population

9% Since 2002

^$36,600 Median Income

44.47 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708579 Elementary School

708275 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/3/2024	$3,500,000		Listed Price

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32360 215th Lane, Isle, MN, 56342 is a Commercial Property for sale at $3,500,000 with 4,300 sqft and a lot size of 20. 32360 215th Lane is a studio with 0.0 baths and was built in 1960. The property's zip code is 56342 which is in Isle, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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32360 215th Lane

Commercial Property for sale in Isle, MN

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