Minnesota Resorts For Sale

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20621 Hidden Paradise Road, Brainerd

$6,990,000 North Long Lake

20621 Hidden Paradise Road, Brainerd

52 Acres 2,091 SqFt Commercial MLS® # 6569051

Excellent opportunity to own and develop a well established resort property on North Long Lake in Brainerd, MN. Located in Minnesota's vacation playground on one of the premier lakes, this ...

Keller Williams Realty ProfessionalsRegional Multiple Listing Service of Minnesota Logo

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14694 Vosburgh Road, Fall Lake Twp

$4,020,000 Moose Lake

14694 Vosburgh Road, Fall Lake Twp

3 Acres 10,000 SqFt Commercial MLS® # 6482990

Williams and Hall Outfitters is a premier Boundary Waters Canoe Area Wilderness Outfitter in Ely, Minnesota located on 500 feet of Moose Lake shoreline. The Property is a well-known outfitti...

Northco Real Estate ServicesRegional Multiple Listing Service of Minnesota Logo

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15088 16th Avenue Ne, Bena

$3,800,000 Lake Winnibigoshish

15088 16th Avenue Ne, Bena

16 Acres 10,679 SqFt Commercial MLS® # 6465751

Rare opportunity to own one of Northern Minnesota's best known fishing resorts on Lake Winnibigoshish! Established in 1932, Dennys Resort is one of the oldest fishing resorts on Lake Winnie ...

Dane Arthur Real Estate Agency - Greater MinnesotaRegional Multiple Listing Service of Minnesota Logo

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2170 County Road 139, International Falls

$3,650,000 Rainy Lake

↓ $750,000

2170 County Road 139, International Falls

69 Acres 10,318 SqFt Commercial MLS® # 6470058

Wikipedia reports that the shared Minnesota/Ontario border water of Rainy Lake (Ojibwe: gojiji-zaaga'igan) has a vast surface area of 360 square miles, 2,568 islands,1570 miles of extremely ...

Move it Real Estate Group/LakeRegional Multiple Listing Service of Minnesota Logo

Active
820 Oak, Angle Twp

$3,425,000 Lake of the Woods

820 Oak, Angle Twp

11 Acres 16,561 SqFt Commercial MLS® # 6563338

Turn-Key family-owned resort, operating 10 months a year, nestled in a protected bay on the popular Oak Island, Lake of the Woods. Spanning 11 acres with 586 feet of pristine shoreline, this...

Reed RealtyRegional Multiple Listing Service of Minnesota Logo

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39578 County Highway 41, Star Lake Twp

$3,400,000 Star Lake

39578 County Highway 41, Star Lake Twp

4 Acres 1,500 SqFt Commercial MLS® # 6494015

Prime Star Lake property for sale. Current home of Bell's Resort Bar & Grill. Thriving Bar Restaurant with 11 rental units and 4 RV sites (electric hook ups) Ideal set up for owner to live o...

Epic Realty Lake Country, Inc.Regional Multiple Listing Service of Minnesota Logo

Active
9976-9990 Gappa Road, Kabetogama Twp

$3,000,000 Lake Kabetogama

9976-9990 Gappa Road, Kabetogama Twp

21 Acres 20,000 SqFt Commercial MLS® # 6538852

(10.21% Cap Rate) This remarkable property has over 20 acres of land and boasts over 1,000 feet of shoreline nestled along Lake Kabetogama. The property boasts 20 fully furnished cabins, 34 ...

Coldwell Banker RealtyRegional Multiple Listing Service of Minnesota Logo

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3014 S Boy Lake Drive Ne, Remer

$2,856,000 Boy Lake

3014 S Boy Lake Drive Ne, Remer

19 Acres 11,686 SqFt Commercial MLS® # 6314437

If you are in search of a Leech Lake Area Resort & RV Park for sale, take a look at this turn key property. It is located on a beautiful, quiet lake that has cabin rentals, camping, a spacio...

Lake Country Resort Sales, Inc.Regional Multiple Listing Service of Minnesota Logo

ACTIVE
9830 Fredrickson Road, Isabella

$2,850,000 McDougall Lake

9830 Fredrickson Road, Isabella

1 Bed 6 Baths 150 Acres 40,000 SqFt Commercial MLS® # 6113737

What an opportunity to own a piece of history on McDougal Lake. This expansive property was a turn of the century logging camp until the 1930’s when it was converted into a CCC Camp with man...

Chris Eilrich Wildwoods Land CompanyRegional Multiple Listing Service of Minnesota Logo

Active
223 Circle Loop Lane Se, Cass Lake

$2,750,000 Lake Andrusia

↓ $249,000

223 Circle Loop Lane Se, Cass Lake

22 Acres 1,960 SqFt Commercial MLS® # 6271469

One of Northern Minnesota's finest resorts is now available. Morning Star Resort on Andrusia Lake provides access to the Cass Lake chain of eight lakes. 21 acres combining beautiful woods an...

Real Estate ResultsRegional Multiple Listing Service of Minnesota Logo

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30711 Zims Lane, Grand Rapids

$2,599,999 Wabana Lake

30711 Zims Lane, Grand Rapids

26 Acres 7,222 SqFt Commercial MLS® # 6536005

Welcome Birch Bay Resort! This one of a kind property located on Wabana Lake has more than you can imagine. 26 acres, 750 feet of lakeshore, private boat ramp, boat washing station, fish hou...

CompassRegional Multiple Listing Service of Minnesota Logo

Active
9422 Hearthside Drive, Tower

$2,495,000 Lake Vermilion

9422 Hearthside Drive, Tower

30 Acres 10,000 SqFt Commercial MLS® # 6447071

This unique destination resort, Pike Bay Lodge, is open year-round, has 30 gorgeous acres with 500+ feet of shoreline, and offers a wide variety of lodging accommodations for guests to choos...

Northco Real Estate ServicesRegional Multiple Listing Service of Minnesota Logo

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3147 Ken Mar Kee Drive Nw, Baudette

$2,290,000 Bostic Creek

↓ $200,000

3147 Ken Mar Kee Drive Nw, Baudette

20 Acres 3,200 SqFt Commercial MLS® # 6458179

Lake of the Woods Resort Opportunity! Tired of the rat race and want to make a change? Fully equipped year round resort for sale, has been in the family for over 40 years. Many improvements ...

Pahlen Realty, Inc.Regional Multiple Listing Service of Minnesota Logo

Active
7827 Us Highway 169, Garrison

$1,890,000 Lake Mille Lacs

7827 Us Highway 169, Garrison

3 Acres 6,252 SqFt Commercial MLS® # 6545318

Motivated sellers, ready to retire! Unique opportunity to be the next owners of the Iconic Twin Pines Resort! Current owners have built a profitable business with multiple streams of income,...

Century 21 AtwoodRegional Multiple Listing Service of Minnesota Logo

Active
2600 Wakely Road, Beatty Twp

$1,700,000 Lake Vermilion

2600 Wakely Road, Beatty Twp

984 SqFt Commercial MLS® # 6534752

LAKE VERMILION Make your dreams become a reality when you purchase Voyageur Cove Resort -- your gateway to a life of adventure. Located in Wakeumup Narrows on the West side of Vermilion this...

Northwoods Land Office, IncRegional Multiple Listing Service of Minnesota Logo

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New
2600 Wakely Road, Cook

$1,700,000 Lake Vermilion

2600 Wakely Road, Cook

1,656 SqFt Commercial MLS® # 146665

LAKE VERMILION Make your dreams become a realty when you purchase Voyageur Cove Resort -- your gateway to a life of adventure. Located in Wakeumup Narrows on the West side of Vermilion this...

Northwoods Land OfficeRegional Multiple Listing Service of Minnesota Logo

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42206 438th Lane, Aitkin

$1,600,000 Blind Lake

42206 438th Lane, Aitkin

62 Acres 1,936 SqFt Commercial MLS® # 6543782

This well-cared for Lake Property has 1400ft of South Facing Shoreline and has 62 acres of land. This remarkable piece of land has been a RV Resort for 20 years. Currently there is 31 site...

eXp RealtyRegional Multiple Listing Service of Minnesota Logo

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25546 Harbor Trail, Lake Emma Twp

$1,500,000 Lower Bottle Lake

25546 Harbor Trail, Lake Emma Twp

26 Acres 1,040 SqFt Commercial MLS® # 6530317

Birch Harbor Resort is an idyllic family fishing resort on beautiful Lower Bottle Lake. Located in the heart of lake country and near the bustling tourism towns of Park Rapids, Nevis, Walker...

Lake Country Resort Sales, Inc.Regional Multiple Listing Service of Minnesota Logo

Active
New
11070 County Road 25, Mizpah

$985,000 Clear Lake

11070 County Road 25, Mizpah

54 Acres 2,428 SqFt Commercial MLS® # 6573239

This is your chance at moving "Up North" and living the best life. This is a turn key operation. Walk in and go too work. Clear Lake Resort has been in operation longer then I can remember. ...

MN DIRECT PROPERTIESRegional Multiple Listing Service of Minnesota Logo

ACTIVE
60 W Lakeview Place, Ely

$595,000 Shagawa Lake

60 W Lakeview Place, Ely

2 Beds 2 Baths 2 Acres 2,003 SqFt Commercial MLS® # 6114901

Well known restaurant and fishing resort on Shagawa Lake in Ely, Mn! Located on aprox 1.7 acres with 258 feet of level sandy shoreline on this fantastic fishing lake! This well established y...

Jeff HwayRegional Multiple Listing Service of Minnesota Logo

Active
8335 Us Highway 169, Garrison

$497,000 Lake Mille Lacs

↓ $3,000

8335 Us Highway 169, Garrison

22 Acres 1 SqFt Commercial MLS® # 6414797

Property has been vacant since 2007. Consisted of a 2 BR home, cafe/game room and 7 rental cabins. 22 plus acres of land. 700 plus feet of Seller owned lakeshore. Resort also had fishing boa...

Edina Realty, Inc.Regional Multiple Listing Service of Minnesota Logo


As of July 24, 2024 there are 21 active Minnesota Resorts lake property listings for sale with an average listing price of $2,599,667. The highest-priced waterfront listing is $6,990,000, while the lowest priced waterfront listing can be purchased for $497,000. Minnesota Resorts lakeshore listings have an average price of $24,436 per square foot, based on listings with an average of 1.5 bedrooms, 4.0 bathrooms, and 7,691 square feet of living space.


Minnesota Resorts For Sale

Minnesota Resorts For Sale By Owner

The Ultimate Adventure: Buying a Minnesota Resort FSBO

Are you dreaming of escaping the hustle and bustle of city life and embarking on a new adventure? Imagine owning your own piece of paradise nestled in the scenic beauty of Minnesota. Buying a resort that is for sale by owner offers a unique opportunity to fulfill your entrepreneurial aspirations while immersing yourself in the stunning natural landscapes and lucrative tourism industry of the Land of 10,000 Lakes. In this article, we will explore the allure of purchasing a Minnesota resort directly from the owner and provide insights into the process to help you make an informed decision.

Minnesota is renowned for its breathtaking landscapes, abundant waterways, and an array of outdoor recreational activities. It is a sought-after destination for tourists from across the globe. The state's enchanting forests, pristine lakes, and charming small towns create the perfect backdrop for an unforgettable vacation experience. Owning a resort in Minnesota not only offers a chance to embrace the beauty of nature but also provides a lucrative business opportunity within the thriving tourism industry.

The Advantages of Buying a Resort from a Private Owner

Purchasing a Minnesota resort directly from the owner can be a rewarding experience for several reasons...

Direct Communication: Dealing directly with the owner eliminates the middleman, ensuring clearer communication and a more personal experience throughout the purchasing process.

Negotiation Flexibility: When buying from an owner, there is often room for negotiation regarding the terms of the sale, financing options, and potential seller financing, which can make the transaction more favorable for both parties.

Established Operations: Resorts that have been owned by individuals often have a unique charm and character, offering a more intimate experience for guests. They may also have established operations, a loyal customer base, and a proven track record of profitability, providing a solid foundation for your new venture.

Local Insight: The current owner's knowledge and understanding of the local market and community can be invaluable in helping you navigate the intricacies of running a successful resort business in Minnesota.

Key Considerations When Buying a Minnesota Resort FSBO

While the prospect of owning a resort may seem enticing, it is crucial to undertake thorough due diligence before making such a significant investment. Consider the following aspects:

Financial Assessment: Evaluate the resort's financial statements, revenue streams, and expenses to determine its profitability and sustainability. Consider factors such as seasonality, market trends, and potential growth opportunities.

Property Condition: Conduct a comprehensive inspection of the resort's physical infrastructure, including accommodation units, amenities, and any other facilities. Assess maintenance requirements, potential renovation costs, and compliance with local regulations.

Licenses and Permits: Ensure that the resort holds all necessary licenses, permits, and certifications required to operate legally, such as hospitality licenses, health and safety certificates, and liquor licenses.

Market Analysis: Analyze the local tourism market, competition, and trends to understand the demand and potential for growth. Consider the resort's marketing strategies, online presence, and reputation among guests.

Staffing and Management: Assess the current staffing structure and evaluate the need for additional personnel. Understand the management practices and the possibility of retaining existing employees for a smooth transition.

Final Thoughts...

Purchasing a Minnesota resort for sale by owner presents an extraordinary opportunity to fulfill your entrepreneurial dreams and immerse yourself in the natural beauty and thriving tourism industry of the state. By dealing directly with the owner, you can forge a more personal connection, negotiate favorable terms, and benefit from their local insights. However, it is essential to conduct comprehensive due diligence, assessing financials, property condition, licenses, market dynamics, and management structures before finalizing the purchase. With careful planning and a passion for hospitality, buying a Minnesota resort could be the gateway to a fulfilling and profitable venture in the heart of nature's playground.

Abandoned Resort for Sale in Minnesota

Minnesota, known as the "Land of 10,000 Lakes," is a state filled with natural beauty and serene landscapes. Nestled within this picturesque setting, lies a hidden gem that has captured the imagination of adventure seekers and entrepreneurs alike: an abandoned resort waiting to be reborn. Discovering such a property, while extremely unlikely, is like stumbling upon a forgotten treasure, offering a unique opportunity to revive a piece of history while creating a thriving business. In this article, we'll delve into the allure of finding an abandoned resort for sale in Minnesota and explore the potential it holds for those with vision and a passion for hospitality.

The Thrill of Exploration

Unearthing an abandoned resort for sale in Minnesota is an adventure in itself. Often tucked away in remote locations, these resorts harken back to a bygone era, evoking memories of summer vacations and family retreats. The thrill of exploration, as you wander through empty corridors and overgrown gardens, is a feeling like no other. Each creaking floorboard and peeling wallpaper tells a story, and you become the protagonist ready to pen the next chapter.

Resurrecting History

Abandoned resorts are more than just dilapidated structures; they are repositories of history. Many of these properties have a rich past, with decades of memories imprinted in their walls. From the laughter of children playing in the pool to the quiet moments shared between couples overlooking a pristine lake, these resorts have witnessed countless stories. By purchasing and restoring an abandoned resort, you become a custodian of its legacy, preserving its unique character while infusing it with new life.

Potential for Reinvention

When you stumble upon an abandoned resort, you're not just buying a piece of real estate; you're investing in a dream. These properties offer endless possibilities for reinvention. Whether you envision a boutique hotel, a wellness retreat, or a family-oriented vacation spot, the choice is yours. The architecture, surrounding natural beauty, and existing amenities provide a solid foundation upon which you can build your vision. With careful planning and a touch of creativity, you can breathe new life into the resort, attracting visitors seeking a unique and unforgettable experience.

Embracing Minnesota's Natural Splendor

One of the primary attractions of an abandoned resort in Minnesota is its location amidst the state's breathtaking natural splendor. Minnesota boasts an abundance of lakes, forests, and rolling hills, making it an idyllic setting for outdoor enthusiasts. A restored resort can capitalize on this by offering various recreational activities, such as boating, fishing, hiking, and wildlife observation. The allure of the great outdoors combined with the comfort and charm of a revitalized resort is a winning combination that can attract both local residents and tourists.

Supporting Local Economy

Reviving an abandoned resort not only provides an opportunity for personal and entrepreneurial growth but also contributes to the local economy. By establishing a successful resort, you create jobs, attract tourists, and stimulate local businesses. From construction workers and hotel staff to suppliers and neighboring restaurants, the ripple effect of a restored resort extends beyond its boundaries, breathing new life into the entire community.

Conclusion

Discovering an abandoned resort for sale in Minnesota, while very unlikely, is an extraordinary opportunity to blend history, imagination, and entrepreneurship. It's a chance to revive a forgotten place and weave it into the tapestry of Minnesota's natural beauty. By embracing the challenge of restoration and reinvention, you can create a destination that captures the hearts of visitors and rekindles the spirit of exploration. So, if you come across an abandoned resort in Minnesota, don't simply see it as a derelict property but rather as a blank canvas awaiting your artistic touch.

Buying a Minnesota Resort

Owning a resort in the scenic state of Minnesota is a dream come true for many individuals and families seeking a fulfilling and rewarding lifestyle. With its abundant lakes, breathtaking landscapes, and welcoming communities, Minnesota offers a haven for those looking to escape the hustle and bustle of city life and immerse themselves in the tranquility of nature. Buying a resort in this picturesque state not only presents a unique business opportunity but also opens doors to a lifestyle centered around hospitality, outdoor recreation, and creating unforgettable experiences for guests. Here's a guide to help you navigate the process of purchasing a Minnesota resort and turning your dream into a reality.

Define Your Vision. Before delving into the search for a resort, it's crucial to define your vision for the property. Determine the type of resort experience you wish to offer—whether it's a cozy lakeside retreat, a family-friendly destination, or a luxurious getaway. Consider the size of the resort, the amenities you want to provide, and the target market you aim to attract. Clarifying your vision will help guide your search and ensure that the resorts you explore align with your goals and aspirations.

Research the Location. Minnesota boasts a diverse range of regions, each with its unique appeal. Research different areas within the state and identify the one that resonates with your preferences and suits your target market. Consider factors such as proximity to major cities, accessibility, local attractions, and the popularity of the area among tourists. Each region offers a distinct atmosphere and a variety of recreational opportunities, so choose one that aligns with your personal and business goals.

Engage Professionals. Buying a resort is a significant investment that requires careful due diligence. Engage professionals such as real estate agents, attorneys, and accountants experienced in the hospitality industry to guide you through the process. Your LakePlace.com agent can help you identify suitable properties, navigate legal and financial considerations, conduct thorough inspections, and negotiate fair purchase terms. Their expertise will provide valuable insights and ensure a smooth and informed purchase.

Assess Financial Feasibility. Running a resort requires a comprehensive understanding of the financial aspects involved. Evaluate the financial feasibility of the resort you're considering, taking into account factors such as purchase price, ongoing operational costs, revenue potential, and market trends. Conduct a thorough analysis of the property's financial records, occupancy rates, and potential for growth. It's essential to have a clear understanding of the financial commitment and revenue streams associated with owning and operating a resort.

Consider Existing Infrastructure. When purchasing a resort, consider the existing infrastructure and amenities. Assess the condition of buildings, guest accommodations, recreational facilities, and infrastructure such as water and sewage systems. Evaluate whether any renovations or updates are required and factor those costs into your budget. Additionally, consider the potential for expansion or diversification of services to enhance guest experiences and increase revenue streams.

Understand Seasonality. Minnesota experiences distinct seasons, each offering unique opportunities and challenges for resort owners. Understand the seasonal patterns of the area you're considering, as they will influence occupancy rates, guest preferences, and revenue streams. Plan accordingly by offering activities and amenities that cater to different seasons, marketing strategies that target specific times of the year, and a business model that accounts for fluctuations in demand.

Embrace Hospitality and Community. Owning a resort is not just about the property; it's about the people. Embrace the spirit of hospitality and community engagement. Foster relationships with local businesses, organizations, and tourism boards to promote your resort and collaborate on joint initiatives. Embrace the opportunity to become a valued member of the community, contributing to its growth and participating in local events.

Provide Unforgettable Experiences. A successful resort is built on providing exceptional guest experiences. Invest in creating a welcoming atmosphere, hiring a dedicated and friendly staff, and offering a range of activities and amenities that cater to your target market. Whether it's organizing guided fishing trips, hosting outdoor adventure excursions, or providing relaxing spa services, strive to exceed guests' expectations and create unforgettable memories. Focus on personalization, attention to detail, and a genuine commitment to guest satisfaction.

Embrace the Natural Beauty. Minnesota's natural beauty is a major draw for visitors. Showcase the stunning surroundings of your resort by preserving and enhancing the natural landscape. Maintain well-groomed grounds, create scenic walking trails, and provide opportunities for guests to engage in outdoor activities like hiking, boating, or wildlife spotting. Incorporate eco-friendly practices to minimize the resort's environmental footprint, aligning with the growing demand for sustainable tourism.

Marketing and Promotion. Develop a comprehensive marketing and promotion strategy to showcase your resort and attract guests. Utilize a mix of online and offline channels to reach your target audience. Build an engaging website that highlights the resort's unique features, amenities, and experiences. Leverage social media platforms to share captivating visuals and stories that showcase the resort's allure. Collaborate with local tourism boards, travel agencies, and online travel platforms to increase visibility and reach a wider audience.

Evolve and Innovate. The hospitality industry is dynamic, and staying relevant requires continuous evolution and innovation. Stay updated with industry trends, technological advancements, and changing guest preferences. Regularly assess and adapt your offerings to meet the evolving needs and desires of your target market. Introduce new experiences, amenities, or packages to surprise and delight guests, ensuring that they keep returning and spreading positive word-of-mouth.

Seek Work-Life Balance. Owning and operating a resort can be demanding, so it's crucial to maintain a healthy work-life balance. Delegate responsibilities, hire competent staff, and establish efficient operational systems that allow you to enjoy the rewards of your hard work. Take time to recharge, explore the natural wonders around you, and spend quality time with loved ones. Remember that the beauty of owning a resort is not just the business itself but also the lifestyle it affords.

Owning a Minnesota resort offers the opportunity to combine business ownership with a passion for hospitality, nature, and creating lasting memories. By conducting thorough research, engaging professionals, understanding the financial landscape, and embracing the local community, you can turn your dream of owning a resort into a fulfilling reality. With dedication, a commitment to exceptional guest experiences, and a love for the breathtaking surroundings, your Minnesota resort can become a cherished destination for visitors seeking a unique and memorable getaway.

Owning & Operating a Minnesota Resort

Operating a Lakefront Resort: Tips for Success

Owning and operating a lakefront resort can be a fulfilling and profitable business. However, it also comes with its own unique challenges and considerations. If you're considering starting a lakefront resort or already own one, here are some tips for success.

Understand Your Market

One of the most important factors in operating a successful Minnesota resort is understanding your market. Consider who your target audience is and what they're looking for in a vacation experience. This can help you tailor your amenities, activities, and marketing efforts to meet their needs and expectations.

Offer a Variety of Activities

One of the biggest draws of a lakefront resort in Minnesota is the abundance of activities that guests can participate in. Make sure to offer a variety of activities that appeal to a range of ages and interests, such as fishing, boating, hiking, and swimming. You can also consider partnering with local tour operators or activity providers to offer even more options for guests.

Maintain a Clean and Safe Property

A clean and safe property is essential to the success of a MN resort. Make sure to regularly inspect your property for hazards, such as slippery docks or loose handrails. Keep your buildings and grounds clean and well-maintained to create a positive impression on guests.

Provide Excellent Customer Service

Providing excellent customer service can go a long way in ensuring the success of your lakefront resort. Train your staff to be friendly, attentive, and knowledgeable about your property and the surrounding area. Make sure to respond promptly to guest inquiries and concerns to show that you value their experience.

Focus on Sustainability

Minnesota resorts have a unique responsibility to protect and preserve the natural environment. Make sure to implement sustainable practices, such as using eco-friendly cleaning products, reducing energy consumption, and minimizing waste. You can also educate guests on the importance of sustainability and encourage them to participate in conservation efforts.

Market Effectively

Marketing is key to attracting new guests to your MN resort. Utilize a variety of marketing channels, such as social media, email campaigns, and online listings, to reach potential guests. Highlight the unique features of your property and the surrounding area to create a compelling message that resonates with your target audience.

Plan for Seasonal Fluctuations

Lakefront resorts in Minnesota are subject to seasonal fluctuations in demand. Make sure to plan accordingly, such as by adjusting your staff levels and hours of operation to match demand. You can also consider offering seasonal promotions or discounts to attract guests during slower periods.

In Conclusion

Owning and operating a Minnesota resort can be a rewarding and successful business, but it requires careful planning and attention to detail. By understanding your market, offering a variety of activities, maintaining a clean and safe property, providing excellent customer service, focusing on sustainability, marketing effectively, and planning for seasonal fluctuations, you can create a thriving lakefront resort that provides unforgettable experiences for your guests.

Selling a Minnesota Resort

Selling Your Resort in Minnesota: What You Need to Know

Owning a resort in Minnesota is a dream for many people. The state's beautiful lakes, forests, and natural attractions attract thousands of tourists every year, making it an ideal place to invest in a hospitality business. However, there may come a time when you decide to sell your resort. Selling a resort can be a complex process, but with the right preparation and guidance, it can be a smooth and successful transaction. Here are some key factors to consider when selling a Minnesota resort.

Assess the Value of Your Resort

The first step in selling your resort is to assess its value. There are several factors that can impact the value of your resort, such as its location, amenities, condition, and revenue. It's important to hire a professional appraiser and real estate agent who have experience in valuing resorts to provide an accurate assessment of your property's worth.

Prepare Your Resort for Sale

Once you have an understanding of your resort's value, the next step is to prepare it for sale. This can include making necessary repairs, updating decor, and ensuring that all permits and licenses are up-to-date. You'll also want to create a marketing plan that highlights the unique features of your resort and appeals to potential buyers.

Find the Right Broker

Selling a resort is a specialized process, and it's important to work with a broker who has experience in this area. Look for a broker who has a track record of successfully selling resorts in Minnesota and who understands the local market.

Marketing Your Resort

Once you have your resort listed with a broker, it's time to start marketing it to potential buyers. Your broker should have a comprehensive marketing plan that includes online listings, targeted advertising, and outreach to potential buyers.

Negotiate the Sale

When a potential buyer expresses interest in your resort, it's important to negotiate the terms of the sale. This can include the purchase price, payment terms, and any contingencies. Your broker can help you navigate the negotiation process and ensure that your interests are protected.

Close the Sale

Once you and the buyer have agreed to the terms of the sale, it's time to close the deal. This involves transferring ownership of the resort and completing all necessary paperwork. Your broker and attorney can guide you through this process to ensure that everything is done correctly.

In Conclusion

Selling a Minnesota resort can be a complex process, but with the right preparation and guidance, it can be a smooth and successful transaction. It's important to work with professionals who understand the unique challenges of selling a resort and can guide you through each step of the process. By taking the time to assess the value of your resort, prepare it for sale, find the right broker, market it effectively, negotiate the sale, and close the deal, you can achieve a successful sale that meets your financial and personal goals.

Resorts For Sale in Minnesota

The Great Escape: A Guide to Buying a Resort in Minnesota

Minnesota, also known as the "Land of 10,000 Lakes," is a state with abundant natural beauty and a vibrant tourism industry. With its pristine lakes, lush forests, and charming small towns, Minnesota is a popular destination for outdoor enthusiasts and vacationers alike. If you've ever dreamed of owning your own resort and immersing yourself in the beauty of the Northwoods, Minnesota may just be the perfect place to turn that dream into a reality. In this article, we'll explore the process of buying a resort in Minnesota, from understanding the market to navigating the legalities, to help you embark on your own great escape.

Why Minnesota?

Minnesota is known for its stunning lakes, which offer endless opportunities for fishing, boating, and water sports. The state is also home to numerous state parks, forests, and wilderness areas, providing ample opportunities for hiking, camping, and wildlife viewing. The scenic beauty and recreational opportunities of Minnesota make it a prime destination for travelers seeking outdoor adventures, making it a great location for a resort.

In addition to its natural beauty, Minnesota has a strong tourism industry. According to Explore Minnesota, the state's official tourism promotion office, tourism is a $16 billion industry in Minnesota, supporting over 270,000 jobs. The state welcomes millions of visitors each year who come to enjoy its lakes, parks, trails, and cultural attractions, creating a robust demand for resort accommodations.

Understanding the Resort Market

Before diving into the process of buying a resort in Minnesota, it's crucial to understand the market. Conducting market research and analysis is a critical step in any business venture, including buying a resort. Here are some key aspects to consider:

Location: Location is a crucial factor in the success of a resort. Consider the proximity of the resort to lakes, parks, trails, and other attractions. Resorts located on popular lakes or near tourist hotspots are more likely to attract guests and generate higher revenue.

Competition: Research the competition in the area where you plan to buy a resort. Identify other resorts, hotels, and vacation rentals in the vicinity and assess their offerings, pricing, and occupancy rates. This information will help you gauge the level of competition and determine how your resort can stand out in the market.

Financials: Review the financials of the resort you are interested in buying. This includes analyzing the revenue and expenses, occupancy rates, and cash flow. Consider hiring a professional accountant or financial advisor to help you evaluate the financial health of the resort and project potential returns on investment.

Seasonality: Minnesota's tourism industry is seasonal, with peak demand for resorts occurring during the summer months. Be prepared to manage the seasonality of the business, including potential fluctuations in revenue and occupancy rates during the off-season.

Navigating the Legalities

Purchasing a resort in Minnesota involves several legal and regulatory considerations. Here are some key legalities to keep in mind:

Business Structure: Determine the appropriate business structure for your resort, such as a sole proprietorship, partnership, corporation, or limited liability company (LLC). Each business structure has its own legal implications, tax consequences, and liability protections, so consult with a business attorney to determine the best option for your specific situation.

Permits and Licenses: Research the permits and licenses required to operate a resort in Minnesota. This may include a lodging license, food service license, liquor license, and other local, state, and federal permits or certifications. Make sure to obtain all necessary permits and licenses before opening your resort.

Zoning and Land Use Regulations: Familiarize yourself with the zoning and land use regulations in the area where the resort is located. These regulations govern how the property can be used and developed, and it's important to ensure that your resort complies with all applicable zoning and land use requirements. This may include restrictions on building size, setbacks from lakes or other natural resources, and other regulations that impact the design and development of your resort.

Contracts and Agreements: When purchasing a resort, you'll need to negotiate and review various contracts and agreements, such as purchase agreements, lease agreements, and vendor contracts. It's essential to have legal counsel review these documents to ensure that your interests are protected and that you understand the terms and conditions of the agreements.

Employment Regulations: If your resort will have employees, be sure to familiarize yourself with federal and state employment regulations, including wage and hour laws, workplace safety regulations, and employee rights. Compliance with employment laws is crucial to avoid potential legal issues and protect your business.

Working with Professionals

Buying a resort in Minnesota can be a complex process, and it's advisable to work with a team of professionals who can provide expert guidance and advice. Here are some professionals you may want to consider:

Real Estate Agent: A knowledgeable real estate agent with experience in the hospitality industry can help you find the right resort property, negotiate the purchase price, and navigate the complexities of the real estate transaction process.

Business Attorney: A business attorney can help you with legal aspects such as business structure, contracts, permits, and compliance with regulations. They can ensure that your interests are protected and that you comply with all legal requirements.

Accountant: An accountant can assist you in reviewing the financials of the resort, projecting potential returns on investment, and ensuring that you are aware of any tax implications associated with the purchase and operation of the resort.

Insurer: Working with an insurance professional who specializes in the hospitality industry can help you obtain the appropriate insurance coverage for your resort, including property insurance, liability insurance, and workers' compensation insurance.

Financing Expert: If you need financing to purchase the resort, consider working with a financing expert who can help you explore your options and secure the necessary funds.

Conclusion

Buying a resort in Minnesota can be a fulfilling and profitable endeavor for those who are passionate about the outdoors and the hospitality industry. However, it's important to thoroughly understand the market, navigate the legalities, and work with a team of professionals to ensure a successful purchase and operation of your resort. With careful planning, research, and the right team of experts, you can embark on your great escape and make your dream of owning a resort in Minnesota a reality. So, get ready to welcome guests to your very own piece of Minnesota's pristine beauty and start creating unforgettable memories for your guests and yourself!

Minnesota Resorts For Sale

Too many of us get stuck in the rut of our daily lives. We make it through our 9:00 to 5:00 jobs, field the constant ringing of our cell phones, monitor the internet obsessively for news from around the world and generally fail to spend sufficient quality time with our closest friends and family. If this scenario sounds all too familiar to you, consider making a dramatic change in your life. Embrace life again and find your true calling. If you have ever entertained the notion that you might one day own your very own MN resort property in a beautiful, welcoming destination, far away from the crazy zaniness of the everyday world, consider immersing yourself in the beauty of Minnesota. Affectionately known as the 'Land of 10,000 Lakes,' Minnesota is a tremendous spot to own your very own deluxe property, welcoming guests from near and far. Now is the time. Go ahead and embrace the opportunity - contact LakePlace.com to get a list of current Minnesota resorts for sale.

Minnesota may not immediately jump to mind when you think of resorts, but the properties here are actually spectacular. Prices are much more affordable than exotic Caribbean destinations and the ease of traveling to Minnesota and relatively low cost of living make it an ideal spot for family vacationers year after year. In northern Minnesota, there are quite literally thousands of gorgeous lakes, perfect for water sporting enthusiasts to water-ski, swim, boat or simply lounge out on one of the many sandy beaches. Fishing up here is wonderful, particularly in areas such as Brainerd and Baxter, making northern Minnesota the perfect destination for everyone from amateur dabblers to experienced anglers. Walleye, panfish, perch, small mouth bass and large mouth bass are plentiful, just waiting to be caught. Thousands of acres of forests in state and national parks provide great opportunities for hiking, cross country skiing, All Terrain Vehicles and biking. Even areas such as Lake Minnetonka offer all the beauty of the Minnesota Northwoods, with an easy thirty minute drive to the metropolitan night life of the Twin Cities, Minneapolis and St. Paul. Resorts here range from small MN campgrounds facilities or Minnesota rv parks with limited amenities to extravagant luxury waterfront properties, perfect for a romantic getaway for two.

Since the recession of several years ago, many of us are aware that the prices of prime real estate have decreased dramatically. While these corrected property values may be bad news for sellers, buyers are in a perfect position to snap up great real estate at great prices. Minnesota is no exception to this rule. Everything from small vacation cabins on the lake, to magnificent, multi-million dollars resort property can be found at rock bottom prices. As an added benefit, interest rates are at near historic lows, making it an especially desirable time to venture into the resort market. There may even be advantageous tax consequences when living in and operating your very own Minnesota resort property. Be sure to check with your tax professional and real estate specialist for details about such possibilities.

While the initial pricing of Minnesota resorts is ideal, at the present moment, it is also important to be mindful of the repairs and updates which might need to be made to pre-existing properties when deciding to purchase a resort. Figuring the costs of such repairs and maintenance into your initial budget can be critical, especially when the repairs are sizable. It is also important to keep in mind that each piece of investment property has its own special development potential. Be sure to consider other resorts, campgrounds or rv parks in the surrounding area which have produced profits for their owner(s). Modeling your resort business in a manner similar to other successful businesses may help to increase the income potential of your investment. Or, other unsuccessful properties in the area may help to provide insight into how to improve upon the existing market. Either way, taking a look at businesses in the nearby vicinity can provide new resort buyers with valuable clues as how best to conduct their affairs to maximize their growth potential.

While taking the initial plunge into the resort operating business can be scary, Minnesota offers new resort owners a chance to re-invent themselves amidst some of the most spectacular scenery in the Midwestern United States. Properties can be molded into the owners' vision in a way most likely to attract visitors. If food is your thing, create a vacation destination dedicated to providing delectable local cuisine utilizing local products. If outdoor sports are your focus, create a resort providing amenities to boaters, hikers and fisherman. The possibilities are endless here in Minnesota for those with a little bit of creativity and the willingness to roll up their sleeves and get to work. LakePlace.com's commercial division is proud to offer MN resorts, campgrounds and rv parks for sale throughout the land of 10,000 lakes.

Minnesota Campgrounds & RV Parks For Sale

For people seeking an opportunity to immerse themselves in the wilderness without having to sacrifice modern comforts and amenities, there is perhaps no better way to travel than in a Recreational Vehicle, or RV. At RV parks and campgrounds, visitors can enjoy the beauty of nature without interference from modern developments and high-rise buildings. Surrounded by the comforts of home, RV travelers can experience the camaraderie of joining their fellow travelers at a camping facility without pesky tents, uncomfortable living situations or substandard bathing facilities. While spectacular RV parks and campgrounds exist all across the United States and Canada, the RV parks of Minnesota feature some of the most beautifully pristine scenery North America has to offer. If you have ever considered the possibility of exploring the world in an RV, be sure to consider some of the wonderful RV park options here in the great state of Minnesota!

There are a variety of advantages to traveling via RV. While relaxing in a cabin by a lake can be truly wonderful, purchasers of residential property must be prepared to pay a variety of maintenance and upkeep costs. The harsh winter months when a cabin is more likely to be unoccupied can be especially damaging for a residential property. While there are maintenance costs associated with owning a RV, it is possible to move the vehicle to a more accommodating climate during unforgiving weather conditions. Living in a RV allows you the freedom and mobility to explore the countryside free from the restriction of owning a particular piece of property. RV parks create small communities where travelers from across the country can meet one another and learn from their different, and shared, perspectives. Furthermore, RVs can be more cost effective than purchasing a piece of property or renting a room in a pricey resort for the average family. This is especially true when you factor in the extra gas usage necessary to pull a large trailer full of the entire family's belongings.

There are several different regions to consider when searching for RV parks for sale in Minnesota. In the southern portion of the state, cities such as Red Wing, Lake City and Winona feature breath-taking views of the Mississippi River along with riverboats and unique wildlife. In Wabasha, the National Eagle Center beckons where children and adults can observe these majestic creatures. Just to the west of the Mississippi River lies the famous Bluff Country where visitors can explore the beauty of Amish farming country along the myriad of hiking and biking trails. Even those wishing to visit the Minneapolis/St. Paul metropolitan area are sure to find the perfect RV campground to rest for a night or two in or around this vibrant city.

North Central Minnesota encompasses a variety of cities such as Brainerd, Grand Rapids and Sartell. To the North, the Voyageurs Park is a virtual paradise for kayakers, boaters and nature enthusiasts. Here in North Central Minnesota, visitors will find a wonderful array of RV parks and campgrounds for sale, many of which are located next to one of the many scenic lakes of this region. In fact, Minnesota is known as the "Land of 10,000 Lakes" and visitors here will delight in the beautiful scenery and wide selection of outdoor activities. Families can enjoy hiking, bike-riding, boating, water-skiing, swimming or just relaxing on the shores of one of these lakes in the summer. Visitors can explore the beauty of this region in one of the many nature preserves and forests such as the Chippewa National Forest or the spectacular Voyageurs National Park, comprised mainly of rivers, lakes, inlets and islands. In winter, a plethora of recreational opportunities awaits including ice-fishing, snow-shoeing, skiing, riding a snow-mobile. Here, in the Minnesota Northwoods, many of the RV parks feature an amazing array of amenities. Whether you are seeking an in-ground pool for the kids, a whirlpool spa for yourself or a community lodge with a game room for the whole family, you are sure to find the perfect campground or RV park here in northern Minnesota. Some parks may even feature boat docks or even boats available for use by their guests.

So, as you plan your next family vacation, be sure to consider the advantages of exploring Minnesota RV parks and campgrounds. Not only are there numerous RV park and community options across this gorgeous state, travelers will get to explore the great American wilderness the way it was meant to be explored; by road trip. It is a good idea to plan your trip in advance and make reservations at the RV parks, as they may be very popular especially in summer months. You will want to ensure that you have a guaranteed spot for water and power hook-up. Traveling by RV, you and your family will create wonderful memories of all of your fun adventures in the splendid beauty of Minnesota.

About Resorts in Minnesota

Minnesota, also known as the Land of 10,000 Lakes, is a state located in the northern part of the United States. It is a popular destination for outdoor enthusiasts, especially during the summer months when the weather is warm and sunny. One of the best ways to enjoy all that Minnesota has to offer is by staying at one of its many resorts.

Minnesota has a variety of resorts to choose from, ranging from rustic cabins to luxury lodges. Many of these resorts are located near lakes and offer activities such as fishing, boating, and swimming. Here are some of the iconic Minnesota resorts:

Madden's on Gull Lake: Located in the Brainerd Lakes area, Madden's is a premier resort that offers something for everyone. The resort features several golf courses, a spa, and a variety of dining options. Guests can also enjoy water sports such as kayaking, paddleboarding, and fishing.

Grand View Lodge: Also located in the Brainerd Lakes area, Grand View Lodge is another top-rated resort in Minnesota. The lodge features several restaurants, a spa, and a wide range of activities such as golfing, tennis, and boating.

Bluefin Bay on Lake Superior: Located on the North Shore of Lake Superior, Bluefin Bay is a popular destination for those looking to enjoy the beauty of the lake. The resort features several types of accommodations, including rooms, suites, and condos. Guests can enjoy activities such as hiking, biking, and fishing.

Lutsen Resort: Another North Shore resort, Lutsen Resort is known for its stunning views of Lake Superior and the surrounding forests. The resort features a variety of accommodations, including cabins and townhomes. Guests can enjoy activities such as hiking, skiing, and snowshoeing.

Breezy Point Resort: Located in the heart of Minnesota's lake country, Breezy Point Resort is a family-friendly resort that offers a wide range of activities for all ages. The resort features a golf course, a spa, and several dining options. Guests can also enjoy water sports such as fishing, boating, and swimming.

These are just a few of the many resorts that Minnesota has to offer. Whether you are looking for a luxurious getaway or a rustic retreat, Minnesota has something for everyone. So why not plan your next vacation to this beautiful state and experience all that it has to offer?

Related Pages

Minnesota Campgrounds For Sale

Minnesota RV Parks For Sale

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