$3,208,000
2170 County Road 139
International Falls, MN 56649
MLS# 6470058
Status: Closed
44 beds  |  29 baths


Great business opportunity on Rainy Lake!
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Property Description
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 fishy shoreline and is so serene that it is home to Minnesota's Voyageurs National Park! One thing Wikipedia doesn't mention is that Thunderbird Lodge, the only full service year round resort on either side of the lake is now for sale! Sitting on 69 acres with approximately 1200' of waterfront and with newly added municipal sewer this iconic business is primed for expansion by adding more cabins, RV/Campsites and more! Currently the 15 deluxe lodgerooms,10 cabins and a rental house will sleep 125 guests.The welcoming lakeside bar seats 60 (add 40 with the summer deck) while the dining room will accommodate 70 and the private banquet room 130. There are 100 boat slips and plenty of room to add more! Rental boats, snowmobiles are available if you don't have your own to explore this amazing wilderness!

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-06-30
Current Price: $3,208,000
Closed Date: 2025-07-11
Sales Close Price: 3208000
Contingency: None
ListPrice: 3650000
List Date: 2024-01-02
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 50
Owner Occupied: No
Waterfront Frontage: 1100
Waterfront Present: Yes
Year Built: 1937
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Shoreline
Bedrooms: 44
Baths Total: 29
Foundation Size: 10318
Garage Stalls: 1
Lake/Waterfront Name: Rainy
For Sale or Lease: For Sale
Acres: 69
Lot Dimensions: 1155x1070
Location Tax and Other Information
House Number: 2170
Street Name: County Road 139
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Additional Parcels Information
Property ID #2: 0703224100
Property ID #3: 0703231100,0703232100
Assessments
Assessment Balance: 10699
Tax With Assessments: 30878
Building Information
Building Finished SqFt: 19842
Lake Details
Lake Acres: 210200
Lake Depth: 161
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 600
Public Survey Info
Range#: 22
Section#: 32
Township#: 71
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land, Leases, Liquor License
Unit 1
Unit Number: 101
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Level: Main Level
Unit Total SqFt: 250
Leased?: No
No. of 1 Bedroom Units: 15
Unit 10
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 208
Unit Total SqFt: 200
Unit 11
Full Baths: 1
Leased?: No
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 301
Unit Total SqFt: 250
Unit 12
Full Baths: 1
Leased?: No
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 302
Unit Total SqFt: 285
Unit 13
Full Baths: 1
Leased?: No
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 303
Unit Total SqFt: 285
Unit 14
Full Baths: 1
Leased?: No
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 304
Unit Total SqFt: 285
Unit 15
Full Baths: 1
Leased?: No
Level: 3rd Level
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 305
Unit Total SqFt: 200
Unit 2
No. of 2 Bedroom Units: 5
Leased?: No
Level: Main Level
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 102
Unit Total SqFt: 250
Unit 3
No. of 3 Bedroom Units: 5
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 201
Unit Total SqFt: 250
Unit 4
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 202
Unit Total SqFt: 285
Unit 5
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 203
Unit Total SqFt: 250
Unit 6
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 204
Unit Total SqFt: 285
Unit 7
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 205
Unit Total SqFt: 200
Unit 8
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 206
Unit Total SqFt: 200
Unit 9
Full Baths: 1
Leased?: No
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Unit Number: 207
Unit Total SqFt: 200
Unit Details
Total Units: 26
Unit Information
No. of Efficiency Units: 15
Property Features
Accessible: Wheelchair Ramp
Amenities Shared: Beach; Boat Slip; Deck; Dock
CMU Style: Resort
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Ice Machine; Other; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer
Construction Status: Previously Owned
Current Use: Commercial; Event Space; Food Service; Recreational; Residential; Resort; Tavern/Lounge
Elevation Highpoint to Waterfront Slope: Gradual
Exterior: Wood
Fencing: None
Financing Terms: Conventional
Foundation: Other
Fuel: Electric
Heating: Baseboard; Forced Air
Loan Terms: Cash; Conventional
Location Description: Other/See Remarks
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Assigned; RV Access/Parking; Unassigned
Rental License Type: Other
Sewer: City Sewer/Connected
Unit 15: Total Bathrooms
Water: Well
Waterfront View: Bay; Harbor; Lake; Panoramic; North; East

Listing Office: Move it Real Estate Group/Lake

Last Updated: July - 11 - 2025

2170 County Road 139, International Falls, MN 56649 - MLS# 6470058

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