$1,300,000
Baudette, MN 56623
MLS# 6336813
Status: Closed
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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
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2023-04-19
Current Price: $1,300,000
Closed Date: 2023-07-27
Sales Close Price: 1300000
Contingency: None
ListPrice: 1500000
List Date: 2023-02-27
Office/Member Info
Association: NWMAR
MLSID: RMLS
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
Lot Dimensions: 350x420x350x530 & 150x270x150x270
Acres: 4.62
Lake/Waterfront Name: Rainy River
Foundation Size: 1216
Garage Stalls: 5
Power Company: North Star Electric Coop
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Listing City: Baudette
Map Page: 999
Municipality: Wabanica Twp
Rental License?: No
School District: Lake of the Woods
School District Phone: 218-634-2735
DNR Lake ID#: S9990460
DNR Lake Classification: Not Applicable
Lake Chain: N
Zip Plus 4: 8915
Property ID Number: 230141000
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.
Accessible
None: 1
Additional Parcels Information
Property ID #2: 235603010
Appliances
Fuel Tank - Rented: 1
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 3986
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: Varies
Partial: 1
Building Information
Building Finished SqFt: 4340
Building SqFt: 4340
Construction Materials
Frame: 1
Construction Status
Previously Owned: 1
Elevation Highpoint to Waterfront Feet
Elevation Highpoint Waterfront Feet: 15-26
Elevation Highpoint to Waterfront Slope
Gradual: 1
Exterior
Metal: 1
Wood: 1
Financing Terms
Conventional: 1
Fuel
Propane: 1
Heating
Forced Air: 1
Hot Water: 1
Lake Details
Reeds: 1
Soft: 1
Weeds: 1
Lake/Waterfront
River Front: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Irregular Lot: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 32x52
Garage Door Height: 8
Garage Door Width: 9
Garage Square Feet: 1664
Floor Drain: 1
Heated Garage: 1
Unassigned: 1
Patio, Porch and Deck Features
Deck: 1
Pool Description
None: 1
Public Survey Info
Range#: 32
Section#: 1
Township#: 161
Road Frontage
County Road: 1
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land
Sewer
Mound Septic: 1
Private Sewer: 1
Tank with Drainage Field: 1
Stories
Two: 1
Topography
Level: 1
Unit Details
Total Units: 7
Wall Description
Wood: 1
Water
Private: 1
Well: 1
Waterfront View
River: 1
No. of Ranges
Two: 1
No. of Refrigerators
Six or More: 1
Unit 2
No. of 2 Bedroom Units: 5
Unit 3
No. of 3 Bedroom Units: 3
On Site Utilities
Electric Separate: 1
CMU Style
Resort: 1
Current Use
Resort: 1
Loan Terms
Cash: 1
Conventional: 1
Potential Use
Diversified: 1
Location Tax and Other Information
House Number: 2683
Street Name: 22nd
Street Suffix: Street
Street Direction Suffix: NW
Postal City: Baudette
County: Lake of the Woods
State: MN
Zip Code: 56623
Property Features
Accessible: None
Appliances: Fuel Tank - Rented; Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Partial
CMU Style: Resort
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Resort
Elevation Highpoint to Waterfront Slope: Gradual
Exterior: Metal; Wood
Financing Terms: Conventional
Fuel: Propane
Heating: Forced Air; Hot Water
Lake Details: Reeds; Soft; Weeds
Loan Terms: Cash; Conventional
Lot Description: Irregular Lot
On Site Utilities: Electric Separate
Parking Characteristics: 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
Topography: Level
Wall Description: Wood
Water: Private; Well
Waterfront View: River
Listing Office: Tru North Baudette
Last Updated: June - 08 - 2025
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.