66868 Island Lake Rd, Northome, MN 56661

RARE OPPORTUNITY TO OWN A MA & PA RESORT OR FISHING CAMP AT AN ENTRY LEVEL PRICE! PRICE AND LOT SIZE UPDATED DUE TO LAND SPLIT. AT THIS PRICE THE PROPERTY WILL NOT LAST LONG SO HURRY!!! Island Lake Resort is located on beautiful 3000 acre Island Lake in Northome, Minnesota. Great Walleye and Small Mouth bass fill these waters! Only 30 minutes to Upper Red Lake. The property has about 250 feet of hard sandy bottom shoreline and a little over 5 acres of land. Older 4 br farm house has an attached 2 car garage. Two 2 br cabins and 1 newly remodeled 3 br cabin are located right on the water's edge. The 3 br cabin is recently updated with new electrical, knotty pine, ceiling fans, and a/c. There is also a pole barn, smaller sheds, and a large mobile home that could be remodeled and put into service. The resort is located right on MN Hwy 46 and the access road is plowed year round. At present, the resort does not cash flow; however, it does bring in enough funds to pay all utilities, property taxes and insurance.There is certainly plenty of business; many times we turn away business as we are looking toward retirement and are engaged elsewhere. There is room for expansion on the property and solid opportunity awaits those with ambition who will put in the time and increase advertising. The 4 br farm style house will need complete remodeling before it is livable. The land itself is park-like. There are many possibilities for this property: Run it as a resort or private family camp, remove buildings to fill it with RVs and turn it into a seasonal camp ground, or even sell burgers and beer! We did spilt the property to make it more affordable.More lakeshore, cabin available. We would consider a CD to purchase with a very large down payment. This sale is by owner. (no agent) K-12 Northome school 8 miles away. Why not buy something good! Call Mike today 218 553 0116