151 Onion River Rd - Hospitality FOR SALE


Tofte, MN 55615
$3,116,100 USD
612-385-5546
151 Onion River Rd, Tofte, MN for Sale
$3,116,100 USD
Hospitality - FOR SALE
1/31
null | 9.5% Cap Rate

151 Onion River Rd
Tofte, MN 55615


HIGHLIGHTS

  • 9.5% Cap Rate | Luxury resort on 17 acres in Tofte, Minnesota, with breathtaking views of Lake Superior
  • Five upscale vacation rental cabins with a blend of old wood charm with modern amenities, positioned on a slope offering scenic views of the lake
  • Energy efficient Eco Resort combining sustainability and luxury
  • Tofte Trails is an adults-only, dog-friendly resort near the Boundary Waters and one of 13 global dark sky sanctuaries, ideal for outdoor enthusiasts
  • Located minutes from Lutsen Mountains Ski Resort, Superior National Golf Course, and numerous hiking trails, it's perfect for adventure seekers
  • The Property's sister resort, Cuyuna Cove in Crosby, MN, is also available for sale

OVERVIEW

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of Tofte Trails ("Property"), a premier luxury resort nestled on 17 acres in Tofte, Minnesota, with breathtaking views of Lake Superior. The Property currently features five upscale vacation rental cabins, which combine old wood charm with modern amenities and are strategically positioned to take advantage of the property's gentle slope, offering stunning views of the lake through the forest. Tofte Trails is an adults-only, dog-friendly getaway located near the Boundary Waters Canoe Area Wilderness and one of only 13 dark sky sanctuaries on Earth. Minutes from Lutsen Mountains Ski Resort, Superior National Golf Course, and numerous hiking trails, this property is perfectly situated for outdoor enthusiasts seeking a serene yet adventurous retreat. The Property offers prime expansion potential, with a portion of the land providing direct access to Highway 61. The surrounding land supports future development to the east and west, with infrastructure in place for additional water systems and a planned sauna build. Additional development opportunities are available, including the potential to construct up to 12 additional cabins on the property.

FOR SALE DETAILS

PRICE

$3,116,100 USD

PRICE/SF

$3,116 USD /SF

# OF ROOMS

5

PRICE/ROOM

$623,220 {currency}

CAP RATE

9.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tofte Trails

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17 AC

LAND SF

740,520 SF

ZONING

-

APN/PARCEL ID

27-006-3410

ASK ABOUT THIS PROPERTY

Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

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Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.