89405 Jack Pine Rd - Hospitality FOR SALE


Cornucopia, WI 54827
$2,250,000 USD
952-820-1615
89405 Jack Pine Rd, Cornucopia, WI for Sale
$2,250,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

89405 Jack Pine Rd
Cornucopia, WI 54827


HIGHLIGHTS

  • Luxury Bed and Breakfast offering 4 charming rooms plus an owner's quarters, 8 beds / 8 baths total
  • 7,500 SF lodge with elegant finishes, brownstone wood-burning fireplace, balconies and an expansive deck and magnificent views of the lake
  • 10+ acres of land located 3.5 hours from the Twin Cities and 1.5 hours from Duluth, MN
  • 580’ of shoreline on beautiful Lake Superior, the largest of North America's Great Lakes
  • Continue as a bed and breakfast or establish a generational family estate, this piece of paradise offers breathtaking views and endless possibilities

OVERVIEW

SVN | Northco is pleased to present Siskiwit Bay Lodge ("Property"), a luxury destination on Lake Superior in Cornucopia, WI. The Property consists of 5.88 acres and 580’ of shoreline on beautiful Lake Superior. Notably, the Property is part of the Jack Pine Forest, which has never been logged before and contains large white cedar, red cedar, hemlock, and other species of trees creating breathtaking scenery in all directions. Siskiwit Bay Lodge has four luxurious bedrooms to choose from with many amenities including a gas fireplace, a lakeside balcony with chairs and a side table, private bathrooms, and much more. There is also an owner's quarters, bringing the total of the lodge to 8 bedrooms and 8 bathrooms. Additionally available is the adjacent lot of 4.6 acres for future expansion. Although the property is currently operated as a lodge, the property's quality and size make it suitable for a range of future uses, including but not limited to, a private estate or family compound, a corporate retreat, or further development on the additional acreage available.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$262 USD /SF

# OF ROOMS

8

PRICE/ROOM

$281,250 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Siskiwit Bay Lodge

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

11

LAND DETAILS

LAND ACRES

10.53 AC

LAND SF

458,693 SF

ZONING

Shoreline

APN/PARCEL ID

04-010-2-51-06-27-4 05-002-11000,04-010-2-51-06-27-4 05-002-21000

ASK ABOUT THIS PROPERTY

Frank JermusekSVN | Northco Real EstateMore Info
952-820-1615

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Frank JermusekSVN | Northco Real EstateMore Info
952-820-1615

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