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  • Price$1,550,000
  • Beds3
  • Baths3
  • SQ. Feet1,152
  • Acres8.00
  • Built1930

4296 Arrowhead Point Rd, Tower

Growing marina and cabin rental business centrally located on Lake Vermilion. The business was established in the early 1930's and has experienced a resurgence since the current owners took over in 2014. The new ownership group has upgraded much of the infrastructure and has seen steady revenue growth as a result. The property includes 8 acres, approx 1100 ft of lakeshore, docks with 60+ slips, general store, bottle shop, bait, fuel, boat/engine repair, and year-round boat storage. Also included are 5 rental cabins (4 are 4-season), all of which have been refurbished since 2014. Two pole buildings offer over 12,000 SQFT of space for long & short term boat storage. The nearly 2000 SQFT historic building offers possibilities for restaurant development for sale or lease. Check the document section at the top of the page for additional information.

Essential Information

  • MLS® #6029509
  • Price$1,550,000
  • Bedrooms3
  • Bathrooms3.00
  • Square Footage1,152
  • Acres8.00
  • Year Built1930
  • TypeCOMMERCIAL
  • Sub-TypeBusiness Opportunity
  • StatusACTIVE

Amenities

  • AmenitiesBoat Docks
  • Parking Spaces12
  • ParkingAttached Garage, Detached Garage, Heated Garage, Uncovered/Open, Driveway - Gravel
  • Is WaterfrontYes
  • WaterfrontLake

Exterior

  • ExteriorMetal, Vinyl, Wood
  • RoofAsphalt Shingles, Metal
  • ConstructionSteel, Frame/Wood

Listing Details

  • Listing OfficeColdwell Banker Properties North

Community Information

  • Address4296 Arrowhead Point Rd
  • AreaTower
  • CityTower
  • CountySt. Louis County
  • StateMN
  • Zip Code55790

Interior

  • HeatingPropane, Electric, Baseboard, Forced Air
  • CoolingCentral, Window
  • FireplaceYes

School Information

  • DistrictSt. Louis County #2142

Price Change History for 4296 Arrowhead Point Rd, Tower, MN (MLS® #6029509)

Date Details Change
Price Increased from $1,525,000 to $1,550,000 $25,000 (1.64%)
Price Increased from $1,495,000 to $1,525,000 $30,000 (2.01%)
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IDX information is provided by Superior Area Association of REALTORS® exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.