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Active
$3,650,000
/mo Edit
Commercial:  Resort
Built 1937
69 acres
International Falls schools
MLS# 6470058
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    Property Description

    Wikipedia reports that the shared Minnesota/Ontario border water of Rainy Lake (Ojibwe: gojiji-zaaga'igan) has a vast surface area of 360 square miles, 2, 568 islands, 1570 miles of extremely fishy shoreline and is so serene that it is home to Minnesota's Voyageurs National Park! One thing Wikipedia doesn't mention is that Thunderbird Lodge, the only full service year round resort on either side of the lake is now for sale! Sitting on 69 acres with approximately 1200' of waterfront and with newly added municipal sewer this iconic business is primed for expansion by adding more cabins, RV/Campsites and more! Currently the 15 deluxe lodgerooms, 10 cabins and a rental house will sleep 125 guests.The welcoming lakeside bar seats 60 (add 40 with the summer deck) while the dining room will accommodate 70 and the private banquet room 130. There are 100 boat slips and plenty of room to add more! Rental boats, snowmobiles are available if you don't have your own to explore this amazing wilderness!

    Listing

    Contingency: None
    City: International Falls
    County: Koochiching
    State: MN
    Property Style: Resort
    Zip Code: 56649

    Exterior

    Garage Spaces: 1
    Garage Size: 600 ft2
    Other Parking Spaces: 50
    Air Conditioning: Central Air, Wall Unit(s), Window Unit(s)
    Foundation Size: 10,318 ft2
    Handicap Accessible: Wheelchair Ramp(s)
    Heating System:
    • Baseboard
    • Fireplace(s)
    • Forced Air
    Parking Features:
    • Asphalt
    • Assigned
    • Attached Garage
    • Gravel
    • Guest Parking
    • RV Access/Parking
    • Unassigned
    Shared Amenities:
    • Beach
    • Boat Slip
    • Deck
    • Dock
    Exterior Material: Wood Siding

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Rainy
    Waterfront View: Bay, East, Harbor, Lake, North, Panoramic
    DNR Lake ID#: 69069400
    WF Frontage: 1100
    Waterfront Slope: Gradual
    Lake Chain Name: N
    Lake Acres: 210200
    Lake Depth: 161
    Waterfront:
    • Deeded Access
    • Dock
    • Lake Front
    • Lake View

    Lot & Land

    Acres: 69
    Geolocation: 48.598085, -93.185357
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Land, Leases, Liquor License
    Lot Dimensions: 1155 x 1070
    Addl Parcels: 0703224100, 0703231100
    Zoning:
    • Business/Commercial
    • Shoreline

    Schools

    School District: 361
    District Phone: 218-283-2571

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $20,179
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $30,878

    Units

    Total Units: 26

    Miscellaneous

    Current Use:
    • Bar/Tavern
    • Commercial
    • Event Space
    • Food Service
    • Recreational
    • Residential
    • Resort
    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Move it Real Estate Group/Lake.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.