For Sale: Finland MLS# 6744391
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Property Description
Luxury Boutique Resort | Short-Term Rentals | Build-Ready Lots | Commercial Expansion | Condo-Platted Flexibility
GRANDFATHERED IN FOR SHORT TERM RENTAL USE- VERY RARE OPPORTUNITY!!
2025 HAS OUTSTANDING OCCUPANCY FOR PROPERTIES THAT ARE USED FOR STR!
Discover a truly unique opportunity to own a turn-key lakeside resort development nestled on the pristine shores of Ninemile Lake in the heart of Finland, MN — where luxury meets adventure in the Superior National Forest.
This fully condo-platted development offers unmatched flexibility: operate as a high-end resort, sell units individually, or create a hybrid investment with both short-term rentals and build-to-sell options. Whether you're an investor, developer, or visionary owner-operator, this property is designed to grow with your goals.
3 Stunning Existing Homes With Unmatched Craftsmanship & Timeless Design
Crafted between 2015–2022 with exceptional quality and unique luxury layouts
Two homes operating as successful short-term rentals. One private residence, ideal for co-ownership or additional rental income. Expansive shared and private spaces, perfect for hosting families or groups. Breathtaking lake views and unforgettable sunsets
6 Build-Ready Lots. Condo-platted and primed for construction. Shared septic and well infrastructure already in place, dramatically reduced upfront costs for future builds. Bring your own builder or partner with the original builder/developer. Plus an additional Commercial Development Opportunity Double-sized lot approved for a bar/restaurant and motel. Ideal for a clubhouse, event center, boutique hotel, or fitness center. Pre-drafted architectural plans available
A Smart Investment with Multiple Paths to Profit. Operate a year-round luxury resort or Sell off individual homes and lots. Hold as a long-term STR portfolio with high demand in all seasons. Create a corporate retreat or co-ownership destination.
Why Ninemile Lake?
Located in a year-round adventure haven with boating, fishing, hiking, snowmobiling, skiing & more. Just minutes from the best of the North Shore.A true wilderness escape — with modern amenities, 1, 800+ feet of shared shoreline. Surrounded by the protected beauty of the Superior National Forest
They’re not making any more shoreline. This is your chance to own an extraordinary lakefront legacy — one that combines lifestyle, income, and long-term value.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,500,000
Property Type:
Commercial
City:
Finland
Garage Spaces:
4
County:
Lake
Year Built:
2020
State:
MN
Property Style:
Other
Zip Code:
55603
Subdivision Name:
Village/Ninemile
Interior
Bedrooms:
9
Bathrooms:
7
Ceiling Height:
Varied Heights
Flooring:
Carpet, Concrete Slab, Heavy Duty, Luxury Vinyl Plank, Luxury Vinyl Tile, See Remarks, Tile
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Dryer
- ENERGY STAR Qualified Appliances
- Freezer
- Fuel Tank - Rented
- Microwave
- Other
- Range
- Refrigerator
- Stainless Steel Appliances
- Tankless Water Heater
- Washer
- Wine Cooler
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Owner Access
- Shared Access
- Single Tenant Access
- Storage Space
- Tile Shower
- Walkout
Exterior
Garage Spaces:
4
Air Conditioning:
Ductless Mini-Split, Zoned
Foundation Size:
7,146 ft2
Fencing:
None
Handicap Accessible:
Other
Road Responsibility:
Association Maintained Road, Public Maintained Road
Heating System:
- Ductless Mini-Split
- Fireplace(s)
- In-Floor Heating
- Zoned
Parking Features:
- Assigned
- Electric
- Finished Garage
- Floor Drain
- Garage Door Opener
- Gravel
- Guest Parking
- Heated Garage
- Insulated Garage
- Multiple Garages
- Other
- Storage
- Units Vary
Unit Amenities:
- Balcony
- Boat Slip
- Ceiling Fan(s)
- Deck
- Dock
- Kitchen Center Island
- Kitchen Window
- Natural Woodwork
- Other
- Paneled Doors
- Panoramic View
- Patio
- Porch
- Security Lights
- Tile Floors
- Unspecified
- Vaulted Ceiling(s)
- Walk-In Closet
- Washer/Dryer Hookup
Road Frontage:
- Private Road
- State Road
Exterior Material:
- Concrete
- Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
- Pitched
Rooms
Shared Rooms:
- Amusement/Party Room
- Club House
- Community Room
- Exercise Room
- Other
- Play Area
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
Lake, Panoramic, West
WF Frontage:
1800
Elev Highpt to WF feet:
0-4
Waterfront:
- Association Access
- Dock
- Lake Front
- Lake View
- Other
- Shared
Lake Bottom:
- Gravel
- Hard
- Sand
- Soft
- Undeveloped
Lot & Land
Acres:
10.27
Geolocation:
47.572591, -91.079279
Inclusions:
Building, Business, Fixture/Equipment, Inventory, Land, Other, Rental License
Lot Dimensions:
"getting"
Zoning:
- Business/Commercial
- Lot
- Other
- Residential-Single Family
- Shoreline
Lot Description:
- Accessible Shoreline
- Additional Land Available
- BWCA Access
- Cleared
- Irregular Lot
- Property Adjoins Public Land
- Tree Coverage - Heavy
Farm
Topography:
Level, Scattered Timber, Walkout, Wooded
Schools
School District:
1544
District Phone:
2188348216
Expenses
Tenant Expenses:
Other, See Remarks
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,527
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,527
Units
Total Units:
10
Miscellaneous
Current Use:
- Hotel/Motel
- Other
- Recreational
- Residential
- Resort
Fuel System:
- Electric
- Propane
Owner Occupied:
Yes
Sewer System:
- Private Sewer
- Septic System Compliant - Yes
- Shared Septic
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
- Drilled
- Private
- Shared System
- Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Classic Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.