Resorts For Sale in MN

See our listings for Minnesota resorts on the market.

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Let us know what you are looking for and how we can help you close your targeted acquisitions. SVN | Northco is a nationwide leader in the hospitality industry, and the experts at our firm are continuously in touch with owners of resort properties.

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How to Sell Your Resort

We can help you plan your exit strategy and assist with all aspects of the sales process. We'll help you understand the value of your property and make recommendations to maximize its saleability.

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Thumper Pond Resort

Thumper Pond Resort

300 Thumper Lodge Road, Ottertail, MN 56571
$5,900,000
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SVN | Northco is pleased to present for sale the Thumper Pond Resort in Ottertail, MN ("Property"). This one-of-a-kind offering features a 78-room hotel, bar and restaurant (Willy T's Tavern & Grill), 18-hole championship golf course, activity center (waterpark), event venue, 26-unit RV park and additional development land. There is truly something for everyone at this resort. Located about three hours from the Twin Cities Metro, this picturesque property was carved out of 90,000 Red Pine trees in between the popular Otter Tail and Buchanan Lakes. Experience the culture and charm of the Northwoods at Thumper Pond.
Location Information
The property is located in the city of Ottertail, MN in between Otter Tail Lake and Buchanan Lake. Situated on over 200 acres, the property is carved out of 90,000 red pines in the heart of Minnesota lakes country. The Property is conveniently located between two major highways intersections, MN Hwy 78 and MN Hwy 108. The area provides access to multiple lakes which include, Otter Tail, Portage, Donald, Long Lake, Buchanan and Pelican Bay for fishing, swimming, boating and other fun water sports. The town of Ottertail is bordered to the west by Otter Tail Lake, the largest lake in Otter Tail county and the tenth largest lake that is completely within the borders of Minnesota (according to the Minnesota Department of Natural Resources). Otter Tail Lake is approximately 13,726 acres. Ottertail is located in a region with hundreds of lakes that is well known for recreational activities such as hunting, fishing, camping, ATVing, snowmobiling, canoeing, boating, and a variety of other motorsports. The town has something for everyone including arts and culture, history and museums, shopping and dining options. Distances from larger cities include: Fargo, ND: 75 miles southeast of Fargo Minneapolis, MN: 170 miles northwest of Minneapolis Duluth, MN: 180 miles west of Duluth Saint Paul, MN: 189 miles northwest of Saint Paul Local airports include, Detroit Lakes Airport (36 miles), and Brainerd Lakes Regional Airport (73 miles). International airports include Hector International Airport (85 miles), Minneapolis-Saint Paul International Airport (187 miles), Duluth International Airport (195 miles).
Pike Bay Lodge

Pike Bay Lodge

9422 Hearthside Drive, Tower, MN 55790
$2,495,000
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SVN | Northco is pleased to present Pike Bay Lodge for sale, located on one of Minnesota's most popular lakes, Lake Vermilion. This unique destination resort is open year-round, has 30 gorgeous acres with 500+ feet of shoreline, and offers a wide variety of lodging accommodations for guests to choose from. The main house was built in 1920 as a summer estate for industrialist A.B. Coates and his family, followed by the log caretaker’s cottage, butler's bungalow, chauffeur’s quarters and vintage boathouse. The resort offers multiple amenities and activities for guests to enjoy including hunting, fishing, clean fish house, safe sand beach, on-site boat launch with ample parking, free docking for boats, power stations on docks for charging, gas, wifi, covered boathouse slips, access to snowmobile trails in the winter and much more. There are also about ±21.4 acres of development land included in the sale for additional units, tiny homes, glamping, RV sites, amenities, etc.
Location Information
The Property is located on Pike Bay on Lake Vermillion in the heart of Minnesota's Arrowhead Region; a mere 24 miles north of Virginia, MN, 90 miles north of Duluth, and 220 miles north of the Twin Cities Metropolitan Area. Pike Bay is the southernmost bay of Lake Vermilion, and thus is the closest area of the lake to the Twin Cities. Lake Vermilion is Minnesota's fifth largest lake with over 40,000 acres of water, 365 islands, and over 1,200 miles of pristine shoreline. It was voted by National Geographic as one of the most scenic lakes in the United States, and it is located between the Superior National Forest and Voyageurs National Park, and is the gateway to the Boundary Waters Canoe Area. Area attractions include Tower Soudan Mine, Ironworld Discovery Center, Fortune Bay Casino, The North American Bear Center, Vince Shute Bear Sanctuary, Vermilion Falls, U.S. Hockey Hall of Fame, International Wolf Center, shopping, dining, hiking, biking, bird watching, golf, snowmobiling, skiing, fishing and hunting. Distances from larger cities include: Duluth, MN - 90 miles north of Duluth Minneapolis/ Saint Paul, MN - 220 miles north of Minneapolis/ Saint Paul Fargo, ND - 250 miles east of Fargo Airports in close proximity include, Range Regional Airport (45 miles) and Falls International Airport (85 miles). Nearby International airports include, Duluth International Airport (85 miles) and Minneapolis-Saint Paul International Airport (220 miles).
Lakefront Opportunity Zone Investment in Popular Vacation Area

Lakefront Opportunity Zone Investment in Popular Vacation Area

P.O. 80078 Waters of Vermilion Road, Tower, MN 55790
$1,795,000
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SVN | Northco is pleased to present for sale the Waters of Vermilion Lake Home and Resort Development ("Property"). The Property consists of 41 development lots and community common elements on popular Lake Vermilion in northeastern Minnesota. This sustainable/green lake home community provides maintenance free living, allowing you to enjoy your time in the Minnesota Northwoods without the maintenance concerns associated with ownership.
Location Information
The Property is located on Pike Bay on Lake Vermillion in the heart of Minnesota's Arrowhead Region; a mere 25 miles north of Virginia, MN, 95 miles north of Duluth, and just 200 miles north of the Twin Cities Metropolitan Area. Pike Bay is the southernmost bay of Lake Vermilion, and thus is the closest area of the lake to the Twin Cities. Lake Vermilion is Minnesota's fifth largest lake with over 40,000 acres of water, 365 islands, and over 1,200 miles of pristine shoreline. It was voted by National Geographic as one of the most scenic lakes in the United States, and it is located between the Superior National Forest and Voyageurs National Park, and is the gateway to the Boundary Waters Canoe Area. The Twin Cities of Minneapolis-Saint Paul make up the 16th largest MSA in the United States with a population of approximately 3,600,000 inhabitants.
Big Balsam Camp Resort & Campground

Big Balsam Camp Resort & Campground

45683 Big Balsam Camp Road, Bovey, MN 55709
$1,495,000
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SVN | Northco is pleased to present the sale of Big Balsam Camp Resort & Campground, which is located on Big Balsam lake in in Bovey, MN, just 30 miles north of Grand Rapids, and approximately 3 hours north of the Twin Cities by car ("Property"). This beautiful property includes approximately 30 acres of land, a variety of different cabins that have been recently remodeled, RV sites, and a permanent residence with 4 bedrooms, 2 full bathrooms, and a finished walk out basement. This is a great opportunity for an owner-operator that is looking to take over a long-running resort, or for a private estate with additional income potential (or with additional guest cabins to accommodate family gatherings).
Location Information
Big Balsam Camp is located in Bovey, Minnesota 30 miles north of Grand Rapids and approximately 3 hours north of the Twin Cities by car. Bovey, MN, provides small town values, guided growth, preservation of historical, cultural, and natural heritage. The Property is located on Balsam Lake which features some of the best fishing in northern Minnesota - the lake is known for it's northern, bass and bluegill fish supply. The lake is connected and accessible to 7 other fine fishing lakes and is the perfect camp getaway. Distances from Larger Cities: Duluth, MN - 77 miles northwest of Duluth Minneapolis, MN - 160 miles north of Minneapolis St. Paul, MN - 163 miles north of St. Paul Fargo, ND - 177 miles northeast of Fargo Local airports include, Hibbing, MN (30 miles) and Eveleth, MN (45 miles). Nearby International airports include, Duluth International Airport (77 miles) and Hector International Airport (199 miles).

Minnesota Resorts

When looking for your next new beachfront resort, you may want to start searching a little further north from the equator. From gorgeous lakefronts and sandy beaches to the beauty of the Northwoods, Minnesota is an incredible destination for a romantic getaway, a friends trip, or a family vacation. 

Countless beautiful properties line the North Shore along Lake Superior and all throughout Minnesota. In the land of 10,000 lakes, Minnesota is literally home to thousands of pristine lakes throughout the state. There's no shortage of stunning vistas, activities, and experiences that draw in guests from all over year after year. 

Not only does the scenery rival tropical destinations, but Minnesota resorts are often more affordable than overseas locations, easier to travel to, and require far less logistics and planning. Most Minnesota resorts are only a couple hours drive from the main city centers Minneapolis and St. Paul, allowing vacationers to easily get away for a weekend trip or plan for a longer stay.

Plus, northern locations like Minnesota will likely become even more popular for out-of-state guests who want to escape the heat of summer, particularly in southwestern states where temps can reach unbearable levels. With scorching temperatures, nothing will seem quite as good as enjoying a warm, Minnesotan summer evening, relaxing next to a cool lake.

Year-Round Possibilities

Minnesota resorts offer a haven for outdoor enthusiasts, from miles of hiking and bike trails to championship golf courses and water-skiing, boating, tubing, kayaking, canoeing, fishing, and more.

In the winter, at many resorts the the trails turn into cross-country ski and snowshoeing paths and the lakes offer ice fishing and snowmobiling, allowing guests to enjoy many Minnesota resorts all year round. 

In summers, Minnesota lakes, the Northwoods, and lush state parks provide a welcome respite not only from the heat, but from the bustle of daily life as guests find themselves immersed in nature and surrounded by tranquil beauty. In winter, Minnesota resorts transform into cozy lodges, allowing guests to still enjoy a great vacation even in the colder months.

Family Vacations

With endless outdoor recreation and activities, resorts in Minnesota are perfect for family vacations, offering experiences that the entire family, from young children to older grandparents, can all participate in. Once families find a resort they love, they tend to stick with what they know will be a guaranteed great vacation.

Families return again and again, creating new traditions and memories for their kids who will then come back with their own kids to recreate and pass on those great experiences. Not only do you create loyal guests and thereby consistent revenue, but helping to create lifetime memories and watch families grow up can be incredibly rewarding. 

Resort Varieties

Minnesota resorts are also great at accommodating a variety of different types of resorts. For instance, you’ll find many resort properties that offer a more rustic experience with a campground or number of remote cabins secluded in the woods. At the same time, you’ll see luxury properties that include every amenity imaginable, offering guests a deluxe vacation.

With Minnesota properties, many combine different unit types to provide both rustic and luxury options. Guests can choose to stay in the main lodge with every comfort, while others can choose a secluded cabin further from the main buildings, but also have access to every amenity. 

With various resort possibilities, Minnesota resorts make a great investment, offering flexibility, more opportunities to expand, and attracting a wide pool of guests. Before you decide on a property, consider which resort type you’d like to pursue.

If you want a secluded, classic up-north cabin experience, you’ll want to look for a property surrounded by plenty of greenery and thick forest. Look to surrounding resorts to see which ones found success with a particular model and also which ones struggled. This can give you a good idea on which direction to take your own resort.

Where to Start?

Tourism is huge in Minnesota. As of 2020, pre-Covid, the tourism industry in Minnesota is a $16 billion business, adding over a billion dollars in sales tax revenues. Hospitality and tourism will only continue to grow.

To get started, Minnesota has a number of hospitality networks and associations to help guide you as you begin searching for your new Minnesota resort property. 

Community of Minnesota Resorts

Community of Minnesota Resorts is a resort and campground association focused on “Resorters Helping Resorters”. They provide a slew of resources including a platform to ask each other questions, seminars, and a strong legislative presence that advocates for the hospitality industry and resort owners.

Hospitality Minnesota

The Minnesota Lodging Association, Minnesota Resort and Campground Association, and the Minnesota Restaurant Association merged together to form Hospitality Minnesota, an organization that offers support, connects businesses, and advocates for the health and interests of the hospitality industry.

Chambers of Commerce

Additionally, local Chambers of Commerce are great at helping you better understand the communities in the area of your resort, provide marketing opportunities, and can assist in promoting local hospitality and businesses.

With scenic beauty, great outdoor recreation, and year-round attractions, Minnesota is a fantastic resort destination with endless opportunities to grow.

Looking For Buyer Representation?
SVN Northco can help you find the resort that you're looking for. See our Buyer Representation Services.

Sportsman's Lodge

Baudette, MN
Sold

Sportsman's Lodge

Baudette, MN
Sold
Sportsman's Lodge

Odyssey Resort Portfolio

North Shore of Lake Superior
Sold

Odyssey Resort Portfolio

North Shore of Lake Superior
Sold
Odyssey Resort Portfolio

Ruttger's Bay Lake Resort

Deerwood, MN
Sold

Ruttger's Bay Lake Resort

Deerwood, MN
Sold
Ruttger's Bay Lake Resort

Quarterdeck Resort

Nisswa, MN
Sold

Quarterdeck Resort

Nisswa, MN
Sold
Quarterdeck Resort

University of St. Thomas - Gainey Conference Center

Owatonna, MN
Sold

University of St. Thomas - Gainey Conference Center

Owatonna, MN
Sold
University of St. Thomas - Gainey Conference Center

Bluefin Bay Family of Resorts

Tofte, MN
Sold

Bluefin Bay Family of Resorts

Tofte, MN
Sold
Bluefin Bay Family of Resorts

Wild Eagle Lodge

Eagle River, WI
Sold

Wild Eagle Lodge

Eagle River, WI
Sold
Wild Eagle Lodge

Lutsen Resort

Lutsen, MN
Sold

Lutsen Resort

Lutsen, MN
Sold
Lutsen Resort

Four Seasons Island Resort

Pembine, WI
Sold

Four Seasons Island Resort

Pembine, WI
Sold
Four Seasons Island Resort

Gunflint Lodge

Grand Marais, MN
Sold

Gunflint Lodge

Grand Marais, MN
Sold
Gunflint Lodge

Clamshell Beach Resort

Pequot Lakes, MN
Sold

Clamshell Beach Resort

Pequot Lakes, MN
Sold
Clamshell Beach Resort

Mantrap Lodge

Park Rapids, MN
Sold

Mantrap Lodge

Park Rapids, MN
Sold
Mantrap Lodge

Resort, Golf & Hotel Services

See Our Services
Odyssey Resort Portfolio

"Your access to qualified buyers and your management of the sales process was excellent."

Robert L. Ryan
CEO/Seller, Odyssey Resorts
Odyssey Resort Portfolio

"SVN | Northco was an invaluable resource throughout the process."

T.J. McMillan
CEO/Owner - Blackburn Investment Management
Ruttger's Bay Lake Resort

"The entire SVN | Northco team ensured a smooth transaction that has left us with an asset that we couldn’t be happier with."

Patrick Egan
Principal, 1898 Investments, LLC, Buyer
Odyssey Resort Portfolio

"Your firm was great to work with and your assistance in getting this very complex transaction closed is greatly appreciated."

Bill and Kirk Schultz
Investor/Management Company, Madison Hospitality Group
Maxwell Mansion

"Without a doubt, our acquisition would not have been as successful and coordinated without the SVN Northco team's dedication."

Luke and Monica Pfeifer
Principals, Adventure Hospitality
Cote Family Destinations

"We have appreciated the knowledge and sophistication that SVN | Northco has brought to the table."

Scott Siler
CEO, Cote Family Companies
Lutsen Resort

"We look forward to working with SVN Northco in the future to find us our next acquisition."

Bryce Campbell
President of North Shore Resort Company & Campbell Hospitality Group, Buyer
Ruttger's Bay Lake Resort

"Thanks to SVN for guiding Ruttger’s forward for future generations of guests.”

Chris Ruttger
Previous Owner and Great Grandson of the Founder, Seller
Lutsen Resort

"We were very pleased with their depth of experience with Midwest resorts."

Scott Harrison
Owner of Lutsen Resort, Seller
Wild Eagle Lodge

"I cannot say enough good things about SVN | Northco."

Curt Bradley
Owner, Seller
University of St. Thomas - Gainey Conference Center

"Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

Mark Vangsgard
Vice President for Business Affairs and CFO for University of St. Thomas, Seller
Four Seasons Island Resort

"We will surely use the services of SVN in the future."

Mark Bodnar
Pembine Hospitality Management, LLC, Buyer
Pine Mountain Resort

"SVN | Northco Real Estate Services presented us with what turned out to be the perfect property for our objective."

Mark Bodnar
Pine Mountain Operations, LLC & TimberStone® Operations, LLC, Buyer
Bluefin Bay Family of Resorts

"SVN Northco was professional and knowledgeable surrounding selling the top tier Minnesota Resort property."

Joe Swanson
Partner, BFB Management, Buyer
Clamshell Beach Resort

"SVN | Northco was able to understand and explain all the moving parts to buyers and ultimately close a complex sale for buyer and seller."

David and Lisa Moe
Owners of Clamshell Beach Resort, Seller
Clamshell Beach Resort

"The knowledge and professionalism that the entire SVN | Northco team displayed ensured a smooth transaction that has left us with an asset that we couldn’t be happier with."

Patrick Egan
President of Navigator Real Estate, Buyer
Gunflint Lodge

"SVN | Northco was extremely responsive, professional, efficient, and effective throughout the entire process."

Bruce Kerfoot
Owner, Seller
Superior Shores Resort & Conference Center

"We plan to continue working with them for years to come."

Joe Re
Owner, Seller
Timber Creek Golf Course

"The SVN | Northco team was engaged, professional, and ensured a smooth transaction."

Phil Kotula
Owner, Seller
Bluefin Bay Family of Resorts

"I highly recommend the SVN Northco team to anyone considering buying or selling a resort property."

Dennis Rysdahl
Owner of Bluefin Bay Family of Resorts, Seller

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"Your access to qualified buyers and your management of the sales process was excellent."

Robert L. Ryan
CEO/Seller, Odyssey Resorts

"We have appreciated the knowledge and sophistication that SVN | Northco has brought to the table."

Scott Siler
CEO, Cote Family Companies

"Thanks to SVN for guiding Ruttger’s forward for future generations of guests.”

Chris Ruttger
Previous Owner and Great Grandson of the Founder, Seller

"I cannot say enough good things about SVN | Northco."

Curt Bradley
Owner, Seller

"Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

Mark Vangsgard
Vice President for Business Affairs and CFO for University of St. Thomas, Seller

"SVN | Northco was able to understand and explain all the moving parts to buyers and ultimately close a complex sale for buyer and seller."

David and Lisa Moe
Owners of Clamshell Beach Resort, Seller

"SVN | Northco was extremely responsive, professional, efficient, and effective throughout the entire process."

Bruce Kerfoot
Owner, Seller

"We plan to continue working with them for years to come."

Joe Re
Owner, Seller

"The SVN | Northco team was engaged, professional, and ensured a smooth transaction."

Phil Kotula
Owner, Seller

"I highly recommend the SVN Northco team to anyone considering buying or selling a resort property."

Dennis Rysdahl
Owner of Bluefin Bay Family of Resorts, Seller
SVN | Northco Advisors

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