For Sale: Finland MLS# 6744391
Active
$2,500,000
Commercial: Other
9 br • 7 ba • Built 2020
10.27 acres
Lake Superior schools
MLS# 6744391
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Property Description
A rare opportunity to acquire a proven luxury short-term rental and legacy lakefront estate positioned in one of Northern Minnesota’s most desirable recreation markets near the North Shore and Lutsen. Following an exceptional 2026 winter season driven by snowmobile tourism and year-round destination demand, the property is already over 70% booked for the remainder of the 2026 calendar year across the existing rental cabins — showcasing the strength of the area’s tourism market and the increasing demand for luxury lodging inventory in this region.
Due to active guest reservations and ongoing income-producing occupancy, showings for the rental cabins are by appointment only and subject to guest schedules. Buyers are encouraged to inquire regarding showing availability.
Designed with both privacy and gathering in mind, the property offers an ideal setup for multi-family retreats, co-ownership opportunities, executive rentals, corporate retreats, or continued luxury vacation rental operations. Each of the three existing structures features its own unique layout, architectural character, and design aesthetic while still flowing cohesively together as a thoughtfully curated compound. This intentional approach creates a luxury hospitality feel while maximizing flexibility for both personal enjoyment and income generation.
In addition to the two highly successful existing rental cabins, the owner’s current private residence offers substantial future upside as a potential third luxury rental accommodation. Unlike many expansion opportunities that require years of planning and infrastructure costs, this structure is already completed, fully functional, and positioned for relatively seamless conversion into an additional income-producing asset if desired.
Future expansion opportunities are exceptionally rare in this area and include adjoining build-ready parcels already approved for commercial use. Existing conceptual plans allow for possibilities such as a restaurant/bar concept, boutique hotel suites, expanded lodging accommodations, or additional mixed-use development opportunities. Buyers may continue expanding the existing vision, create their own development concept, or potentially work with the current seller on future build completion opportunities if desired.
Adding to the long-term value, the property benefits from grandfathered short-term rental positioning — a highly desirable and increasingly limited asset in many North Shore-area markets. Investors seeking premium inventory in a constrained supply market will immediately recognize the significance of this opportunity and the difficulty in recreating a property of this scale, flexibility, and location today.
Surrounded by the breathtaking beauty of the Superior National Forest, the setting offers exceptional wildlife viewing, including moose sightings, endless outdoor recreation, and truly jaw-dropping sunset lake views that simply cannot be recreated. Nearby restaurants, trails, snowmobile access, hiking, boating, and proximity to the North Shore lifestyle continue to drive strong year-round tourism demand and guest appeal.
Constructed with luxury-grade materials, high-end craftsmanship, and timeless architectural design, the improvements were intentionally created to appeal to a broad luxury buyer profile while maintaining warmth, functionality, and durability. Major infrastructure components including septic systems, wells, and utility groundwork are already in place, significantly reducing future development costs and timelines. The additional lots are build-ready, creating immediate future upside without the typical development hurdles and infrastructure expenses.
Whether envisioned as a luxury investment property, private family compound, hospitality venture, boutique resort concept, or multi-generational legacy estate, this is an increasingly rare opportunity to control premium waterfront acreage with both immediate income generation and substantial future ups
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:
381
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.