Commercial Real Estate Minnesota

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Superior Shores Resort/Conference Center & Burlington Bay Condominiums
1521 Superior Shores Drive
Two Harbors, MN 55616

SVN | Northco is pleased to present for sale the Superior Shores Resort and Conference Center and Burlington Bay Condominiums which are situated on approximately 30 wooded acres in Two Harbors, MN. Two Harbors, and the North Shore of Lake Superior more generally, are well-known Midwestern vacation destinations. Highway 61, which runs through the town of Two Harbors, connects Duluth with the rest of the destinations on the North Shore. Superior Shores and the Burlington Bay Condominiums are located in Two Harbors, MN on the shores of Lake Superior, which is the largest freshwater lake in the world. The Duluth/Two Harbors area, along with the North Shore, are premier vacation areas with a variety of activities including: Canal Park, the Duluth Lift Bridge, Gooseberry Falls, Skiing, Fishing, Hiking, Hunting, Golf, and much more. Two Harbors is located only 30 minutes north of Duluth and a mere 2.5 hours from the Twin Cities of Minneapolis/St Paul and its 4,000,000 residents. In addition, Two Harbors is located approximately 65 miles from Lutsen, MN (and the Lutsen Mountains ski area) and roughly 260 miles from Thunder Bay, Ontario.
Highlights

• Sale includes $10.50 million of Burlington Bay condo inventory and $7.20 million of Lodge condo inventory
• The hotel/resort business brings in in excess of $1.4 million in EBITDA. Existing facilities consist of a lodge suite hotel, conference center, bar & restaurant, lounge, indoor pools, luxury condos, plus many other amenities
• The Conference Center boasts 3,600 square feet of flexible meeting space and it is located next to the lake on the first floor of the Main Lodge. Dividing walls can be utilized to provide five individual meeting rooms, one large meeting room, or a combination of general session and breakout rooms to suit groups of 5 to 250
• All units in rental pool & RCI vacation platform - the largest vacation exchange network in the world
• The sale includes Kamloops Restaurant with its casual, family-friendly atmosphere. The restaurant includes the area's largest outdoor patio that features a spectacular view of Lake Superior
• Premier vacation area with a variety of activities including: Gooseberry Falls, Lift Bridge, Canal Park, skiing, fishing, hiking, hunting, & golf
• Additional PUD development land available for an additional $2MM - development land includes 1300' of shoreline that is approved for additional development which can include 68 additional condos, a 70 room hotel with indoor water park, conference center, theater complex, health spa, and retail
 
Summary

Price $17,450,000
Number of Rooms 234
Lot Size 30 Acres
Additional Photos

1521 Superior Shores Drive
Two Harbors, MN 55616
Map
For more information contact:
Frank Jermusek, JD
President / Managing Director
(O) 952.820.1615 | (C) 612.385.5546
frank.jermusek@svn.com
Edward Rupp
Senior Advisor
(O) 952.820.1634 | (C) 651.492.0563
edward.rupp@svn.com
Chris Kubesh
Senior Advisor
(O) 952.820.1668 | (C) 612.242.6443
chris.kubesh@svn.com
SVN | Northco Real Estate Services | 5353 Wayzata Blvd. Suite 400 | Minneapolis, MN 55416 | northco.com | 952.820.1600
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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