Caribou Highlands Lodge

371 SKI HILL ROAD

LUTSEN, MN 55612

PRICE: $5,995,000
NUMBER OF ROOMS: 170
BUILDING SIZE: 23,000 SF
PROPERTY TYPE:
Hospitality
TOTAL LOT SIZE: 46.16 Acres

Highlights:

  • 15.71% Cap Rate Year Round Operation
  • Total of 170 Keys – Resort Sleeps 800 People
  • Located on Lutsen Mountains with Ski In / Ski Out Units
  • Established and Growing Vacation Area with Lutsen Mountains Planning a $40MM Expansions and Superior National Golf Course Just Completing it’s $4MM Renovation
  • Indoor Pool, Outdoor Pool (Seasonal), 2 Spas, 2 Saunas, Fitness Center, and Numerous Onsite Amenities
  • Resort Management Available From Odyssey Resorts

Description:

Frank Jermusek and SVN | Northco are pleased to present their striking new hospitality listing, the Caribou Highlands Lodge.

Caribou Highlands Lodge is an all-season resort nestled in the heart of the Sawtooth Mountains in legendary Lutsen, MN. The resort is a highly profitable operation year-over-year with a 36+ history of providing best-in-class accommodations on the North Shore of Lake Superior. The mountain views from the lodge rooms, condos, townhomes and spacious four-bedroom Poplar Ridge log homes are unique in providing ski-in ski-out access to Lutsen Mountains, close proximity to the newly renovated Superior National Golf Course, and central access to all that the North Shore has to offer.

Caribou Highlands is a Minnesota resort located just 90 minutes northeast of Duluth along Lake Superior’s North Shore on Highway 61. A little more than 4 hours from the Twin Cities, it’s an easy drive. Interstate 35W north out of Minneapolis takes you all the way through Duluth to Highway 61. Follow Hwy 61 north to the resort (approx. 90 miles).

 

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