Yours for $10M: Historic Lake Superior resort put up for sale

Who wants to buy a whole lot of North Shore land and property?
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It's more than 130 years old, has a perfect location on beautiful Lake Superior a few miles from the Lutsen ski area, and is up for sale for a shade under $10 million.

We're talking about the Lutsen Resort on Minnesota's stunning North Shore, that on Tuesday was listed as for sale for $9.95 million.

For the money, you get 50 acres of land, hundreds of feet of beach shoreline, and a 43,000-square-foot resort with a swimming pool, ballroom, restaurants, and 209 rooms capable of sleeping a combined 700 guests.

Located about a 90-minute drive northeast of Duluth, it is described by commercial real estate advisors SVN as a "profitable resort with an unparalleled history."

The accommodation is sprawled across a combination of the historic main lodge, and a mixture of cabins, condos, villas and townhomes.

And because of its proximity to Minnesota's biggest ski resort – Lutsen Mountain a few miles up the road – as well as Superior National Golf Course and the hiking wonderland that is the Superior National Forest, it's a popular destination year-round.

(It should be noted, the Lutsen Ski Resort is not included in the sale – it's operated by a different company).

The resort had humble beginnings in 1885, when Swedish immigrant Charles Axel Nelson built a homestead that would become known as Lutsen, and 14 years later built a house that included hotel rooms on the second floor, according to a sale brochure.

Its main log cabin was destroyed twice by fire – in 1948 and 1951 – and it was sold to current owners Nancy Burns and Scott Harrison in 1988, since then the resort has added townhomes, lakeside log cabins, and river condos.

CityPages notes famous guests over the years include Chicago gangsters John Dillinger and Al Capone, tycoons Nelson Rockefeller and Otto Bremer, and Mayo Clinic founders Charles and Will Mayo.

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