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Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN 55744 Coldwell Banker Commercial Griffin Companies Michael N. Palm, Sr. Senior Vice President—Business Brokerage Group 612-904-7814 [email protected] PREPARED BY: Michael N. Palm, Jr. Business Broker—Business Brokerage Group 612-904-7818 [email protected] Business Brokerage Group

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Page 1: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

Wendigo Resort Conference Center & Golf

GRIFFIN COMPANIES

cbcgriffinbusinessbrokerage.com

FOR SALE 20108 Golf Crest Road Grand Rapids, MN 55744

Coldwell Banker Commercial

Griffin Companies

Michael N. Palm, Sr.

Senior Vice President—Business Brokerage Group

612-904-7814 [email protected]

PREPARED BY:

Michael N. Palm, Jr.

Business Broker—Business Brokerage Group

612-904-7818 [email protected]

Business Brokerage Group

Page 2: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

GRIFFIN COMPANIES PROPERTY NAME

cbcgriffinbusinessbrokerage.com

 2

Wendigo Resort Conference Center & Golf

THE PROPERTY

Wendigo Resort Conference Center & Golf 20108 Golf Crest Road Grand Rapids, MN 55744

PROPERTY SPECIFICATIONS

Property Type: Hospitality/Resort

Building Size: 75,000 SF

Land: 268+ acres

 County Itasca

LOCATION INFORMATION

Sale Price: $2,495,000

PRICE

PROPERTY DETAILS

We are pleased to present this great opportunity to

reopen this incredible resort property on 268+ acres in

Grand Rapids. Complete with banquet, conference and

kitchen to serve over 300+ guests. The property

includes a guest hotel/lodge with 40 guest rooms

including 8 suites with Jacuzzi tubs. There is a

separate lodge including restaurant, bar and pro shop.

The property needs investment to reopen as it was

fully winterized in 2014 and last operated in 2012.

There is also the opportunity to rebuild several

townhomes/duplex/quad residential units not included

in this list price. • Restaurant & Lounge • Bar & Grill • Ball room seats and serves up to 425 guests • Indoor/Outdoor wedding facilities • Nearby snowmobile trails leading to the Lodge • 5 miles of interlocking cross country ski trails • Few miles from shopping, museums, casinos

Page 3: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

GRIFFIN COMPANIES PROPERTY NAME

cbcgriffinbusinessbrokerage.com

 3

Wendigo Resort Conference Center & Golf

PROPERTY OVERVIEW

PROPERTY PHOTOS

Golf Course, Resort, Conference Center

Page 4: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

GRIFFIN COMPANIES PROPERTY NAME

cbcgriffinbusinessbrokerage.com

 4

Wendigo Resort Conference Center & Golf

PROPERTY OVERVIEW

PROPERTY PHOTOS

Restaurant & Lodging

Page 5: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

GRIFFIN COMPANIES PROPERTY NAME

cbcgriffinbusinessbrokerage.com

 5

Wendigo Resort Conference Center & Golf

MAPS & AERIALS

Page 6: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

GRIFFIN COMPANIES PROPERTY NAME

cbcgriffinbusinessbrokerage.com

 6

Wendigo Resort Conference Center & Golf

CONTACT INFORMATION

For more information, please contact:

Michael N. Palm, Sr. Senior Vice President—Business Brokerage Group COLDWELL BANKER COMMERCIAL Griffin Companies 6009 Wayzata Boulevard, Suite 1 Minneapolis, MN 55416 Phone: (612) 904-7814 Fax: (612) 338-5288 Mobile: (612) 819-0706 [email protected] Michael N. Palm, Jr. Business Broker—Business Brokerage Group COLDWELL BANKER COMMERCIAL Griffin Companies 6009 Wayzata Boulevard, Suite 1 Minneapolis, MN 55416 Phone: (612) 904-7818 Fax: (612) 338-5288 Mobile: (612) 991-3296 [email protected]

Page 7: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

Mike Palm, Sr. (right) and his son Mike, Jr. (left) received the #1 Bronze Circle of Distinction Award from President of Coldwell Banker Commercial, Fred Schmidt (middle), at the recent CBC Worldwide Conference in Las Vegas. In addition, Mike Sr. was recognized as the #1 Ranked Agent in Minnesota and was the #1 Ranked Agent in the Hospitality Market Segment in North America.

Page 8: Wendigo Resort Conference Center & Golf · Wendigo Resort Conference Center & Golf GRIFFIN COMPANIES cbcgriffinbusinessbrokerage.com FOR SALE 20108 Golf Crest Road Grand Rapids, MN

Leading the way in Name Recognition Coldwell Banker Commercial (CBC®) continues to remain an industry leader among commercial estate service providers. The results below detail the Coldwell Banker Commercial organization’s leadership position in aided brand awareness among readers of National Real Estate Investor (NREI) and The Wall Street Journal.

LEADER IN BRAND AWARENESS

Source: Base: Total respondents (1,231); independent market research firm Beta Research Corp., in conjunction with The Wall Street Journal’s marketing department, conducted this national survey among top and middle manager Journal subscribers responsible for their

organization’s corporate real estate purchase decisions. Fielded July-August 2011; 61% response rate. Based on a sample of 1,231

respondents with a margin of error of +/- 2.8% at 95% confidence level.

Source: Penton Media conducted the survey on behalf of the Coldwell Banker Commercial brand. The survey targeted commercial real estate developers, owners, managers and corporate users from 09/06/12 through 09/25/12. Based on a sample of 133 respondents with a

margin of error of +/- 8.4% at the 95% confidence level.

NREI: "Which commercial real estate companies have you heard of?"

The Wall Street Journal: “With which brands are you very / somewhat familiar?”