Property Information:

SVN | Northco is pleased to present the sale the Waters of Vermilion Lake Home and Resort Development ("Property"). The Property consists of 38 residential development lots that can be combined and are fully approved and entitled, along with community common elements on popular Lake Vermilion in northeastern Minnesota. This sustainable/green lake home community provides its residents with maintenance free living, allowing them to enjoy their time in the Minnesota Northwoods absent the maintenance concerns associated with ownership.

Property Highlights:

• The entire development or lots are available for sale. The stated

price is for the entire development.

• The Property is fully entitled as a residential lot development

project

• Over $3.3M of improvements have been invested in the Property

and infrastructure is in-place: roads, utilities, wells and sewer

connections to the Fortune Bay Casino treatment plant have

been installed

• There are several development scenarios that a new owner could

pursue: smaller, eco-friendly homes that fit into the existing plan

and/or tiny homes (a conservation development), and larger

"second" homes.