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465 Westover Rd - Superior Gateway Lodge 4,566 SF Specialty Building Offered at $1,915,155 CAD at a 1.05% Cap Rate in Two Harbors, MN 55616
Executive Summary
In 2025, the owners only booked 17 of 52 weeks electing to limit income to meet their personal family and travel preferences so plenty of potential to expand occupancy and revenue.
Also availale are 2 addtional lots - 10 acre and 20 acre lots with deed easement access to the north of the lodge 10 acre parcel.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,915,155 CAD | Lot Size | 10.00 AC |
| Price Per SF | $419.44 CAD | Building Size | 4,566 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 1.05% | Year Built/Renovated | 2004/2025 |
| Sale Condition | Business Value Included | Parking Ratio | 1.75/1,000 SF |
| Property Type | Specialty | Corridor | Interior |
| Building Class | B |
| Price | $1,915,155 CAD |
| Price Per SF | $419.44 CAD |
| Sale Type | Investment |
| Cap Rate | 1.05% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 10.00 AC |
| Building Size | 4,566 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2025 |
| Parking Ratio | 1.75/1,000 SF |
| Corridor | Interior |
About 465 WESTOVER RD , TWO HARBORS, MN 55616
The Lodge is simply stunning, built with over 80 hand-hewn, locally sourced Pines and a matching garage to boot! The property is a small sample of the majestic northern woods. Property has a small pond with a fire pit to enjoy the night sky and roast marshmallows. You can also see more info on the property at www.superiorgatewaylodge.com. The guest loft above the 2 car garage is also available and can accommodate up to 4 guests just 100 ft away from the main lodge. For winter guests the lodge is 1 mile from the CJ Ramstad/North Shore State Trail entrance so bring your trailer and snowmobile right from the lodge. Lodge and Guest Cottage sleep up to 12 guests (if not owner occupied) with a new mound septic system installed in 2022. 1000sqft wrap around deck and indoor/outdoor fireplace in 2021. New Roof on the main lodge in 2025 and Generac 24kw Generator and Daikin 3 ton multi zone A/C systems installed in 2025.
Property Taxes
| Parcel Number | 25-5311-17925 | Total Assessment | $1,623,703 CAD |
| Land Assessment | $94,164 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,529,539 CAD | Tax Year | 2025 |
Property Taxes
Presented by
Imm Holdings
465 Westover Rd - Superior Gateway Lodge
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