IRON HORSE RESORT—$659,000.00—REDUCED!! 3.5 acres, m/l. Over 500 feet frontage on GRAND LAKE. Deep, clean water fed
by Elk River. Ten minutes
from GROVE. Directions:
3 miles
east of downtown GROVE on Highway 10, thence turn north at Bryant’s
Corner Store and go three miles on Highway 10, thence turn east at large IRON
HORSE sign and go 1.5 miles east on E. 260 Road. All highway or blacktop
access. Panoramic views of GRAND
LAKE. Lakefront point, limestone coves on either side. 3,200 sq.ft.
2-kitchen 2-story LAKE HOME with full-length patio and custom deck on
lakeside, has 4+ bedrooms, 2 & 1/2 baths, huge stone FP, some wood
floors, stainless appliances & new custom tile & quartz counters in
kitchen, undercounter sink, new heavy-duty Anderson patio doors. Great for
extended family or as 6th
rental unit, the upstairs of LAKE HOME
is a beautiful apartment with interior access (custom spiral staircase) as
well as private deck access, with second full kitchen, full bath, living and
dining rooms, 2 large bedrooms. LAKEFRONT PERMITTED FOR 3-SLIP COVERED BOAT
DOCK AND ADDITIONAL 5-6 BOAT SLIPS. Lake Home by itself apart from Resort,
appraised in Dec. 2008 for $445,000.00 25900
S. 667 Road. ALSO: (1) Approx. 2,400 sq.ft. 2-story like-new COMMERCIAL BUILDING with 3 half-baths plus plumbed room for 4th
full bath, beautiful beamed interior with custom paint, wood blinds, leather
booths & chairs, ready for equipment of choice, has 400 amps electric all
in conduit, seats approx. 55; also has walled patio, 2-room Loft with wood
floor, laundry/storage room, storm/wine cellar, 3 kitchen areas, and abundant parking. PERFECT FOR FOOD SERVICE, CATERING, SHOP,
STUDIO, OFFICE, or HOME BUSINESS; (2) 4-8 RV or MOBILE HOME SPACES with 50-amps hookups & septics, can earn
$1,000.00/month on RV rentals; & (3) FIVE
RENTAL BUNGALOWS and CABINS,
currently earning $2,500.00/month. Rentals are upscale and in immaculate condition, with full kitchens,
washers, dryers, living rooms, decks, new paint, flooring, window treatments,
appliances, fixtures, tile, etc. Great current income on long-term leases to
quiet no-smoking, no-pet tenants; could produce much more as nightly resort rentals or B &B. New
blacktop driveways. City water through Rural Water District. All electric.
DEQ-approved septic systems. Resort is 2 blocks from public launch/ramp/picnic/fishing
area. Owner/Broker. Across from Resort,
very nice, deed restricted, all owner-occupied 7-Lot mobile home park has
first right-of-refusal as each Lot comes up for sale, this right conveys with
sale of Resort.
