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$200,000 Prime Lake Development Manitoba-Need Investor or Outright Sale - $200000 (Pelica in Grand Forks, North Dakota

Price: $200
Type: Land
State: North Dakota  City: Grand Forks  Category: Land
Land in North Dakota

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Cottage Grove is an 80 acre Master Planned community at Pelican Lake, Manitoba. The lake is about 30 mins from the International Border/Peace Gardens. The property has a meadow bisected by a treed valley and a plateau about 200 feet above the town with amazing town, lake, valley and sunset views. The property is located in the town of Ninette with sewer, power and phone adjacent to the property. There are engineered plans for 52 lots in the meadow and another 52 conceptual on the plateau. There is one groomed walking trail on the property with a direct connection to the beach, yacht club and boat launch. A natural playground is partially completed. We have 7 subdivided lots (2 sold) with another 7 conditionally approved and an improved gravel road for lot access. The entire property has been rezoned to allow for residential and commercial. We are looking for a 50% investment partner with a $200,000 investment that will take out an institutional loan and get our show home put on a permanent foundation to be sold as a spec home. We will also consider an outright sale of the property for $675,000. An appraisal of the property before re-zoning, subdivision, road and park improvements, engineering, etc was $405,000. This is a special opportunity to invest in a rare development opportunity in close proximity to North Dakota. Contact by mail or phone for more information, pictures and discussion.

Prime Lake Development Manitoba-Need Investor or Outright Sale - $200000 (Pelica