The sale price is $395,000. For more information and to schedule a showing contact:

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Katrina Murphy
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1 Tofte Hus Tofte, MN This 2+ acre commercial parcel is located on the North Shore of Lake Superior in Tofte, Minnesota. The view from this land is incredible, overlooking Lake Superior with approximately 370 feet of Hwy 61 frontage making it very accessible. It is about one hundred feet to the shore of Lake Superior, and across Highway 61 is an outfitter with outdoor equipment to rent. The Sawbill Trail begins in Tofte giving access to the BWCAW. There is access to snowmobile trails just across Highway 61and it is about 8 miles to the Lutsen Ski Area. The entire lot is flat, which is very rare on the North Shore. There is also very good gravel for the new owner to install a septic system, compared to much of the North Shore where the ground is solid rock. Currently there are septic holding tanks and there is a good well on the property. The buildings are unfinished on the interior and waiting for you to design it to suit your purpose. This was originally a single family home location and in 1999 was sold on a contract for deed and the construction/remodel began to convert it to a wedding facility complete with Chapel building, party building, equipment/storage building and plenty of room in the yard for receptions, etc. This went on till 2012, when in default, it went back to the previous/current owner s family unfinished. The back of the main building faces Highway 61 and the front faces south toward the Tofte Park and Lake Superior. This three-story building has the stud walls and is mostly insulated. The first floor has an open floor plan with bathrooms plumbed and a kitchen area plumbed. The second floor has plumbing installed for a hot tub and bathroom and stud walls. The third floor is an open space. All three floors need interior walls and flooring. The electrical is mostly finished in this building. The east building is two-story and lies on the east side of the property facing Lake Superior. This two-story building has in-floor heat in the slab, is mostly insulated and has the stud walls and wiring ready to finish. The main floor has been divided into rooms with stud walls. The electrical is in and the plumbing is in the slab. This building just needs interior walls and flooring. The west building is a one-story building on a slab and is mostly complete with windows on both the north and south sides. The south side faces the Tofte Park and Lake Superior. The interior is mostly finished with beautiful timbers and light fixtures and scenes painted on the walls. The electricity is in. There is a fireplace on the west end of the building and great doors which open to the courtyard. These doors are finished to match the ceiling timbers. This property is next to the one-lane park road and right across from the beautiful Tofte Park with a quarter mile of Lake Superior shoreline with the local boat launch, pavilion, rock shoreline and concrete bridges built by the original settlers. Tofte is approximately 80 miles northeast of Duluth and is noted for its popular resort, Blue Fin Bay. Area businesses participate in promotional advertising of their businesses and area activities through the Lutsen-Tofte Tourism Association. The Lutsen-Tofte Tourism Association web site can be accessed at Tofte has experienced exceptional commercial and residential growth over the years. This commercial property would lend itself to overnight rental housing, construction of bait store, short order restaurant, or any number of uses.

2 The sale price is $395,000. For more information and to schedule a showing contact: Steve Bragg, Certified Business Intermediary Arrowhead Office 158 Evergreen Road Lutsen, MN Telephone: Fax: sbragg@boreal.org

3 Calhoun Companies -Arrowhead Office 158 Evergreen Rd, Lutsen, MN OWNER S STATEMENT Type of Business: Commercial Property SIC: #1000 Business Name: Tofte Hus Type of Ownership (Corp., etc.) : S Corp Address : 7226 W Hwy 61 City : Tofte Cty.: Cook State: MN Equipment List: None Included Seller/s agree/s to work w/buyer for: As needed Equipment Lease to be Assigned: None Reason for Sale: Other Interests Income Period: N/A Yrs. Established: 2000 Yrs. Present Owner: 2012 Gross Sales $ Own./Mgr Sal $ Building Owned: YES Type of Building: Frame Lessor/Property Owner Cost of Good $ Fringes $ Gross Profit $ Interest $ Oper. Exp. $ Depreciation $ Building Size: 4000 Sq ft Lot Size: 2+ Acres Net before Other $ Lease Expires Option Rent/month $ Net or Gross ASSETS INCLUDED IN SALE (estimated current market value) Inventory At cost $0 Amt. Floor Planned $ tax & adj. $ Tot. adj.net $ Hours Owner Works: # of Emp. FT: PT: Hours Open: Closed What Licensees Reg: N/A Is there any legal action pending or threatened against business or Accounts Rec. $ property? NO Fixtures & Equip. $0 Price: $395,000 Land & Bldgs $465,400 Assessed Terms: Cash Sale Other $ % Interest Rate: Terms on Balance: Seller s Signature: Seller s Signature: Date: Date: Describe Business: Beautiful location in Tofte Minnesota with 370 feet of Hwy 61 frontage overlooking Lake Superior. Approximately 4000 square feet in 3 buildings needing finishing with only the Tofte Park before the water, make this the ideal location for a variety of retail operations that can take advantage of all the traffic/exposure next to Bluefin Bay Resort. All information furnished to Calhoun Companies is from sources judged to be reliable; however, no warranty or representation is made as to its accuracy or completeness. Business is subject to price change, prior to lease withdrawal from market, all without notice.

Cook County Tax Parcel Finder App August 19, 2016 TaxParcels 1:1,128 0 0.0075 0.015 0.03 mi 0 0.015 0.03 0.

4 Cook County Tax Parcel Finder App August 19, 2016 TaxParcels 1:1, mi km Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and Cook County, MN Cook County, MN

6 Parcel Report Parcel Number: General Information Taxpayer Name: TOFTE HUS INCORPORATED Mailing Address: C/O MARY LOCKWOOD 1395 ARDEN VIEW DR ARDEN HILLS MN Property Information Property Address: 7226 W HWY 61 Plat Name: Short Legal: PART LOT 1 AKA PARCELS A & B *The brief legal description is for informational purposes only and does not necessarily represent the full property description. Deeded Acres: 2.15 Lake Name: Front Feet: 0.00 Hometead?: No Assessment Information (2015 Assessor Market s For Taxes Payable in 2016) Class Code - Description S/T/R: Section: 28 Township: 59 Range: 4 W Land Est Bldg Est Total Est Land Taxable Building Total Taxable Taxable 151 Non-Comm Seasonal Residential Recreational $74,900 $390,500 $465,400 $74,900 $390,500 $465,400 Sales Information CRV # Buyer Seller Purchase Price Sale Date (yyyymm) 2649 JUDKINS TOFTE, ETAL $160, Building Information Number Type Sub-Type Description Year Built Stories Bedrooms Bathrooms Gross Bldg Area CAMA Bldg 1 RES 1-3 HOUSE $152,784 2 RES 1-3 LIVING/STR $171,500 Date Generated: 8/19/ :27:38 AM

3 RES 1-3 CHAPEL 2001 0 0 1 672 $63,006 4 OTH STORAGE 8X10 SHED 0 0 0 0 1 $800 5 OTH STORAGE 9X10 SHED 0 0 0 0 1 $800 6 OTH STORAGE 7X8 SHED 0 0 0 0 1 $800 7 OTH OUT HOUSE BIFFY 0 0 0 0 16 $0 8 OTH

7 3 RES 1-3 CHAPEL $63,006 4 OTH STORAGE 8X10 SHED $800 5 OTH STORAGE 9X10 SHED $800 6 OTH STORAGE 7X8 SHED $800 7 OTH OUT HOUSE BIFFY $0 8 OTH STORAGE WELL HOUSE $ Tax Information (Below are Taxes Payable 2016) Delinquent: No Net Tax: $4, Special Assessments: $0.00 Total Tax and Assessments: $4, Payment Parcel Report Parcel Number: Due Date: Paid: Amount Due: 1st Half 2nd Half May 15th October 15th DISCLAIMER This data is intended to be used for informal purposes only. It is not intended for use in abstract work, land surveys, title opinions, appraisals, or other legal documents or purposes. For up-to-date and/or certified information, the user should contact the Cook County Auditor at Cook County does not guarantee the accuracy of the material herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. Date Generated: 8/19/ :27:38 AM

$229, /- Acres. Craven County, NC. Aaron Sutton Office: Cell: Fax:

$229, /- Acres. Craven County, NC. Aaron Sutton Office: Cell: Fax: farmland@with development potential 22 +/- Acres Craven County, NC $229,000 National Land Realty 3906-A Arendell Street Morehead City, NC 28557 www.nationalland.com Aaron Sutton Office: 855.384.5263 Cell: