Little Norway Resort Cooperative

A Cooperative is a corporation owned by the owners of the shares. Little Norway Resort is a resort that has been incorporated and is in the process of selling its shares (cabins), as each cabin is a share. The resort property, other than the cabins, is owned in common and each share holder owns a share of all common property. This includes the land, lodge, playground, swim beach, boats, motors, etc. The common expenses such as property taxes, insurance, manager’s salaries, maintenance of common property, etc. are paid in common through a monthly assessment. A governing board is elected at the annual meeting and oversees the operation of the property. Each owner has one vote in the affairs of the organization. The manager is responsible for the day to day operation of the resort such as putting in the docks, turning on and draining the water, managing the rental program, etc. The owners may use the cabins as much as they choose and when not in use by owners, may be placed in the rental pool and rented by the manager. The manager receives a percentage of the rent in the exchange for services such as cleaning and preparing the cabins for rent.

A beautiful setting with over 1700’ of shared shoreline. A total of 21 cabins are in this "cooperative" development with several regular cabins sold already. There are some regular cabins as well as A-frame cabins available for purchase at this time. Amenities include exclusive ownership of your cabin, all resort grounds' maintenance, boat, dock, beach, & Jacuzzi plus an "on-site" property manager to rent your cabin when you wish. Priced from $190,000. Seller financing terms: $25,000 down, 6% interest over 25 years to qualified buyers.

If you wish information about becoming an owner of a cabin at Little Norway Resort Cooperative please contact us via email at lnorway@wcta.net or by phone @ (218) 732-5480. Please ask for Charles or Sissel Brandon.