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154 Acres of Former 3M Wonewok Corporate Retreat Sell for $4 Million
Dave Billion aims to preserve the historic retreat for corporate use, including his own company, after acquiring 190 acres for $4 million from 3M last month.
- On Nov. 13, South Dakota businessman Dave Billion completed a $4 million purchase of 3M's Wonewok Conference Center and 190 acres on Big Mantrap Lake near Park Rapids, Minn.
- The secluded lakeshore oasis had long been accessible only to 3M employees and customers, as 3M acquired and operated the Wonewok Conference Center for decades before its sale listing.
- County records list the four parcels and commercial buildings at $10,056,800 with 36 fully appointed guest rooms, six cottages, and a gross combined building area of 58,622 square feet.
- Billion plans to keep the site as a corporate retreat, including for Billion Automotive with 16 dealerships, and aims to reopen it while maintaining 3M's upkeep standards.
- In March, conservation groups acquired 450 acres from 3M for $5.38 million, transferring parcels to the Minnesota Department of Natural Resources for the new Mantrap Lake Wildlife Management Area, while four of five parcels sold privately.
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Billion Real Estate Holdings buys most of former 3M corporate retreat in northern Minnesota
PARK RAPIDS, Minn. — A Sioux Falls company has purchased more than 150 acres of a former corporate retreat in northern Minnesota owned by 3M. Billion Real Estate Holdings LLC of Sioux Falls has acquired 154.25 of the available 187.2 acres. According to the Minneapolis-St. Paul Business Journal, the $4 million deal closed on Nov. 13. The title was recorded on Dec. 8, according to the Hubbard County Property Records Department. The county’s total …
·Worthington, United States
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Total News Sources16
Leaning Left1Leaning Right6Center4Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
C 36%
R 55%
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