Lake Vermilion - Build-Ready Frazier Bay Lot! A rare opportunity on beautiful Lake Vermilion! This prime Frazier Bay lot offers 160 feet of shoreline and a level setting that's ideal for a walkout lake home or cabin. The site is fully prepped with fill and leveling already complete, plus a compliant 1,000-gallon septic system designed for a 3-bedroom home and electricity on site. Design your own dream build, or take advantage of a drafted spec home plan and available builder. Lake Vermilion is known for its crystal-clear waters, over 40,000 acres of recreation, and some of Minnesota's best fishing. Ready to build now or start fresh in the spring--lots like this are few and far between. Motivated seller looking to make a deal before year's end!