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!