Contract For Deed Lake Vermilion is a freshwater lake in northeastern Minnesota.

The lake contains black crappie, bluegill, brown bullhead, largemouth bass, muskellunge, northern pike, sunfish, rock bass, smallmouth bass, tullibee, walleye, white sucker, and yellow perch.Lake Vermilion is known for its walleye and muskie fishing. In the spring of 2005, Lake Vermilion was host to the annual Minnesota Governor’s Fishing Opener Weekend. Some fish consumption guideline restrictions have been placed on the lake’s bluegill, cisco, crappie, northern pike, walleye, and white sucker due to mercury contamination. Many feel the increased population of muskies has had a detrimental effect on the walleye population, although some believe the walleye fishing when the walleye slot limit changed (18″ to 26″) and the bag limit was reduced (from 6 to 4) in recent years. However, as the population rebounded, a new special regulation for walleye came into effect in May 2017. The new regulation is a 20 to 26 inch protected slot limit, with one fish over 26 inches allowed in a four fish possession limit

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