42206 438th LN Active Save Request In-Person Tour Request Virtual Tour
Aitkin,MN 56431
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,752,992 sqft
Price per Sqft $0
MLS Listing ID 6708553
Year Built 1972
Annual Tax Amount $2,660
Lot Size 63.200 Acres
Property Description
Turn-Key Lakefront RV Resort & Commercial Investment. Exceptional opportunity to acquire a highly profitable, fully operational RV resort located on over 1,500 feet of premier lake shoreline. This meticulously maintained property features 31 fully occupied season RV sites, a custom 5,000+ square foot lakefront residence, an onsite restaurant, and extensive supporting infrastructure, all positioned for immediate operation and future growth.
Property Features:
31 seasonal RV sites, each individually metered for electricity. Over 1,500 feet of direct lake frontage with two rentable dock systems. Restaurant currently operating 3.5 days per week, offering significant expansion potential. Multi-tiered septic system supporting RV park operations; separate septic systems for residence, restaurant and LOT 1. 5,000+ FSF custom lakefront home featuring recent updates: newer roof, siding, windows, major interior renovations, and an expansive master suite. 60x100 heated shop and 24x40 insulated garage for operational and personal use. Fully booked seasonal occupancy with strong repeat clientele.
Investment Highlights: 2024 financials support a 4.07% cap rate at current list price. Immediate growth potential through expansion of RV sites and increased restaurant/bar operating hours. Turn-key operation with established profitability. Fully operational and open for the 2025 season.
This asset presents a rare blend of stable cash flow, strong asset appreciation potential, and multiple avenues for additional revenue growth. It is well-positioned for either a hands-on owner/operator or a passive investor with an experienced management team.
Financial documentation available upon execution of a Non-Disclosure Agreement.
Location
State MN
County Aitkin
Interior
Heating Boiler,Fireplace,Hot Water
Cooling Central
Exterior
Parking Features Guest Parking,Multiple Garages,Detached Garage,Electric,Heated Garage,RV Access/Parking
Garage Spaces 10.0
Utilities Available Electric Separate
Roof Type Age 8 Years or Less
Building
Lot Description Accessible Shoreline,Cleared,Tree Coverage - Medium
Water Drilled,Well
Others
Virtual Tour https://my.matterport.com/show/?m=yeT7cTToDDH&mls=1