42206 438th LN, Aitkin, MN 56431 - MLS#6708553

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,600,000

Est. payment - /mo

2,752,992 SqFt

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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

Acres 63.2

Lot Dimensions 63.2

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

Direction From Aitkin stop light go north on County Rd 1 to a left on County Rd 22 to straight on County Rd 24 to a right on 430th Place follow road and stay right to the property on the end of 438th Lane.

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

Accessibility None

Total Parking Spaces 10

Building

Lot Description Accessible Shoreline, Cleared, Tree Coverage - Medium

Water Drilled, Well

Others

Senior Community No

Tax ID 510008900

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