1. Minnesota
  2. Aitkin
  3. 42206 438th Lane
$1,600,000

42206 438th Lane, Aitkin, MN 56431

  • 5,120 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon63.2acre lot
  • Property Parking Icon 10 car garage
  • Property Price Per Square Feet Icon $313/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
RE/MAX RESULTS : 763-689-3577
MLS ID:
6708553
  • A/C: Central Air
  • Heating: BoilerFireplace(s)Hot Water

This listing courtesy of RE/MAX RESULTS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rippleside Elementary

225 2nd Ave SW, Aitkin, MN, 56431

Grades KG-6

8.92 miles away

A

Aitkin High School

306 2nd St NW, Aitkin, MN, 56431

Grades 7-12

8.49 miles away

A

Aitkin High School

306 2nd St NW, Aitkin, MN, 56431

Grades 7-12

8.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.