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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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42206 438th Lane, Aitkin, MN 56431
STATUS: Active
PROPERTY TYPE: Commercial - Business
SCHOOL: Aitkin
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 4,100+ 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. 4,100+ 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 4.34% 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.
Property Features
Property Type: Commercial - Business Cooling: Central Air Fuel Type: Electric, Pellet, Propane Garage: 10 Heating: Boiler, Fireplace(s), Hot Water Lot Size: 63.20 Acres Roof Type: Age 8 Years or Less Stories: 2.0 Taxes: $2,660 Year Built: 1972
Feature Descriptions
Current Use: Resort
Days on Site: 339
Foundation Size: 2600
Lot: Accessible Shoreline, Cleared, Tree Coverage - Medium
Lot Dimensions: 63.2
Parcel#: 510008900
Parking: Detached Garage, Electric, Guest Parking, Heated Garage, Multiple Garages, RV Access/Parking
Road Frontage: County Road
Sale Includes: Building, Business, Fixture/Equipment
Sewer: Mound Septic, Septic System Compliant - Yes, Shared
Units: 1
Utilities: Electric Separate
Water: Drilled, Well
Waterfront: Lake Front
Listed By / Shown By
Agency Name: RE/MAX RESULTS
Agency Phone: 763-689-3577
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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42206 438th Lane | MLS# 6708553
This commercial property located at 42206 438th Lane, Aitkin, MN 56431 is currently listed for sale with an asking price of $1,450,000. 438th Lane is located within the Aitkin school district. Search Aitkin real estate on nanderson.counselorrealty.com today.