42206 438th Lane
Aitkin, MN 56431
Price: $1,450,000
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 4.34% 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.
Basic Features:
| Style |
Resort |
| Type |
Commercial Sale |
| Zoning |
Business/Commercial,Residential-Single Family |
| Year Built |
1972 |
| School District |
Aitkin |
| County |
Aitkin |
| Lot Size |
63.2 |
| Acreage |
63.20 acres |
| Garage |
10 Car 24x40 - 60x100 |
| Lot Description |
Accessible Shoreline,Cleared,Tree Coverage - Medium |
| Number of Units |
1 |
| Lake Name |
Blind |
| Lake Depth |
17 ft |
| Water Frontage |
1,400 ft |
| Tax $ / Year |
$2,660 / 2024 |
| Tax ID |
|
| Legal Description |
|
Includes:
Building,Business,Fixture/Equipment,Other
Additional Features
| Government Programs |
|
| Section |
10 |
| Terrain Type |
|
| Roads |
County Road |
| Cooling |
Central Air |
| Driveway |
|
| Exterior Features |
Other |
| Foundation |
2600.00 |
| Fuel Source |
Electric,Pellet,Propane |
| Handicap Access |
None |
| Heating |
Boiler,Fireplace(s),Hot Water |
| Pool |
Above Ground |
| Roof |
Age 8 Years or Less |
| Sewer Service |
Mound Septic,Septic System Compliant - Yes,Shared Septic,Tank with Drainage Field |
| Water Service |
Drilled,Well |
| Water Heater |
|
| Parking Lot |
Detached Garage,Electric,Guest Parking,Heated Garage,Multiple Garages,RV Access/Parking |
| Exterior Construction |
|
| Utilities |
Electric Separate |
| Laundry |
N |
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