42206 438th Lane, Aitkin, MN
$1,600,000 - Blind Lake
5,120
Square feet
63.20
Acres
About 42206 438th Lane
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.
Features of 42206 438th Lane
MLS® # | 6708553 |
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Price | $1,600,000 |
Bathrooms | 0.00 |
Square Footage | 5,120 |
Acres | 63.20 |
Year Built | 1972 |
Type | Commercial |
Sub-Type | Resort |
Style | Resort |
Status | Active |
Contingency Type | None |
Lake Name | Blind Lake |
Community Information
Address | 42206 438th Lane |
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City | Aitkin |
County | Aitkin |
State | MN |
Zip Code | 56431 |
Amenities
Amenities | Dock |
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# of Garages | 10 |
Garages | Detached, Electric, Guest Parking, Heated Garage, Multiple Garages, RV Access/Parking |
View | Lake, Panoramic |
Is Waterfront | Yes |
Waterfront | Lake Front |
Has Pool | No |
Interior
Heating | Boiler, Fireplace(s), Hot Water |
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Cooling | Central Air |
Fireplace | No |
Has Basement | No |
Exterior
Lot Description | Accessible Shoreline, Cleared, Many Trees |
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Roof | Age 8 Years or Less |
Construction | Other |
School Information
District | Aitkin |
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Additional Information
Zoning | Business/Commercial,Residential-Single Family |
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Foreclosure | No |
Short Sale | No |
Taxes | $2,660 |
Tax Year | 2024 |
Office | RE/MAX RESULTS |
Listing Details
Office | RE/MAX RESULTS |
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