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
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
City Aitkin
County Aitkin
State MN
Zip Code 56431

Amenities

Amenities Dock
# 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
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Lot Description Accessible Shoreline, Cleared, Many Trees
Roof Age 8 Years or Less
Construction Other

School Information

District Aitkin

Additional Information

Zoning Business/Commercial,Residential-Single Family
Foreclosure No
Short Sale No
Taxes $2,660
Tax Year 2024
Office RE/MAX RESULTS

Listing Details

OfficeRE/MAX RESULTS

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