For Sale: Aitkin MLS# 6708553
Active
NEW!
$1,600,000
Commercial: Resort
Built 1972
63.2 acres
Aitkin schools
MLS# 6708553
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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
Listing Status:
Active
Contingency:
None
List Price:
$1,600,000
Property Type:
Commercial
City:
Aitkin
Garage Spaces:
10
County:
Aitkin
Year Built:
1972
State:
MN
Property Style:
Resort
Zip Code:
56431
Interior
Ceiling Height:
8-10
Exterior
Stories:
Two
Garage Spaces:
10
Garage Dimensions:
24x40 - 60x100
Garage Size:
960 ft2
Other Parking Spaces:
50
Air Conditioning:
Central Air
Foundation Size:
2,600 ft2
Foundation Dimensions:
50x52
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Fireplace(s)
- Hot Water
Parking Features:
- Detached
- Electric
- Guest Parking
- Heated Garage
- Multiple Garages
- RV Access/Parking
Shared Amenities:
Dock
Road Frontage:
County Road
Exterior Material:
Other
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Blind
Waterfront View:
Lake, Panoramic
DNR Lake ID#:
01018800
WF Frontage:
1400
Waterfront Slope:
Gradual
Lake Chain Name:
N
Lake Acres:
323
Lake Depth:
17
Waterfront:
Lake Front
Lot & Land
Acres:
63.2
Geolocation:
46.658423, -93.742831
Inclusions:
Building, Business, Fixture/Equipment, Other
Lot Dimensions:
63.2
Zoning:
- Business/Commercial
- Residential-Single Family
Lot Description:
- Accessible Shoreline
- Cleared
- Many Trees
Farm
Topography:
Gently Rolling, Level
Schools
School District:
8001
District Phone:
218-927-2115
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,660
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,660
Units
Total Units:
1
Miscellaneous
Current Use:
Resort
Fuel System:
- Electric
- Pellet
- Propane
Owner Occupied:
Yes
Sewer System:
- Mound Septic
- Septic System Compliant - Yes
- Shared Septic
- Tank with Drainage Field
Available Utilities:
Electric Separate
Water System:
- Drilled
- Well
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Listing provided by RMLS,
courtesy of RE/MAX RESULTS.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.