42206 438th Lane Aitkin, MN 56431

$1,600,000
Active
Resort  |  MLS # 6708553
Active
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About The Listing

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 courtesy of Bill Jerikovsky, GRI, RE/MAX RESULTS
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1972
MLS #: 6708553
Garage Spaces: 10
Parking Description: Detached, Electric, Guest Parking, Heated Garage, Multiple Garages, RV Access/Parking
Sewer Description: Mound Septic, Septic System Compliant - Yes, Shared Septic, Tank with Drainage Field
Air Conditioning Type: Central Air
Water: Drilled, Well
Heat Type: Boiler, Fireplace(s), Hot Water
Construction Description: Other
Roof Description: Age 8 Years or Less
Days On Market (Continuous): 198
Disability Features: None
Latest Update: 05/15/2025
List Date: 05/14/2025
Listing Agent ID: 506016805
Listing Office: RE/MAX RESULTS
Listing Office ID: 40571
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Dimensions: 63.2
Lot Size: 63.2 Acres
Lot Features: Accessible Shoreline, Cleared, Many Trees
View Description: Lake, Panoramic
Waterfront: Lake Front
School District: Aitkin
Tax Year: 2024
Estimated Taxes: $2,660
Contingency Type: None
City: Aitkin
Zip: 56431
County: Aitkin
State: MN
Listing last updated: 05/15/25

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