42206 438th Lane, Aitkin, Minnesota 56431

MN, Aitkin
$1,500,000
  • Commercial Sale Property Type
  • 1972 Year Built
  • Active Status
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Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
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. 60×100 heated shop and 24×40 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 Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6708553
  • Price: $1,500,000
  • View: Lake,Panoramic
  • Year Built: 1972
  • Waterfront Yn: 1
  • Listing Status: Active
  • Office Name: RE/MAX RESULTS
  • Property Sub Type: Resort
  • Roof: Age 8 Years or Less
Features
  • Heating System Hot Water,Boiler,Fireplace(s)
  • Cooling System Central Air
  • Parking Detached,Heated Garage,Multiple Garages,Guest Parking,Electric,RV Access/Parking
  • Utilities Electric Separate
  • Waterfront Features Lake Front
  • Sewer Septic System Compliant - Yes,Shared Septic,Tank with Drainage Field,Mound Septic
Address Map
  • Country US
  • State MN
  • County Aitkin
  • City Aitkin
  • Zipcode 56431
  • Street: 438th
  • Street Number: 42206
  • Street Suffix: Lane
  • Longitude: W94° 15' 25.8''
  • Latitude: N46° 39' 30.3''
  • Directions: From Aitkin stop light go north on County Rd 1 to a left on County Rd 22 to straight on County Rd 24 to a right on 430th Place follow road and stay right to the property on the end of 438th Lane.
Neighborhood
  • High School District: Aitkin
MLS Addon
  • Office Name: RE/MAX RESULTS
Additional Information
  • Water Body Name: Blind
  • Water Source: Well,Drilled
  • Accessibility Features: None
  • Association Amenities: Dock
  • Building Size: 5120
  • Construction Materials: Other
  • Current Use: Resort
  • Garage: 10
  • Levels: Two
  • Lot Features: Cleared,Accessible Shoreline,Many Trees
  • Lot Size Dimensions: 63.2
  • Number Of Units Total: 1
Financial
  • Tax Annual Amount: 2660
Listing Information
  • List Agent Mls Id: 506016805
  • List Office Mls Id: 40571
  • Modification Timestamp: 2025-07-18T13:57:03Z
  • Originating System Name: NorthStar
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