42206 438th Lane Aitkin, MN 56431 - Blind
Active Contingent MLS# 6708553
5,120 sq ft Commercial
Details for 42206 438th Lane
MLS# 6708553
Description for 42206 438th Lane, Aitkin, MN, 56431 - Blind
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 4.34% 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.
Listing Information
Property Type: Commercial, Resort
Status: Active Contingent-Sale of Another Property
Lot Size: 63.20 Acres
Square Feet: 5,120 sq ft
Year Built: 1972
Foundation: 2,600 sq ft
Garage: Yes
Stories: 2 Stories
Number Of Units Total: 1
Current Use: Resort
County: Aitkin
Days On Market: 219
Construction Status: Previously Owned
School Information
District: Aitkin
Utilities
Water: Well, Drilled
Sewer: Mound, Shared System, Tank with Drainage Field, Septic System Compliant - Yes
Other Utilities: Electric Separate
Cooling: Central
Heating: Propane, Hot Water, Fireplace, Electric, Boiler, Pellet
Exterior / Lot Features
Garage Spaces: 10
Open Parking: 50
Parking Description: Detached Garage, Electric, Heated Garage, Guest Parking, RV Access/Parking, Multiple Garages, Garage Dimensions - 24x40 - 60x100, Garage Sq Ft - 960.0
Exterior: Other
Roof: Age 8 Years or Less
Pool: Above Ground
Lot View: Lake,Panoramic
Lot Dimensions: 63.2
Zoning: Business/Commercial,Residential-Single Family
Topography: Gently Rolling, Level
Additional Exterior/Lot Features: Accessible Shoreline, Tree Coverage - Medium, Cleared, Land Inclusions - Building,Business,Fixture/Equipment,Other, Road Frontage - County
Out Buildings: Out Buildings
Waterfront Details
Standard Water Body: Blind
DNR Lake ID: 01018800
Water Front Features: Lake Front
Water Frontage Length: 1,400 Ft.
Lake Acres: 323
Lake Depth: 17 Ft.
Waterfront Slope: Gradual
Driving 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.
Financial Considerations
Tax/Property ID: 510008900
Tax Amount: 2660
Tax Year: 2024
HomeStead Description: Homesteaded
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 42206 438th Lane
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 42206 438th Lane
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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