42206 438th Ln Aitkin, MN 56431

Price
$1,600,000
Listed On
Type
For Sale
Status
Active
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
Asking  $1,600,000

Snapshot

Type
For Sale
Category
Purchase
Property Type
Commercial Sale
Property Subtype
Other
MLS Number
6708553
Parcel Number
510008900
Property Sqft
Lot Size
63.20 acres
Year Built
1972
Year Updated
Bedrooms
0
Bathrooms
0
Full Bathrooms
0
3/4 Bathrooms
0
Half Bathrooms
0
Quarter Bathrooms
0
Lot Size (in sqft)
2,752,992
Price Low
-
Room Count
-
Building Unit Count
-
Condo Floor Number
-
Number of Buildings
-
Number of Floors
0
Parking Spaces
0
Location 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.
Legal Description
LOT 1
Franchise Affiliation
RE/MAX International
Special Listing Conditions
Auction
Auction
Bankruptcy Property
Bankruptcy Property
HUD Owned
HUD Owned
In Foreclosure
In Foreclosure
Notice Of Default
Notice Of Default
Probate Listing
Probate Listing
Real Estate Owned
Real Estate Owned
Short Sale
Short Sale
Third Party Approval
Third Party Approval

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.

More Details

MLS Name
Regional Multiple Listing Service of Minnesota [NorthStarMLS]
Source
ListHub
MLS Number
6708553
MLS ID
RMLSMN
Virtual Tour
PARTICIPANT
Name
Bill Jerikovsky, GRI
Primary Phone
(763) 248-1581
Key
3YD-RMLSMN-506016805
Email
bill.jerikovsky@results.net
BROKER
Name
RE/MAX Results
Phone
(952) 829-2900
OFFICE
Name
RE/MAX Results
Phone
(952) 829-2900
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Features

Basement
Basement
Dock
Dock
Elevator
Elevator
Fireplace
Fireplace
Greenhouse
Greenhouse
Hot Tub Spa
Hot Tub Spa
New Construction
New Construction
Pool
Pool
Sauna
Sauna
Sports Court
Sports Court
Waterfront
Waterfront
Architectural Style
Other
Other
Cooling
Central Air
Central Air
Exterior
Other
Other
Heating
Fireplace(s)
Fireplace(s)
Hot Water (Heating)
Hot Water (Heating)
Parking
Garage
Garage
Garage - Detached
Garage - Detached
Guest
Guest
Heated
Heated
RV
RV
Waterfront
Waterfront
Waterfront

History

DateEventPrice$/SqftSource
Listed For Sale$1,600,000 $∞RE/MAX Results
Report issue with price history

Taxes

YearAnnual AmountDescription
2024$2,660

Nearby Schools

High School

Aitkin Alternative Learning Program

8.6 miles away09 - 12

High School

Aitkin Secondary School

8.7 miles away07 - 12

Elementary School

Rippleside Elementary

9 miles awayPK - 06
Get more info on 42206 438th Ln, Aitkin, MN 56431
Profile
Bill Jerikovsky, GRI
Listing Agent
(763) 248-1581
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.
Profile
Bill Jerikovsky, GRI
Listing Agent
(763) 248-1581
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.