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42206 438th Ln, Aitkin, MN 56431
42206 438th Ln, Aitkin, MN 56431
Sold for $1,450,000
42206 438th Ln, Aitkin, MN 56431
Sold for $1,450,000
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

$1,450,000

CLOSED
Beds
Baths
Sqft
Acres
63.2
Year
1972
Close Date
May 21, 2026
Property Type
Commercial Sale
Sub Type
Date Listed
May 14, 2025

Description of 42206 438th Ln, Aitkin, MN 56431

Listing details for 42206 438th Ln, Aitkin, MN 56431 : 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 4,100+ 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. 4,100+ 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 Updated : 08-25-2026 at 5:05 AM CDT

Properties displayed may be listed or sold by various participants in the MLS

Source

NorthstarMLS as distributed by MLS GRID, MLS#: 6708553

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Property History

DateEventPrice
5/21/2026
Sold
$1,450,000
Source:NorthstarMLS #NST6708553
5/14/2025
Listed for sale
—
Source:NorthstarMLS #NST6708553

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Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
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