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Active
Listed
$4,500,000
/mo   Edit
MLS# 5334463
Commercial
Built 2013
60 acres
East Central schools
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    Description:   Fantastic Investment Opportunity! In business since 2007. This profitable campground has increasing revenue provided by the high demand for seasonal rentals, new cabin rentals, and weekend rentals booked for 2020. A 2021 projected cash on cash return of 27%, and a 2021 projected return on investment of over 33% with a 10% cap rate, make this campground a must-see. This premier campground is situated on 60 pristine acres with 226 seasonal and overnight sites with full hookups (sewer, water & 50amp electrical) plus 5 newly built private cabins that offer a complete family experience with amenities and activities. Amenities include a liquor store, general store, full-service restaurant & bar, boat shed, pole barn, indoor swimming pool, and hot tub. In addition, you can enjoy water sports such as kayaking, paddle boarding, or tubing on the man-made lake with a 3, 000 ft canal. There are also two giant playgrounds and a bike track with access to biking and 4-wheeling trails.
    List Price: $4,500,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 2013
    City: Askov
    County: Pine
    State: MN
    Zip Code: 55704

    Interior

    Building Fin Sq Ft: 15,362 ft²

    Exterior

    Heating System: Forced Air
    Foundation Size: 2,000 ft²
    Handicap Accessible: None
    Exterior Material: Vinyl
    Garage Spaces: 6
    Other Parking Spaces: 231

    Lot

    Acres: 60
    Latitude: 46.18377100
    Longitude: -92.72363000
    Lot Size Dim.: getting
    Zoning: Business/Commercial

    Schools

    School District: 2580 - East Central
    District Phone: 320-245-2289

    Expenses

    Annual Insurance Expense: $15,000
    Annual Gross Expense: $243,500
    Total Annual Expenses: $243,500
    Annual Trash Expense: $5,000
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $21,692
    Assessment Pending: No
    Taxes w/ Assessments: $21,702

    Income

    Annual Gross Income: $717,650

    Rent

    Annual Net Income: $474,150

    Unit

    Total Units: 231

    Miscellaneous

    Current Use: Recreational, Resort, Restaurant, Tavern/Lounge
    Fuel System: Propane
    Owner Occupied: Y
    Sale Includes: Business, Business Assets, Building, Land, Liquor License, Other, Rental License
    Sewer System: Private
    Utilities: Heating Separate
    Water System: Well

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Justin
    Larson
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    Zajac
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    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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