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Commercial:  Other
Built 1979
4 acres
Aitkin schools
MLS# 6026604
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    Description:   This is great opportunity to own a resort on lake Mille Lacs! This resort is located on the only natural harbor in Mille Lacs and it is spring fed! 32 RV sites, 26 boat slips, lodge, shed for boat storage, fish cleaning house, separate men and women bathrooms with showers are all included with the resort. The lodge features a pool table, hand carved oak log bar, dart board and is the perfect place for gatherings. The sunsets from the resort are absolutely breathtaking! Brand new floating doc was installed just last year. Do not miss your chance to own this amazing resort.
    List Price: $2,500,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Other
    Year Built: 1979
    City: Aitkin
    County: Aitkin
    State: MN
    Zip Code: 56431


    Building Fin Sq Ft: 1,792 sqft


    Heating System: Other
    Foundation Size: 1,120 sqft
    Shared Amenities: Beach, Boat Slip, Deck, Dock, Patio
    Handicap Accessible: None
    Exterior Material: Metal Siding
    Garage Spaces: 0
    Other Parking Spaces: 25


    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: Mille Lacs
    DNR Lake ID#: 48000200
    WF Frontage: 0
    Waterfront Slope: Gradual
    Lake Acres: 128226
    Lake Depth: 42


    Acres: 4
    Latitude: 46.35719228
    Longitude: -93.67919121
    Lot Size Dim.: 337x635x310
    Zoning: Business/Commercial


    School District: 8001
    District Phone: 218-927-2115


    Annual Caretaker Expense: None
    Annual Electric Expense: $1,500
    Annual Insurance Expense: $3,800
    Annual Maintenance Expense: $10,000
    Annual Gross Expense: $15,000
    Annual Trash Expense: $500

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $1,608
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,608


    Annual Gross Income: $81,800


    Annual Net Income: $66,800


    Total Units: 1


    Current Use: Resort, Event Space
    Fuel System: Electric, Propane
    Owner Occupied: No
    Sewer System: Private Sewer
    Available Utilities: Heating Separate
    Water System: Well

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    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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