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    8231 State Highway 114 Alexandria, MN 56308

    Sponsored
    For Sale
    $5,250,000

    32-Acre Lakeside RV Park & Cabins

    Property size:
    1 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 32-acre lakeside resort boasts 125 full-hookup RV sites, 11 cabins (2-5 bedrooms each with full kitchens and A/C), and a stunning 7-bedroom owner's home (3600 sq ft). Amenities include two swimming pools, a private boat launch, miniature golf, a meeting room, and a new playground. The property features approximately 1100 feet of Lake Mary frontage, offering breathtaking views and ample recreational opportunities. Most RV sites are seasonal rentals, with some available for nightly rentals, generating a lucrative income stream. All necessary equipment for resort operation is included, along with a new 40x80 shed added in 2024. Three cabins are winterized, presenting potential for year-round operation. The resort currently employs 11 part-time staff members and is situated just two hours from the Twin Cities in the desirable Alexandria lakes area. This turnkey operation presents a rare opportunity to acquire a well-established and profitable lakeside resort.

    Property Features for 8231 State Highway 114

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1 SF
    Lot Size
    1,393,920 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hotel & Motel Department Store Electrical Service Pawn Shop Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.50412
    Latitude
    45.81726

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    FAQs

    What type of property is this?
    Commercial real estate - 32-Acre Lakeside RV Park & Cabins
    Where is this commercial real estate located?
    The property is located at 8231 State Highway 114 Alexandria, MN.
    What is the asking price?
    The asking price for this property is $5,250,000.
    (320) 760-5427
    Request Owner's contact information
    8231 State Highway 114 Alexandria, MN 56308
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    Alexandria, MN 56308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8231 State Highway 114 Alexandria, MN 56308
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