Building Details

Tenancy Multi

Listing Agency: The Real Estate Company Detroit Lakes

Listed By: Christopher Nord · License #MN 40429556 ND 10196

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 5:39AM

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Investment Insights

Based on property information with market context.

Albertson Lake MHC is a 31-lot mobile home community on a nearly 11-acre property overlooking Albertson Lake. The park owns 11 trailers, while the remaining sites operate on a lot-rent basis. Property improvements include a 30x30 shop with a full basement that serves as a storm shelter, along with city water and sewer.

The property has 580 FF along the lake and an asphalt-paved road updated in 2022. It is located in Frazee, just off Hwy 10 between Detroit Lakes and Frazee. Reported operating metrics include a 9 CAP and 11.42 Pro Forma.

Key Highlights

• 31 lots on a nearly 11‑acre mobile home community
• 580 FF overlooking Albertson Lake
• 11 trailers owned by the park; remaining sites are lot rents

Property Analytics

Current Use

Albertson Lake mobile ... Housing Society

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Auto Parts Store Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

109

Businesses Nearby

Explore this area Business Placement

Demographics for 56544, MN

5,361

Population

2,735

Households

2

Avg Household Size

41

Median Age

21%

College-Educated

93%

High-School Grad

198.0 sq mi

ZIP Area

27

Density / Sq Mi

$72,742

Median Household Income

$40,625

Median Earnings

$882

Median Rent

$235,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Community offers lake frontage, municipal utilities, and a separate shop with basement storage.

Where is this mobile home & rv park located?

The property is located at 512 Balsam Ave Frazee, MN.

What are key features of this property?

This property features: 31 lots on a nearly 11‑acre mobile home community; 580 FF overlooking Albertson Lake; 11 trailers owned by the park; remaining sites are lot rents