Avay Up Nort

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Excellent small business for those looking for seasonal and low maintenance income with growth potential.

Campground for Sale – Itasca State Park area. Located right at the NW corner of Itasca State Park at the junction of Hwy’s 200 and 71 is Avay Up Nort Campground.

This 20 unit park is an excellent opportunity for the new entrepreneur looking to get into the MN Hospitality industry or the retiree looking to down size but still keep active and working with people. For the price of the home and the real estate alone, you can benefit from this location and growth potential.

Along with the 4+ bed, 2 bath home there are 2 other outbuildings; 1 a 24×26 heated shop and an insulated 32×24 garage with office area. The home is approx 2,000 sf. and was built in 1988. There are approx. 5.4 acres of land. Campground has it’s own shower house and septic system.

Currently, the campground is used as Itasca State Park RV overflow and short term stays. New owners would benefit to market to the local construction (pipeliners) use local advertising and take advantage of the high demand for RV sites in this area. Due to health, current owners just aren’t able to utilize its full potential so we are looking for a quick sale. Current rates are $25 a day or $120 per week. Much room for expansion and rate increase.

Campground Details

Price $174,900   Property Type Seasonal Campground
Address 11090 Norway Dr.   Lot Size / Acres 5.4ac
City Laporte   Hwy Frontage 600′
State MN   Lodge Sqft 250 +/-
Zip 56461   Lake Name NA
County Hubbard   Status For Sale

Financial Details

GOI $12,000   RE Taxes $1,280
SDE $   Insurance $2,200
ROI 24%   Terms Cash
Cap Rate 15%   Cash on Cash 28.1%

Home

Home Yes   Food Service No
Bed 4+   Liquor No
Bath 2   Beer No
Sq Ft 2,000 +/-   Wine No

Cabins & Campsite

Cabins NA   30 Amp. 10
20 Amp 4   Campsites 20
Water only 6   Seasonals None
Water/Elec. 14   RV Non-Seasonal 20
Bed 4+   Primitive 6

Dock & Water Systems

Dock NA      
Septic 2 Tank / DF      
Well 6″ sub. Drilled Water