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PENDING! Bob's MOBILE HOME & RV Park in Garrison

Listed by Tim Miller


Property Description: PENDING! PRICE REDUCED TO $599,000 FROM $714,900! With a long standing history right in the crux of Garrison, purchasing Bob's Mobile Home & RV Park is a rare and exciting opportunity. The park has frontage on both Hwy 18 and Hwy 169, overlooking majestic Mille Lacs Lake. The park consists of 27 mobile home sites, 23 RV sites, an open campground, along with a pump house, shower house, and fish cleaning house. Property also has a pole barn, shed, apartment, garage/retail building plus a house with a garage and park offices. In excellent condition, this park provides an exceptional opportunity to an owner/investor looking to capitalize in the lakes area, while living in nature's northwoods paradise. Garrison is considered the hot spot on Mille Lacs Lake for fishing, shopping, dining, dancing and more - now its your turn to benefit from the locals and tourists alike.

Listing Details

mls: 4523966
Business Name: Bob's Trailer Park
CC File #: 1343
Type of Business: Mobile Home Park and RV & Camping Facility
Address: 9825 Hwy 169
City: Garrison
State: MN
Zip: 56450
Zoning: Commercial
PID#: 24100000003A889 & 24100000004A009
Lot Size : Acres: 10.35
Lot Dimensions: (Estimated from CWC GIS Website) 470' x 1510' x 320' x 675' x 125' x 470'
Building Size : Total Sq. Ft.: 9,443
Sale Price: $599,000.00
Original Price: $714,900.00
Price Note: PRICE REDUCED TO $599,000 FROM $714,900! Price includes the land, house/office, garage/retail building, apartment, pole barn, shed, shower house, pump house, fish cleaning house and 3 mobile homes.
Annual Cash Flow: $65,659.00
Cap Rate: 11%

Directions: From the Hwy 18 / Hwy 169 intersection in Garrison - Go north on Hwy 169 1,460 feet to the property on the left (west), or go north on Hwy 18 1,580 feet to the property on the right (east)
Property Features & Assets: House/Office: 2531 SF Main Level & 1252 SF Lower Level; Garage/Retail Bldg: 2280 SF; Apartment: 612 SF; Pole Barn: 1920 SF; Shed: 320 SF; Shower House: 384 SF; Pump House: 96 SF; Fish Cleaning House: 48 SF; 10 Tent Sites; 23 RV Sites; 27 Mobile Home Sites (3 Mobile Homes are included in the Sale).

Property Features

Water: Well
Sewer: City
Heating: Natural Gas Forced Air in the House/Office, Garage/Retail & Apartment
Cooling: Electric Ground Unit in the House/Office & Garage/Retail
Electric : Amps: 100 Amp in the House/Office & Apartment and 200 Amp in the Garage/Retail
Electric : Phase: Single
Lighting: Fluorescent
Construction: Wood Frame on the House/Office, Garage/Retail & Apartment
Foundation: Concrete Block on the House/Office, Garage/Retail & Apartment
Roof: Steel on the House/Office, Garage/Retail & Apartment
Exterior: Stucco on the House/Office; Steel & Wood on the Garage/Retail and Vinyl Siding on the Apartment
Traffic Counts: 6,000 - 6,600 on Hwy 18 and 3,800 on Hwy 169
Other: For additional photos, click on the View Photos link or View Brochure link above.
Confidentiality Agreement: Required for detailed Offering Memorandum containing Financials
Property Tax Year: 2017
Annual Property Tax: $10,275.00
Ceiling Height: 8' in the House/Office & Apartment and 8' - 10' in the Garage/Retail
Overhead Doors: House: 1 (16'W x 8'H); Garage/Retail: 1 (16'W x 8'H); Pole Barn: 1 (16'W x 10'H); Shed: 1 (8'W x 7'H)
Bathrooms: House: 2 (Main Level) & 1 (Lower Level); Apartment: 1
Utilities Available: Power: Mille Lacs Energy Co-op; Gas: Centerpoint Gas
Road Frontage: Approx. 470' along Hwy 169 and 320' along Hwy 18 and Approx. 470' of Mille Lacs Lake visibility along Hwy 169
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Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.