Pelican Hills RV Campground
SALE PENDING
Cash flowing seasonal park in great tourism area. Park runs at very high occupancy and is only 45 minutes from Fargo, ND. Grounds include convenience store w/ gas, groceries and bait, community center, shower house(s) maintenance garage and rental cabin.
Business consists of 14 mobile home sites, 3 tent sites, 157 FHU RV sites (30/50 amp service, TV, Phone, DSL (individual buy) and concrete wheel pads available), 14 MH sites, 3 primitive, 120+ boat parking spaces. Total of 175 sites.
Abreviated equipment list includes: 2003 Jinma Diesel 28 HP tractor, 2001 New Holland LS 170 Deisel Skid Steer, 4 riding John Deere mowers of various size, 4×4 ATV, leaf vac., Ford 1/2 ton PU.
Full sales prospectus and 2009 appraisal available upon request. There is a new home directly attached to the campground on an additional 5 acres and can be included in this sale for $1,750,000. Home was built new in 2005.
Web Flyer
View Slide Show
Property Details
Listing Price: $1,550,000
Address: 20098 S. Pelican Dr.
City: Pelican Rapids
State: MN
Zip Code: 56572
County: Otter Tail
Status: Sale Pending
MLS #: non-MLS listing
Lot Size / Acres: 77.44 acres
Lake Frontage: NA - direct access
Lodge Sq Ft: 1,728 sf. club house
Lake Name: Pelican
Financial Details
GOI: $403,300
NOI: $171,756
ROI: 15.1*
CAP Rate: 11%*
Taxes: $7,160
Insurance: $5,400
Terms: Cash
Lodge & Home Information
Owners Home: Possible
Beds: 3
Baths: 2
Sq Ft: 3000
Food Service: no
Liquor: no
Beer: no
Wine: no
Cabins & Campsites
Total Cabins: 1
Bed 1: 1
Bed 2:
Bed 3:
Bed 4+:
Renuion:
Total Campsites: 175
Seasonals: 157
RV Non Seasonal: 15
Primative: 3
Dock & Water Systems
Dock System: NA
Septic System: 11 T/DF systems - in compliance
Well System: 3 deep, drilled water wells
Additional Information
*The returns data for this property assumes 30% down payment (70% financed) at full sales price under the current conditions. Calculating financial returns will vary based on sales price, amount financed and current lending practices. Buyers will be expected to do their own due dilligence regarding their specific situation. Current conditions can be viewed here
Property Map
Listing Agent
