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109 2nd Ave MN 35 Room Motel

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ID: 38
109 2nd Ave MN 35 Room Motel
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$689,000.00
Earnest Money Deposit: $25,000

(Currently Sold Out. Inquire for availability)
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Property Description

Introducing North Woods Retreat, nestled in the heart of Staples, MN. This charming motel property offers a unique opportunity to own a profitable business. With a total income of $193,489 in 2021, $255,441 in 2022, and $184,976 in 2023, the potential for a high return on investment is evident.

Built in 1990, this property boasts two buildings with a total of 35 rooms, an office, and manager's quarters. The property spans over 27,442 sq. ft., with a building size of 6,532 sq. ft. The motel's convenient location and well-maintained facilities make it an attractive choice for visitors to the area.

Don't miss the chance to own North Woods Retreat and capitalize on the thriving hospitality industry in this scenic region.

BUILDING INFORMATION

  • 6,532
  • $105.48
  • 35
  • 35
  • 1990
  • 2018
  • 2
  • 2
  • 27,442
  • $19,685.71

PROPERTY TYPE

  • Hospitality
  • Motel
  • 100%