For Sale
$599,000

1210 3Rd St International Falls, MN 56649

Turnkey Motel, High ROI, Seller Financing

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 25-room motel in International Falls, Minnesota, presents a compelling investment opportunity. Built in 1972 and renovated in 2018, this established property boasts two buildings totaling 9,359 square feet on a 15,246 square foot lot. The three-story structure includes 25 keys, an office, basement, and manager's quarters, ensuring efficient operation. The motel has shown consistent revenue growth over the past three years, making it an attractive prospect for investors. The asking price is $599,000, translating to $64 per square foot and $23,960 per bed. Seller financing is available with favorable terms. This turnkey operation is ideally situated in a prime location, offering immediate income potential and a strong foundation for future growth within the hospitality sector. The property's solid history and attractive financing options make it an ideal acquisition for both seasoned investors and newcomers to the hospitality market. This is a rare opportunity to acquire a well-maintained, profitable motel with significant upside potential.

Highlights

  • $599,000 asking price for a 25-room motel.
  • 9,359 square feet on a 15,246 square foot lot.
  • $64 per square foot; $23,960 per bed.
  • Built in 1972, renovated in 2018.
  • Two three-story buildings with 25 keys.
  • Located at 1210 3rd St, International Falls, MN 56649.

Property Details for 1210 3Rd St

Property type
Hospitality properties, Motels
Square Feet
9,359 SF
Year Built/Renovated
1972/2018
Buildings
2
Stories
3

Location Insight

City
International Falls
County
Koochiching
State
Minnesota
Latitude
48.6010567
Longitude
-93.419222

FAQs

What type of property is this?
Hospitality property - Turnkey Motel, High ROI, Seller Financing
Where is the hospitality property located?
The property is located at 1210 3Rd St International Falls, MN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price for a 25-room motel.; 9,359 square feet on a 15,246 square foot lot.; $64 per square foot; $23,960 per bed.
How can I contact the broker?
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1210 3Rd St
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