1210 3Rd StInternational Falls, MN 56649

Property Details for 1210 3Rd St

Year built

1972

Property size (Sq ft)

9,359 SF

Property type

Hospitality properties

Property subtype

Motels

Description

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.

Location Insight

City

International Falls

County

Koochiching

State

Minnesota

Latitude

48.6011

Longitude

-93.4192

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