Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Soudan Bed & Breakfast Title is generated by Realmo AI

    30 Center St., Soudan, MN 55782

    View on Map
    Claim this Listing
    For Sale
    $845,000

    Commercial/Industrial - Soudan, MN

    Property size:
    8,994 SF
    Price / SF:
    $93/SF
    Added:
    Apr 3, 2026
    Days on Market:
    50
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 30 Center St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COM
    Rooms
    Basement
    Parking features
    Garage, Paved or Surfaced
    Basement Y/N
    1
    Standard status
    Active
    APN
    270-0110-00350
    Size
    8,994 SF

    Utilities

    Heating system
    Forced Air, Hot Water (Heating), Natural Gas, Propane (Heating)
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1904
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Janisch

    Listing agent Lisa Janisch

    Listing office Janisch Realty Inc P O Box 517, Tower, MN

    Listing date Apr 3, 2026

    MLS# 149711 Listing URL

    Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic Bed & Breakfast: Renowned Vermilion Park Inn, originally built in 1891, offers a unique and established business opportunity.
    • Proximity to Nature & Recreation: Located near Lake Vermilion, Boundary Waters Canoe Area Wilderness, and Giants Ridge Golf & Ski Resort.
    • Luxurious & Spacious: Features luxurious rooms, many with private baths, and spacious gathering areas with main and lower‑level kitchens.
    • Open‑Concept Layout: Designed for both celebrations and intimate family moments.
    • Modern Amenities: Includes central air conditioning, forced air/hot water heating, and paved parking with garage.
    • Move‑In Ready: Includes basement and roof in good condition.

    Overview

    The Vermilion Park Inn, a historic bed and breakfast, offers privacy and access to Lake Vermilion. Located near the Boundary Waters Canoe Area Wilderness and Giants Ridge Championship Golf & Ski Resort, this property combines luxury with nature. Originally built as the Soudan Mining Hospital in 1891, the Inn features timeless elegance. The property is designed for celebrations and family moments, with an open-concept layout and main and lower-level kitchens serving spacious gathering areas. The property size is 8,994 square feet. The zoning is COM. It is located in Soudan, MN.

    Financial Insights

    Value Estimation Calculated for Hotel Hospitality

    Conservative
    $692.2K
    NOI $62,300 @ 9.00% cap · cautious / downside scenario
    Moderate
    $890.0K
    NOI $62,300 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.25M
    NOI $62,300 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Hotel Hospitality

    Component $ $/SF
    Gross rent $168.4k $18.72
    − Vacancy −$37.2k −$4.14
    EGI $131.2k $14.58
    − OpEx −$68.9k −$7.66
    NOI $62.3k $6.93
    8,994 SF · lease $18.72/SF/yr · vacancy 22.10% · expense 52.50%

    Alternative Use Scenarios

    Best Use
    Hotel Hospitality
    $890.0K
    $778.8K – $1.04M (±1% cap)
    NOI $62,300 @ 7.0% cap · market cap 7.37%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $3.49M
    $3.05M – $4.07M (±1% cap)
    NOI $244,224 @ 7.0% cap · market cap 28.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Storage Facility Bed & Breakfast Hotel & Motel Grocery & Convenience Store Cafe & Coffee Shop Food Market Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Vermilion Park Inn — 30 Center St, Soudan, MN 55782

    Location Insight

    • Map
    • Local Demand
    City
    Soudan
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.245324
    Latitude
    47.816166

    FAQs

    What type of property is this?
    Bed & breakfast - Renowned historic bed and breakfast near Lake Vermilion for sale.
    Where is this bed & breakfast located?
    The property is located at 30 Center St. Soudan, MN.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: Historic Bed & Breakfast: Renowned Vermilion Park Inn, originally built in 1891, offers a unique and established business opportunity.; Proximity to Nature & Recreation: Located near Lake Vermilion, Boundary Waters Canoe Area Wilderness, and Giants Ridge Golf & Ski Resort.; Luxurious & Spacious: Features luxurious rooms, many with private baths, and spacious gathering areas with main and lower‑level kitchens.
    (218) 780-6644
    We can help!
    Listing Contact
    Lisa Janisch
    Real Estate License ID: 40298563
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    30 Center St., Soudan, MN 55782
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!