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109 State Ave Warroad, MN 56763

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For Sale
$13,995,000

Recently built 66-key Hampton Inn in Warroad, Minnesota.

Building Details

Year built
2021

Source: Frank Jermusek, JD Agent Frank Jermusek, JD

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Hampton Inn in Hockeytown USA

The Hampton Inn By Hilton Warroad is located in Warroad, MN. The recently built hotel, completed in 2021, features 66 keys and spacious public areas in the restaurant and pool areas. A third-story outdoor patio overlooks the pool, and another outdoor patio is adjacent to the bar. The property is located next to the RiverPlace Cultural Arts and Event Center, which is expected to draw 30,000 visitors per year. The Riverplace Cultural Art and Event Center serves as a dedicated venue for displaying cultural artwork and organizing a variety of events. The property has increased revenue potential, particularly for those with food and beverage experience. Warroad is near the Canadian border and offers opportunities for outdoor recreation, including fishing, boating, and water sports, and ice fishing and snowmobiling in the winter. Warroad is known as "Hockeytown USA". The property is located 200 miles northeast of Fargo, ND, 200 miles southeast of Winnipeg, MB, 250 miles northwest of Duluth, MN, and 360 miles northwest of Minneapolis, MN. Nearby airports include Warroad International Memorial Airport (3 miles), Thief River Falls Regional Airport (88 miles), Winnipeg James Armstrong Richardson International Airport (130 miles), and Hector International Airport (216 miles).
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Hampton Inn Warroad Hotel

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Warroad
County
Roseau
State
Minnesota
Longitude
-95.320166
Latitude
48.902374

FAQs

What type of property is this?
Hotel - Recently built 66-key Hampton Inn in Warroad, Minnesota.
Where is this hotel located?
The property is located at 109 State Ave Warroad, MN.
What is the asking price?
The asking price for this property is $13,995,000.
What are key features of this property?
This property features: - High Cap Rate: 8.24% (2024 EBITDA plus Annual Assumable Debt Benefit).; - Assumable Financing: $7.75M balance at a 4% interest rate with a 2032 balloon payment for qualified prospects.; - Annual TIF Benefit: Approximately $80,000 per year through 2030.
More about this property
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