Hampton Inn in Hockeytown
For Sale
$11,385,195
109 State Ave, Warroad, MN 56763
Recently built 66-key Hampton Inn in Warroad, Minnesota.
Property SizeContact for details
Days on Market272
Property Features for 109 State Ave
General Information
Standard status
Active
Property subtype
Hotel
Building Details
Year Built
2021
Listing Agency:
(612) 385-5546
Listed By:
Frank Jermusek, JD
(612) 385-5546
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 19 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frank Jermusek, JD
Investment Insights
Based on property information with market context.
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).
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 56763, MN
5,132
Population
2,347
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
92%
High-School Grad
262.9 sq mi
ZIP Area
20
Density / Sq Mi
$70,357
Median Household Income
$47,471
Median Earnings
$830
Median Rent
$184,700
Median Home Value
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Frequently Asked Questions
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 $11,385,195.
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.
