49-Key Hotel with Indoor
201 FOURTH AVE NW, Deer River, MN 56636
For Sale
Contact for pricing
Independent lodging property with varied guest rooms, meeting space, and on-site recreational amenities.
Property Size16,068 SF
Lot Size2.18 Acres
Price / SF$155.59
Days on Market100
Property Features for 201 FOURTH AVE NW
General Information
Standard status
Size
Lot size
Property subtype
Financials
Gross Income
Business Included
Amenities
indoor pool and hot tub
breakfast area
meeting/party room
guest laundry
Building Details
Year Built
Stories
Units
Listing Agency:
GJG Commercial
Listed By:
David Kampmeyer · License MN #40916733
Source:
Crexi
Added: Aug 7
Changed: Nov 5
Last Checked: Nov 12 at 6:38AM
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 GJG Commercial
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Investment Insights
Based on property information with market context.
White Oak Inn & Suites is a 49-room independent hotel offered with its underlying real estate on approximately 2.18 acres. The 16,068-square-foot property was built in 2004 and includes an indoor pool and hot tub beneath a vaulted wood ceiling, along with a breakfast area, meeting and party room, and guest laundry facilities. Room configurations include queen, king, accessible, and Jacuzzi options.
The hotel is located at 201 Fourth Ave NW in Deer River, Minnesota, approximately half a mile from a regional casino that does not provide on-site lodging. The property operates without franchise royalties, brand fees, or PIP obligations and may accommodate either continued independent operation or a future franchise conversion. The offering includes the hotel improvements and underlying land.
The hotel is located at 201 Fourth Ave NW in Deer River, Minnesota, approximately half a mile from a regional casino that does not provide on-site lodging. The property operates without franchise royalties, brand fees, or PIP obligations and may accommodate either continued independent operation or a future franchise conversion. The offering includes the hotel improvements and underlying land.
Key Highlights
- 49‑room hotel on approximately 2.18 acres
- 16,068‑square‑foot property built in 2004
- Indoor pool and hot tub with vaulted wood ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,863
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,260
$1.7M
Cap Rate 7%
$1,226,614
$1.2M
Cap Rate 9%
$954,033
$954.0K
Market Conditions
NOI Build-Up for 16,068 SF
Gross rent
$241.0K $15.00/SF
− Vacancy
−$60.3K −$3.75/SF
EGI
$180.8K $11.25/SF
− OpEx
−$94.9K −$5.91/SF
NOI
$85.9K $5.34/SF
Area
Itasca County, MN
Vacancy
25.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,260
Cap Rate 7%
$1,226,614
Cap Rate 9%
$954,033
Alternative Uses
Best Use
Hotel Hospitality
$1.23M
$1.07M – $1.43M
NOI $85,863 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,436 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
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Business Placement
Demographics for 56636, MN
5,055
Population
2,937
Households
1.7
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
436.9 sq mi
ZIP Area
12
Density / Sq Mi
$59,858
Median Household Income
$32,128
Median Earnings
$690
Median Rent
$195,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Independent lodging property with varied guest rooms, meeting space, and on-site recreational amenities.
Where is this hotel located?
The property is located at 201 FOURTH AVE NW Deer River, MN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 49‑room hotel on approximately 2.18 acres; 16,068‑square‑foot property built in 2004; Indoor pool and hot tub with vaulted wood ceiling
