Historic Bed and Breakfast
For Sale
$845,000
30 Center St, Soudan, MN
Historic inn originally built as a mining hospital, with private-bath rooms and main and lower-level kitchens for gatherings.
Property Size8,994 SF
Price / SF$93.95
Days on Market123
Property Features for 30 Center St
General Information
Standard status
Active
Size
8,994 SF
Additional Details
Business Included
Yes
Amenities
private baths
kitchens
gathering areas
lake access
Building Details
Year Built
1891
Listing Agency:
Janisch Realty Inc.
(218) 780-6644
Listed By:
Lisa Janisch · License #40298563
(218) 780-6644
Source:
Exprealty
Added: Apr 5
Changed: Jul 28
Last Checked: Jul 31 at 2:15PM
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 Janisch Realty Inc.
Investment Insights
Based on property information with market context.
Vermilion Park Inn is a historic bed and breakfast property originally built as the Soudan Mining Hospital in 1891. The inn features an open-concept layout designed to support shared spaces, with main and lower-level kitchens that serve spacious gathering areas. Many of the guest rooms include private baths, providing privacy for overnight stays.
The property offers easy access to Lake Vermilion. It is also located near the Boundary Waters Canoe Area Wilderness and Giants Ridge Championship Golf & Ski Resort, positioning it for visitors seeking an outdoor-focused getaway.
As presented, the inn’s main and lower levels are arranged to accommodate both everyday comfort and group moments, supported by the two kitchen areas and the open flow between gathering spaces.
The property offers easy access to Lake Vermilion. It is also located near the Boundary Waters Canoe Area Wilderness and Giants Ridge Championship Golf & Ski Resort, positioning it for visitors seeking an outdoor-focused getaway.
As presented, the inn’s main and lower levels are arranged to accommodate both everyday comfort and group moments, supported by the two kitchen areas and the open flow between gathering spaces.
Key Highlights
- Historic inn originally built as the Soudan Mining Hospital in 1891
- Open‑concept layout with main‑level and lower‑level kitchens for gatherings
- Private‑bath rooms
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Hotel Hospitality
$890.0K
$778.8K – $1.04M
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
NOI $244,224 @ 7.0% cap · market cap 28.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vermilion Park Inn — 30 Center St, Soudan, MN 55782
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Historic inn originally built as a mining hospital, with private-bath rooms and main and lower-level kitchens for gatherings.
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 inn originally built as the Soudan Mining Hospital in 1891; Open‑concept layout with main‑level and lower‑level kitchens for gatherings; Private‑bath rooms
