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Historic 22-Room Hotel with Restaurant
For Sale
$675,000

333 Main Street W, Wabasha, MN 55981

Commercial Sale, Wabasha, MN

Property SizeContact for details
Lot Size0.42 Acres
Days on Market69

Property Features for 333 Main Street W

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Rooms Basement
Parking features On Street, Covered
Window features Blinds, Bay Window(s), Drapes
Exterior features Brick/Stone, Wood
Accessibility Accessible Approach with Ramp
Appliances Dishwasher, Double Oven, Water Heater - Gas, Range, Refrigerator, Stainless Steel Appliances, Washer
Lot features Corner Lot
High school district Wabasha-Kellogg
Directions E on Pembroke, L on Main St
Standard status Active
APN 270026703
Lot size 0.42 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11854

Utilities

Heating system Oil
Cooling system Central Air

Amenities

game room
wine tasting bar

Building Details

Year built 1856
Building materials Timber/Post & Beam, Brick, Stone
Roof type Flat, Rubber
Listing Agency: Re/Max Results · RE/MAX International
Listed By: Robin Gwaltney
Added: Jun 19 Changed: Aug 24 Last Checked: Aug 26 at 12:06PM
MLS# 7096320

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

Investment Insights

Based on property information with market context.

Built in 1856, this historic hotel is listed on the National Register of Historic Places and contains 22 guest rooms. The property includes a family restaurant with seating for over 100, an outdoor patio, a lobby game room, and a wine-tasting bar. A lower-level bar provides an additional hospitality component with seating for 25. The sale includes the real estate, furnishings, and equipment associated with the hotel, restaurant, and bar operations.

The property occupies 0.42 acres at 333 Main Street W in Wabasha, Minnesota, with views of the Mississippi River. A carriage house behind the hotel offers additional space identified for guest accommodations, staff housing, or Airbnb use. Exterior construction includes brick, stone, and wood, while the building features central air, oil heat, covered and on-street parking, and an accessible ramp approach.

Key Highlights

  • 22 guest rooms in a hotel built in 1856
  • Listed on the National Register of Historic Places
  • Restaurant seats over 100 and includes an outdoor patio

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Law Firm Electrical Service Pharmacy Big Box & Wholesale Store Real Estate Agency Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby
31k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 93% Dining 7%
Kwik Trip Shops & Services
22,035 visits/mo 0.4 miles
Dollar General Shops & Services
5,748 visits/mo 0.5 miles
SUBWAY Dining
2,105 visits/mo 0.5 miles
Carquest Auto Parts - Dick's Auto Parts Shops & Services
741 visits/mo 0.4 miles

Demographics for 55981, MN

3,998
Population
2,229
Households
1.8
Avg Household Size
55
Median Age
26%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
79
Density / Sq Mi
$69,195
Median Household Income
$42,211
Median Earnings
$773
Median Rent
$234,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Hospitality property combines lodging, dining, bar service, patio seating, and a separate carriage house.
Where is this hotel located?
The property is located at 333 Main Street W Wabasha, MN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 22 guest rooms in a hotel built in 1856; Listed on the National Register of Historic Places; Restaurant seats over 100 and includes an outdoor patio
More about this property
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