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    1210 3Rd St International Falls, MN 56649

    Sponsored
    For Sale
    $599,000

    Turnkey Motel, High ROI, Seller Financing

    Property size:
    9,359 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25-room motel in International Falls, Minnesota, presents a compelling investment opportunity. Built in 1972 and renovated in 2018, this established property boasts two buildings totaling 9,359 square feet on a 15,246 square foot lot. The three-story structure includes 25 keys, an office, basement, and manager's quarters, ensuring efficient operation. The motel has shown consistent revenue growth over the past three years, making it an attractive prospect for investors. The asking price is $599,000, translating to $64 per square foot and $23,960 per bed. Seller financing is available with favorable terms. This turnkey operation is ideally situated in a prime location, offering immediate income potential and a strong foundation for future growth within the hospitality sector. The property's solid history and attractive financing options make it an ideal acquisition for both seasoned investors and newcomers to the hospitality market. This is a rare opportunity to acquire a well-maintained, profitable motel with significant upside potential.

    Property Features for 1210 3Rd St

    General Information

    Property type
    Motels
    Square Feet
    9,359 SF

    Building Details

    Year Built/Renovated
    1972/2018
    Buildings
    2
    Stories
    3

    HighLights

    • $599,000 asking price for a 25‑room motel.
    • 9,359 square feet on a 15,246 square foot lot.
    • $64 per square foot; $23,960 per bed.
    • Built in 1972, renovated in 2018.
    • Two three‑story buildings with 25 keys.
    • Located at 1210 3rd St, International Falls, MN 56649.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    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
    International Falls
    County
    Koochiching
    State
    Minnesota
    Longitude
    -93.419222
    Latitude
    48.6010567

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    FAQs

    What type of property is this?
    Motel - Turnkey Motel, High ROI, Seller Financing
    Where is this motel located?
    The property is located at 1210 3Rd St International Falls, MN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price for a 25-room motel.; 9,359 square feet on a 15,246 square foot lot.; $64 per square foot; $23,960 per bed.
    Request Owner's contact information
    1210 3Rd St International Falls, MN 56649
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    International Falls, MN 56649
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1210 3Rd St International Falls, MN 56649
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