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    200 Mn-28 Morris, MN 56267

    For Sale
    $3,995,000
    Property size:
    67,000 SF
    Added:
    Dec 11, 2024
    Days on Market:
    360

    Property Features for 200 Mn-28

    General Information

    Property type
    Hotels
    Square Feet
    67,000 SF
    Lot Size
    259,618 SF

    Building Details

    Year Built/Renovated
    1972/2024
    Buildings
    1
    Stories
    2

    HighLights

    • 3.99x Revenue Multiplier.
    • $43,424 Average Daily Rate (ADR).
    • Turnkey operation; over $3M in recent improvements.
    • High revenue potential; limited room rentals since March 2023 opening.
    • Morris, MN's only full‑service hotel (92 keys, suites with amenities).
    • Excellent candidate for hotel flag; Choice Hotels proposal available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Morris
    County
    Stevens
    State
    Minnesota
    Longitude
    -95.9051242
    Latitude
    45.5953024

    Nearby Comparable

    • $215,000
      4,786 SF

      Highway 28 Commercial Building

      Morris Retail Space - High Visibility
      8 Highway 28, Morris, MN 56267
      View Details
    • $4,400,000
      6 SF

      88-Unit Multifamily Community in Morris

      Well-maintained apartment complex near University of Minnesota-Morris.
      151 Sunnyslope Rd, Morris, MN 56267
      View Details
    • $845,000
      4.65 Acres

      Multi-Building Commercial Site in Morris

      Commercial site with multiple buildings on 4.65 acres in Morris.
      49240 State Highway 28, Morris, MN 56267
      View Details
    • $3,095,000

      Turnkey Hotel with Development Potential

      92-key hotel with amenities, recent updates, and development potential.
      200 Mn-28, Morris, MN 56267
      View Details

    Nearby Similar for Sale

    • $3,095,000

      Turnkey Hotel with Development Potential

      92-key hotel with amenities, recent updates, and development potential.
      200 Mn-28, Morris, MN 56267
      View Details
    • $4,400,000
      6 SF

      88-Unit Multifamily Community in Morris

      Well-maintained apartment complex near University of Minnesota-Morris.
      151 Sunnyslope Rd, Morris, MN 56267
      View Details
    • $845,000
      4.65 Acres

      Multi-Building Commercial Site in Morris

      Commercial site with multiple buildings on 4.65 acres in Morris.
      49240 State Highway 28, Morris, MN 56267
      View Details
    • $215,000
      4,786 SF

      Highway 28 Commercial Building

      Morris Retail Space - High Visibility
      8 Highway 28, Morris, MN 56267
      View Details

    FAQs

    Where is this hotel located?
    The property is located at 200 Mn-28 Morris, MN.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 3.99x Revenue Multiplier.; $43,424 Average Daily Rate (ADR).; Turnkey operation; over $3M in recent improvements.
    Request Owner's contact information
    200 Mn-28 Morris, MN 56267
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    Morris, MN 56267
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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
    200 Mn-28 Morris, MN 56267
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