Property summary
This fee-simple, 58-key Country Inn & Suites in Grand Rapids, Minnesota, presents a compelling investment opportunity. Boasting a 9.66% cap rate and a strong NOI of $405,520, this two-story, 1975-built hotel underwent a complete renovation in 2021, minimizing future capital expenditures. The property enjoys a prime location on US-169, a heavily trafficked route, attracting significant tourism. Grand Rapids, the county seat of Itasca County, offers year-round appeal, drawing visitors with its… natural beauty, including Itasca State Park and numerous lakes, as well as winter recreation opportunities. The hotel benefits from local events at the Itasca County Fairgrounds and the Judy Garland Museum, further boosting occupancy. The hotel's impressive $1.3 million room revenue, achieved with an average daily rate (ADR) of $106, demonstrates its consistent performance. Modern amenities in each room include coffee makers, refrigerators, microwaves, flat-screen TVs, and whirlpool bath suites, enhancing the guest experience. The hotel also features a complimentary hot breakfast area. With a remote management model currently in place, this property offers significant potential for increased profitability under active management. The strong economic outlook for Grand Rapids, with anticipated employment growth and ongoing development projects, further strengthens this investment's long-term prospects. This stabilized investment offers a rare chance to acquire a well-maintained, high-performing hotel in a thriving location.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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