Property profile

1210 3Rd St International Falls, MN 56649

OFF-MARKET
Hospitality properties
9,359 SF Built 1972
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Property summary

AI-generated overview

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 profile

Verified
Property type Hospitality properties
Year built 1972
Total area 9,359 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1210 3Rd St International Falls, MN 56649
International Falls metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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