1210 3Rd St International Falls, MN 56649
- Hospitality properties
- 9,359 SF
Current Use by Public Records
- Hospitality properties
Property Details for 1210 3Rd St
- Year built
- 1972
- Property size
- 9,359 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- International Falls
- County
- Koochiching
- State
- Minnesota
- Longitude
- -93.4192
- Latitude
- 48.6011
