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    OFF-MARKET
    Hospitality properties

    1210 3Rd St, International Falls, MN 56649

    9,359 SF Built 1972
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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