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    Hospitality properties

    27102 Mn-78, Battle Lake, MN 56515

    350 SF 22 ac lot Built 1946
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    Property summary
    AI-generated overview

    Nestled in Otter Tail County, Minnesota, Madsen's Resort presents a unique investment opportunity. This established 15-cabin motel, built in 1946, sits on a 22-acre lot (10 acres resort, 12 acres adjacent farmland) with 400 feet of sandy beachfront along MN-78. Each cabin offers between 350 and 650 square feet. The property consists of 16 buildings, all single-story structures. The asking price is $3,600,000. This charming resort offers significant expansion potential. The additional 12 acres of farmland provide opportunities for diversification, such as developing a campground, RV park, or other ventures. The existing resort could be expanded by adding more cabins or redeveloped as a Common Interest Community (CIC). This property presents a compelling opportunity for growth and profitability in a scenic Minnesota lakeside setting. The property's location in Battle Lake, MN, zip code 56515, offers easy access to local amenities and attractions. This is a rare chance to acquire a well-established resort with substantial room for expansion and increased revenue streams. Seller financing is open to discussion.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1946
    Total area 350 SF
    Lot 22 ac (958,320 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
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