Property profile

777 Us-10 Detroit Lakes, MN 56501

OFF-MARKET
Hospitality properties
24,442 SF 3.9 ac lot Built 1996
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Property summary

AI-generated overview

This exceptional 45-key AmericInn hotel presents a compelling value-add investment opportunity in Detroit Lakes, Minnesota. Boasting 24,442 square feet across a two-story building on a 3.9-acre lot (APN 490470000), this 1996-built property enjoys a prime location at 777 US-10, 56501. Situated in a vibrant tourist destination known for its stunning lakes, outdoor recreation, and thriving arts and culture scene, the hotel benefits from year-round appeal. Detroit Lakes' strong economy, fueled by tourism and local events like the annual WE Fest, ensures consistent traveler demand. The AmericInn features an indoor pool, hot tub, fitness center, and business services, catering to both leisure and business travelers. Currently under absentee ownership, this property offers significant potential for increased performance through enhanced management. The hotel's strong occupancy rates and revenue potential make it an attractive investment. A confidentiality agreement is required to access detailed financial information. This is a chance to acquire a well-established hotel in one of Minnesota's most desirable locations, where outdoor recreation, community spirit, and economic growth converge.

Property profile

Verified
Property type Hospitality properties
Year built 1996
Total area 24,442 SF
Lot 3.9 ac (169,884 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

777 Us-10 Detroit Lakes, MN 56501
Detroit Lakes metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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