154 Lk S Ave Spicer, MN 56288-9617
Property profile & analytics
154 Lk S Ave Spicer, MN 56288-9617
- Commercial real estate
Property ID
US46-2732205
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- SureStay By Best Western Spicer / Hotel & Motel
- Anchest Auto Glass of Spicer / Auto Repair Shop
Property Details for 154 Lk S Ave
- Property type
- Commercial real estate
- APN
- 85-250-0010
- APU
- 852500010
Description
This 31-key SureStay by Best Western hotel in Spicer, Minnesota, presents a lucrative investment opportunity. Boasting a prime location across from Green Lake, a popular resort destination, and adjacent to Zorbaz on the Lake, a thriving restaurant and bar, this property benefits from a high-end tourist market. The hotel, built in 1985 and extensively renovated between 2022 and 2024, features 31 rooms, including nine suites, an indoor pool and spa, and a newly added conference room. Recent renovations included new beds, TVs, paint, carpeting, a guest laundry, updated public restrooms, a remodeled pool area, and a new commercial kitchen to support the recently implemented hot breakfast service. The 43,560 sq ft lot provides ample space, complemented by 41 parking spaces. The hotel currently operates at 40% occupancy, generating $615,000 in room revenue through January 2025. This turnkey operation is situated on Lake Ave S, one block from Highway 23, offering convenient access to major transportation routes. The property is zoned commercial and presents a strong return on investment in a desirable location. The hotel's amenities include an indoor pool with a spacious deck and vaulted ceiling, several poolside rooms with balconies, and a comfortable lobby with a premium breakfast bar. This is a fully renovated, well-maintained property ready for a new owner. The property's APN is 85.250.0010. The asking price is $1,975,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $760,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spicer
- County
- Kandiyohi
- State
- Minnesota
- Longitude
- -94.9375
- Latitude
- 45.2299
- CBSA code
- 48820
- CBSA name
- WILLMAR, MN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,740
$120,000
$458,600
$578,600
-
$120,000
$458,600
$578,600
