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    Property profile & analytics
    OFF-MARKET Estimated value $4,450,000
    Commercial real estate

    2600 Annapolis N Ln, Plymouth, MN 55441-3604

    2.92 ac lot Built 1989
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-0558684
    Property summary
    AI-generated overview

    This exceptional 117-room motel presents a lucrative investment opportunity in Plymouth, Minnesota. Boasting 20,000 square feet across four stories in a single building, constructed in 1989, this property is strategically located at the intersection of I-494 and State Route 55, offering convenient access to downtown Minneapolis. The asking price is $5,500,000, translating to $275 per square foot. Each guest room includes modern amenities such as free Wi-Fi, an expanded cable package with HBO, a flat-screen TV, a microwave, and a mini-refrigerator. The hotel is also pet-friendly, catering to a broader range of travelers. This established motel benefits from high visibility and accessibility due to its prime location near major transportation arteries. The property's strong existing infrastructure and proven operational history make it an attractive prospect for investors seeking a stable and potentially high-yielding asset in a thriving metropolitan area. The significant number of rooms and the inclusion of desirable amenities position this motel for continued success and potential for increased revenue generation. This represents a rare opportunity to acquire a well-established hospitality business in a highly desirable location with significant growth potential. The property's size and location make it ideal for both short-term and long-term investment strategies.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1989
    Construction WOOD
    Lot 2.92 ac (127,195 SF)
    APN 22-118-22-34-0020
    UPID US46-0558684
    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
    AI Approach AI
    $4.35M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.45M
    Owner & transaction history
    City Of Plymouth · 1 yrs held
    City Of Plymouth
    since 2025
    Last sale
    $4.5M
    7 recorded transactions
    2025
    $4.5M
    2019
    2016
    2013
    $1.9M
    2011
    2007
    $3.7M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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