306 Lemieur St Little Falls, MN 56345-3313
Property profile & analytics
306 Lemieur St Little Falls, MN 56345-3313
- Hotels
- 16,986 SF
Property ID
US46-1915704
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
- AmericInn by Wyndham Little Falls / Hotel & Motel
Property Details for 306 Lemieur St
- Year built
- 1997
- Property size
- 16,986 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 48.2198.000
- APU
- 482198000
Description
This exceptional investment opportunity presents a unique blend of medical office and hospitality uses in a thriving Minnesota market. The property, located at 306 Lemieur St, Little Falls, MN 56345, encompasses a 1.46-acre lot and features a two-story building totaling 10,212 net rentable square feet, with building sizes ranging from 3,438 to 6,774 square feet. Currently operating as a 30-room AmericInn by Wyndham, the property boasts a strong revenue stream, with 2024 projected revenue of $800,000 and a three-year average revenue of $673,000. The property's strong financial performance is reflected in its impressive 11.53% cap rate and a current occupancy rate of 51.67%. Additional features include 30 paved parking spaces, commercial zoning, and a swimming pool. The property's current Wyndham flag expires in September 2025. The asking price is $2,250,000, translating to approximately $220.33 per square foot. The property's strong cash flow potential is further enhanced by a three-year average NOI of $208,000, and an estimated annual debt service of $168,000, resulting in an estimated annual cash flow after debt service of $39,000. This versatile property offers a compelling investment opportunity for owner-users seeking a high-return asset in a desirable location. Built in 1997, this Class C property presents a rare chance to acquire a well-established business with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Little Falls
- County
- Morrison
- State
- Minnesota
- Longitude
- -94.3386
- Latitude
- 45.9725
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
$19,362
$142,200
$584,800
$727,000
-
$142,200
$584,800
$727,000
