306 Lemieur St, Little Falls, MN 56345-3313

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.