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    OFF-MARKET
    Hotels

    4483 Highway 53, Orr, MN 55771

    Built 1994
    Property ID
    US46-0514360
    Property summary
    AI-generated overview

    This meticulously maintained 12-unit motel in Orr, Minnesota, presents a unique investment opportunity. Situated on a 54,450 square foot lot directly off Highway 53, this property enjoys a prime location on Pelican Lake, a popular destination known for its excellent fishing and proximity to a bear sanctuary. Built in 1994, the motel offers a turnkey operation, ready for immediate income generation. Included in the sale are a garage/storage building, a fish cleaning house, and two docks, enhancing the property's appeal to guests. The current owners have recently updated the website and booking system, streamlining operations and maximizing online visibility. The property's location offers convenient access for travelers heading north, while the lakefront setting attracts vacationers seeking recreational activities. This is an exceptional opportunity to acquire a well-established, profitable motel business in a desirable tourist location. The asking price is $430,000. This property is ready for its next owner to continue its success.

    Property profile
    Verified
    Property type Hotels
    Year built 1994
    UPID US46-0514360
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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