4483 Highway 53, Orr, MN 55771
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.