Property profile

5700 Hwy 61 Lutsen, MN 55612

OFF-MARKET
Motels
Property ID
US46-1839880
19,541 SF 41.96 ac lot Built 1998
Entity Owned Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1998
Total area 19,541 SF
Lot 41.96 ac (1,827,778 SF)
APN 27-133-1400
UPID US46-1839880

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5700 Hwy 61 Lutsen, MN 55612-4430
Lutsen metro Census 480102
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$890k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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