830 Yellow Brick Rd Chaska, MN 55318-2152
- Motels
- 5,772 SF
- 1.11 lot acres
Oct 01, 2024
Current Use by Public Records
- Super 8 by Wyndham Chaska / Inn / Motel
Property Details for 830 Yellow Brick Rd
- Year built
- 1986
- Lot size
- 1.11 lot acres
- Property size
- 5,772 SF
- Property type
- Motels
- APN
- 30-6460030
- APU
- 306460030
Description
This exceptional 29-key Super 8 by Wyndham hotel in Chaska, Minnesota, presents a compelling investment opportunity. Boasting 12,768 square feet across two stories, this 1986-built property offers a unique advantage as the only franchised hotel in Chaska. Its strategic location near Minneapolis provides convenient access to major transportation routes, including Highways 212 and 41, tapping into the larger Minneapolis-St. Paul-Bloomington MSA market while maintaining a small-town atmosphere. The hotel features an interior corridor design and benefits from a recently completed owner-initiated property improvement plan (PIP) and substantial capital expenditures. A significant upside potential is indicated by a 62.4% RevPar Index. Further enhancing its appeal, the property includes a two-bedroom manager's apartment complete with a full kitchen and living room. Chaska's vibrant economy, strong community, excellent schools, and diverse recreational opportunities create a favorable environment for both business and leisure travelers. The asking price is $1,375,000, translating to $107.69 per square foot. This represents a rare chance to acquire a well-positioned, improved hotel in a thriving Minnesota community.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chaska
- County
- Carver
- State
- Minnesota
- Longitude
- -93.5989
- Latitude
- 44.7925
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
