Turn-Key Hotel located on the state Snowmobile Trail and across the road from a Boat Launch to the Mississippi River. There are a nice variety of basic rooms and suites with kitchens and even a coin operated laundry room. You could keep one suite for living quarters for an owner or manager. The net income supports a 15% Cap Rate. There is a restaurant right next door and a nice village park across the street. This may not be the most modern hotel but it is certainly a very successful one. Rates are also on the low side, so the potential for an immediate increase in gross income is very good.
|RE For Sale: Yes||Bus. For Sale: Yes|
|Lease Only: No||Ann. Rent/Sq.Ft.: 0.0|
|Bldg Gross Sq.Ft.: 5544||Taxes: $3,041|