$329,000
International Falls, MN 56649
MLS# 5663920
Status: Closed
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Property Description
Well maintained 20-unit Motel with excellent cash flow. This is a solid business opportunity on a high traffic corridor in International Falls located at the gateway to Voyageurs National Park with direct access to nearby Snowmobile/ATV trail. Owners have re-invested in the property with yearly improvements and have maintained a strong repeat customer base. There is even the potential to live on-site. This is a great opportunity to own and operate a profitable business in the north country!
Details
None
Allow Auto Valuation: Yes
Allow Consumer Comment: No
MLSID: RMLS
Contract Information
Availability: Unavailable
Status: Closed
Off Market Date: 2021-12-15
Current Price: $329,000
Closed Date: 2021-12-30
Sales Close Price: 329000
Original List Price: 399000
Contingency: None
ListPrice: 379000
List Date: 2020-09-23
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 30
Year Built: 1972
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 5536
For Sale or Lease: For Sale
Lot Dimensions: 100x200
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: PT OF LOT 2 LESS PT DESC IN INST#220699; LOTS 3-5 BLOCK 3
HADLERS ADDITON TO INTERNATIONALS FALLS
Map Page: 999
Municipality: International Falls
Rental License?: Yes
School District Phone: 218-283-2571
Map Coordinate Source: King's Street Atlas
House Number: 1210
Street Name: 3rd
Street Suffix: Avenue
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Zip Plus 4: 2956
Property ID Number: 9201503020
Complex/Dev/Subdivision: Hadlers Add To International F
Tax Year: 2021
Tax Amount: 4368
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Well maintained 20-unit Motel with excellent cash flow. This is a solid business opportunity on a high traffic corridor in International Falls located at the gateway to Voyageurs National Park with direct access to nearby Snowmobile/ATV trail. Owners have re-invested in the property with yearly improvements and have maintained a strong repeat customer base. There is even the potential to live on-site. This is a great opportunity to own and operate a profitable business in the north country!
Directions: Located at the intersection of Highway 53 and 13th Street
Assessments
Assessment Balance: 70
Tax With Assessments: 4438
Building Information
Building Finished SqFt: 9359
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27071
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 34
Township#: 71
Sale Options
Sale Includes: Building,Business,Fixture/Equipment,Inventory,Land
Unit Details
Total Units: 20
Property Features
Air Conditioning: Wall
Basement: Partial; Partial Finished; Storage Space
Construction Status: Previously Owned
Current Use: Hotel/Motel
Exterior: Brick/Stone; Wood
Financing Terms: Cash
Fuel: Natural Gas
Heating: Baseboard; Hot Water
Loan Terms: Cash; Conventional
Location Description: Free Standing
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Paved Lot
Rental License Type: Standard
Road Frontage: Highway
Roof: Metal
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Move it Real Estate Group/Lake
Last Updated: November - 26 - 2022
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