Steve Carlson - Commercial Real Estate Showcase

Steve Carlson Property Listings
Steve K Carlson
701 Hat Trick Ave
Eveleth, MN 55734
(218) 290-2116

701 Hat Trick Avenue - Former Holiday Inn

Eveleth, MN 55734 - North St Louis County Submarket

(2.6 MB)

Property Type:Hospitality Number of Rooms:144 Status:Existing Year Built:1999
Stories:2 Building Size:124,206 SF Land Area:7.15 AC (311,454 SF)
For Sale Price:$775,000 Price/Room:$5,382 Cap Rate:-

Parking:1.06 Parking Spaces / 1,000 SF

Property is next to USA Hockey Hall of Fame and excellent visibility to highway high on the hill. Eveleth will soon be home to the Mesabi Trail headquarters building on the famed Mesabi Trail. This is a premier Minnesota bike trail winding through some of the state's prettiest regions. When completed, the trail will traverse 132 miles and connect more than 25 communities.

Sale Notes:
Former Days Inn 144 unit motel with a Bar,Banquet and a Restaurant. This Motel is currently closed for rehab. It needs work but is in a very big demand for rooms. There's plans of two huge plants going to be built soon. I'm giving this property away at this price. There's been lots of work done on this place most of the utilities
have been updated. This place, when open, could pay for itself in only a few months. We have spent tons of money and time from replacing drywall, roof repairs and mechanical replacements.

Steve K Carlson
Steve Carlson
(218) 290-2116

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