2102 E Main St - Hospitality FOR SALE


Albert Lea, MN 56007
$1,400,000 USD
612-454-8183
2102 E Main St, Albert Lea, MN for Sale
$1,400,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

2102 E Main St
Albert Lea, MN 56007


HIGHLIGHTS

  • 49 guest rooms with established operational history
  • Offered at $1.4M with value-add and operational upside
  • Attached 3-bedroom, 2-bath owner/operator residence
  • Positioned near I-35 & I-90 interchange, a major regional travel corridor
  • Located along East Main Street, a primary commercial artery with strong visibility
  • Serves demand from interstate travelers, contractors, and regional business activity

OVERVIEW

2102 East Main Street presents a 49-room motel opportunity in Albert Lea, Minnesota. The property sits along East Main Street, one of the primary commercial corridors serving the city, providing consistent visibility, direct access, and proximity to major travel routes connecting southern Minnesota with northern Iowa. Albert Lea benefits from steady visitor traffic driven by interstate travel, regional business activity, and recreation centered around the city’s lakes. The property is positioned near Interstate 35 and Interstate 90, supporting a consistent flow of travelers. Guests benefit from convenient access to nearby dining, retail services, and regional employers, reinforcing both overnight and extended-stay demand. The motel includes 49 guest rooms and offers an established hospitality operation within a stable Midwestern market. The layout supports efficient day-to-day operations, while the room count provides strong revenue potential for an owner-operator or investor. The property also features a caretaker/owner home connected to the lobby, configured as a 3-bedroom, 2-bathroom unit. This provides an opportunity for onsite management or additional rental income. In addition, a 2.5-stall garage is located at the rear of the property, offering functional storage and operational support space. Albert Lea continues to serve as a regional hub for travelers, contractors, and business visitors. Its connectivity to major highways, combined with access to lakes, parks, and outdoor recreation, supports consistent year-round lodging demand.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$90 USD /SF

# OF ROOMS

49

PRICE/ROOM

$28,571 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

49-Room Motel Opportunity

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1969

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

B-2

APN/PARCEL ID

34.244.0080

ASK ABOUT THIS PROPERTY

Ivy NivekKeller Williams Select RealtyMore Info
612-454-8183

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Ivy NivekKeller Williams Select RealtyMore Info
612-454-8183

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.