231 Market Dr - Hospitality FOR SALE


Perham, MN 56573
$4,500,000 USD
952-932-9987
231 Market Dr, Perham, MN for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

231 Market Dr
Perham, MN 56573


HIGHLIGHTS

  • Exceptional visibility and access on U.S. Highway 10
  • Proven track record of steady revenue growth
  • Award winning hotel with consistent outstanding reviews

OVERVIEW

Timm and Associates, Inc. has been exclusively retained to represent the ownership in the sale of the GrandStay Hotel and Suites in Perham, MN. Located in the heart of Minnesota's lake country, the hotel benefits from a strong year-round tourism base including lake recreation, golf, vibrant downtown shopping and dining, and cultural heritage sites. The hotel is located within minutes of Perham's major demand drivers such as manufacturing hubs (Barrel O'Fun, Tuffy's, Kenny's), Perham Health and regional broadband provider, Arvig, supporting consistent weekday business demand.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$150 USD /SF

# OF ROOMS

45

PRICE/ROOM

$100,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GrandStay Hotel & Suites Perham

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2008

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,076 SF

ZONING

HC

APN/PARCEL ID

77000230002002,77000991380000

ASK ABOUT THIS PROPERTY

Greg TimmTimm & Associates, IncMore Info
952-932-9987

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Greg TimmTimm & Associates, IncMore Info
952-932-9987

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