2410 Albion Ave - Hospitality FOR SALE


Fairmont, MN 56031
$595,000 USD
612-385-5546
2410 Albion Ave, Fairmont, MN for Sale
$595,000 USD
Hospitality - FOR SALE
1/13
null | 11.47% Cap Rate

2410 Albion Ave
Fairmont, MN 56031


HIGHLIGHTS

  • Well-located lakeside cabin resort situated on Hall Lake within Fairmont’s Chain of Lakes in Southern Minnesota, offered at an 11.47% cap rate
  • 11-cabin resort that sleeps up to 41 situated on 1.574 acres, comprised of six year-round cabins and five seasonal cabins, offering flexible lodging
  • Cabins range from 221 sq ft up to 800 sq ft with many improvements made since the current owners purchased in 2018
  • Amenities include pontoon rentals, boat slips, firepits, grills, a playground, a fishing dock and a fish cleaning station
  • Located in a recognized lake community destination that attracts regional visitors throughout the year, supported by outdoor recreation

OVERVIEW

SVN | Northco is pleased to present, as exclusive advisor to ownership, the listing of Hall Lake Cabins, a lakeside resort destination located in Fairmont, Minnesota (“Property”). Situated directly on Hall Lake within Fairmont’s Chain of Lakes, the Property features 11 cabins comprised of six year-round cabins and five seasonal cabins, offering guests an authentic “lake life” experience supported by strong seasonal recreation demand. Cabins are equipped with towels and linens, an in-unit stove, refrigerator, cooking supplies, cable television, and air conditioning, while on-site amenities include firepits, grills, a playground, a fishing dock, and four rental pontoons that support fishing, boating, swimming, and pet-friendly stays. Hall Lake Cabins represents a compelling opportunity to acquire a well-amenitized cabin resort in a proven Southern Minnesota leisure market.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$145 USD /SF

# OF ROOMS

11

PRICE/ROOM

$54,091 {currency}

CAP RATE

11.47%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hall Lake Cabins

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

-

APN/PARCEL ID

232270030

ASK ABOUT THIS PROPERTY

Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

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Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

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