2454 College Way - Hospitality FOR SALE


Fergus Falls, MN 56537
$1,600,000 USD
952-852-9769
2454 College Way, Fergus Falls, MN for Sale
$1,600,000 USD
Hospitality - FOR SALE
1/7
null | 12.31% Cap Rate

2454 College Way
Fergus Falls, MN 56537


HIGHLIGHTS

  • Recently Extensively Renovated – 2 years of strong revenue as an Independent Hotel
  • Manager’s Apartment On-Site – Ideal for owner-operators to maximize cost efficiencies and oversight.

OVERVIEW

Marcus & Millichap is proud to be the exclusive advisor and broker for the Hotel 8 Fergus Falls, a 31-room, two-story hotel built in 1977. This investment presents an excellent opportunity for an owner-operator seeking a stabilized asset with potential for hands-on management and operational improvements. Strategically positioned just off the Highway 210 exit from heavily traveled I-94, Super 8 Fergus Falls enjoys strong visibility and easy access to regional and long distance travelers. The property is situated on the west side of Fergus Falls’ Central Business District, just two miles from the Fergus Falls Municipal Airport. Fergus Falls (~13,100 residents) serves as the county seat of Otter Tail County (~57,300 residents) and is located along the Otter Tail River, less than 60 miles from the Fargo/Moorhead MSA. As part of West Central Minnesota’s lakes region, the area attracts year-round tourism, business travelers, and outdoor enthusiasts visiting destinations such as Fergus Falls, Alexandria, and Detroit Lakes. Additionally, Fergus Falls’ major employers, including Lake Region Hospital, Otter Tail Power Company, Northern Contours, and Sara Lee Bakery Group, provide steady business travel demand. Premier Location – Strategically positioned just off the Highway 210 exit from heavily traveled I-94, ensuring strong guest traffic. Recently Extensively Renovated – Modernized accommodations and operational efficiency. Manager’s Apartment On-Site – Ideal for owner-operators to maximize cost efficiencies and oversight. Diverse Local Economy – Key industries in Fergus Falls include Manufacturing (14%), Retail Trade (12%), Health Care/Social Assistance (11%), and Construction (10%), creating a strong foundation for local demand.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$132 USD /SF

# OF ROOMS

31

PRICE/ROOM

$51,613 {currency}

CAP RATE

12.31%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel 8

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,312 SF

ZONING

B-2

APN/PARCEL ID

71003500195009

ASK ABOUT THIS PROPERTY

Joseph FergusonMarcus & MillichapMore Info
952-852-9769

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Joseph FergusonMarcus & MillichapMore Info
952-852-9769

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