400 Quadna Road - Hospitality FOR SALE


Hill City, MN 55748
$4,895,000 USD
612-385-5546
400 Quadna Road, Hill City, MN for Sale
$4,895,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

400 Quadna Road
Hill City, MN 55748


HIGHLIGHTS

  • Lakeside (Hill Lake) Condo Resort in popular vacation destination for outdoor enthusiasts in Hill City, MN
  • 40 Condo units (42 total units at the resort) - newly renovated and fully furnished units - bulk sale discount at approx 40% off total resale value
  • The Golf Shores Resort property is on 9.1 acres with 900+ feet of shoreline
  • Additionally available at a separate negotiable price - 8 acres of adjacent land for future development with +/- 700 ft of lake frontage

OVERVIEW

SVN | Northco is pleased to present the opportunity to purchase 40 condo units at the Golf Shores Resort Condominiums ("Property"), located in one of Minnesota's most popular destinations for outdoor enthusiasts. This unique lakeside condo complex offers resort-style amenities with a lake cabin vibe, stunning views, breathtaking sunsets, and direct access to hiking trails, ATV trails, fishing, and a golf course right next door. The bulk sale list price for these 40 condo units is at a fraction of the total value of individual units. Airbnb friendly property providing the ability to earn rental revenue.

FOR SALE DETAILS

PRICE

$4,895,000 USD

PRICE/SF

$82 USD /SF

# OF ROOMS

42

PRICE/ROOM

$116,548 {currency}

CAP RATE

Request Cap Rate

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golf Shores Resort Condominiums

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

70

LAND DETAILS

LAND ACRES

9.1 AC

LAND SF

396,396 SF

ZONING

residential

APN/PARCEL ID

57-1-088900,57-1-089000,57-1-089100,57-1-089200,57-1-089300,57-1-089400,57-1-089500,57-1-089600,57-1-089700,57-1-089800,57-1-089900,57-1-090000,57-1-090100,57-1-090200,57-1-090300,57-1-090400,57-1-091300,57-1-091400,57-1-091500,57-1-091600,57-1-091700,57-1-091800,57-1-091900,57-1-092000,57-1-092100,57-1-092200,57-1-092300,57-1-092400,57-1-092500,57-1-093400

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.