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 OWNED 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 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. Sale is for the bulk sale of the 40 remaining owned condo units 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.