424 20th S St - Hospitality FOR SALE


New Ulm, MN 56073
$3,600,000 USD
952-932-9987
424 20th S St, New Ulm, MN for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

424 20th S St
New Ulm, MN 56073


HIGHLIGHTS

  • Convenient location near Schell’s Brewery, Flandrau State Park, and downtown New Ulm attractions
  • Ample on-site parking, including truck and RV spaces, with close proximity to major road connections
  • Features an indoor pool, hot tub, and spa amenities to enhance the guest experience
  • Equipped with a business center, meeting room, and ADA-accessible facilities

OVERVIEW

The Microtel Inn & Suites in New Ulm, Minnesota presents a 63 room, investment opportunity, offering investors a recently renovated asset with strong upside potential in a stable, demand driven market. The property has undergone significant updates completed in early 2025, resulting in minimal anticipated PIP requirements for a new owner, while recent performance trends show improving revenues following completion of these renovations. Built as a modern three-story hotel with a full amenity package, the asset aligns well with current brand preferences and provides long term flexibility for repositioning if desired.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$125 USD /SF

# OF ROOMS

63

PRICE/ROOM

$57,143 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Microtel Inn & Suites by Wyndham New Ulm

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C1

APN/PARCEL ID

00100204607070

ASK ABOUT THIS PROPERTY

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

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

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