777 Highway 10 E - Hospitality FOR SALE


Detroit Lakes, MN 56501
$3,300,000 USD
920-858-0615
777 Highway 10 E, Detroit Lakes, MN for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/31
null | 7.7% Cap Rate

777 Highway 10 E
Detroit Lakes, MN 56501


HIGHLIGHTS

  • Prime Owner-Operator Opportunity, Ideal For A Hands-On Investor To Optimize Revenue And Expenses
  • Regional Hub with Diverse Demand Drivers that Attracts Year-Round Visitors for Tourism And Events that Drive Consistent Demand
  • Strategic Highway 10 Location with High Visibility that sees Over 37k Vehicles Per Day
  • Host of WE Fest, One of the Largest Country Music Festivals in the Nation, with Over 150k Visitors Per Year
  • Diverse Amenities Including A Indoor Pool, Hot Tub, Meeting Room, Business Center, And In-Room Conveniences Like 55" TVs And Personal Refrigerators.

OVERVIEW

Prime Owner-Operator Opportunity, Ideal For A Hands-On Investor To Optimize Revenue And Expenses Prime Highway 10 Location with High Visibility that sees Over 37k Vehicles Per Day Regional Hub with Diverse Demand Drivers that Attracts Year-Round Visitors for Tourism And Events that Drive Consistent Demand Host of WE Fest, One of the Largest Country Music Festivals in the Nation, with Over 150k Visitors Per Year Diverse Amenities Including A Indoor Pool, Hot Tub, Meeting Room, Business Center, And In-Room Conveniences Like 55" TVs And Personal Refrigerators.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$135 USD /SF

# OF ROOMS

46

PRICE/ROOM

$71,739 {currency}

CAP RATE

7.7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmericInn by Wyndham Detroit Lakes

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

45

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

Commercial

APN/PARCEL ID

R490470000

ASK ABOUT THIS PROPERTY

Jared PlamannMarcus & MillichapMore Info
920-858-0615

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Jared PlamannMarcus & MillichapMore Info
920-858-0615

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