$1,200,000

907 Minnesota Avenue

Walker MN, 56484

Description

WALKER, MN HOTEL OPPORTUNITY. Located in charming Walker, Minnesota, this established, fully operational 2-story hotel features 11,716 finished sq. ft. & is located on the main street in a very high traffic location & close to many bars, restaurants & local retail shops. This independently owned 35-room hotel features spacious, remodeled rooms & also includes a remodeled apartment for the manager/owners quarters. This highly visible building is a fantastic opportunity to be an owner-operator or simply a profitable investment property with a 3-year average cap rate of 13%. Walker is a thriving YEAR-ROUND tourist destination located in the heart of the Northern Lakes Area. Guests will enjoy hunting, boating, snowmobiling, ice fishing, tournament fishing, local gaming, many area festivals & events, and so much more. The building has a rare 250 of exposure on Highway 200/371 with ample parking for boats, trailers & more! Come be a part of the winning business community in Walker!

Details

MLS#5631286
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1899
Days On Site116

Features

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Area Information
StateMN
CountyCass
CityWalker
Zip Code56484
Listing VS Median (in 56484)
Price:
$1,200,000
low | high
Med:
$59,900
100% of Average
On Site:
116
low | high
Med:
86.5
100% of Average
Listing Updated: October 1, 2020 1:32:38 PM PDT
Heather Hauser LogoMLS Number: 5631286
Listing Provided By:
Heather Hauser  of  Bill Hansen Realty Walker

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