For Sale: Warren MLS# 6701451
Active
$160,000
Commercial: Business Opportunity
Built 1954
0.32 acres
Warren-Alvarado-Oslo schools
MLS# 6701451
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Property Description
Looking for a great investment opportunity?!? Picture walking up to your classic style motel in a quaint town close to many attractions. Whether you want to take a dip in the towns municipal pool, 9 whole golf course, county fair, mini golf, all the parks, or maybe you want a retreat for snowmobiling. This is a great spot. This motel has its own apartment with full kitchen, bathroom, and bedroom making it an easy stay for management or yourself. Not to mention your own garage. With 12 other rooms all including tv, refrigerator, microwave, bathroom, and 1-3 beds there is plenty of rooms to start your income stream. Hurry now while the reservations roll in for summer and start your new business!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$160,000
Property Type:
Commercial
City:
Warren
Garage Spaces:
1
County:
Marshall
Year Built:
1954
State:
MN
Property Style:
Business Opportunity
Zip Code:
56762
Subdivision Name:
Warren Original
Interior
Refrigerators:
Six or More
Appliances Included:
- Microwave
- Refrigerator
Basement Details:
None
Exterior
Garage Spaces:
1
Other Parking Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
5,391 ft2
Foundation Dimensions:
129'x26' & 97'x21'
Handicap Accessible:
No Stairs External, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Attached Garage
- Parking Lot
- Paved
Shared Amenities:
None
Unit Amenities:
- Cable
- Porch
Road Frontage:
City Street
Exterior Material:
Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.32
Geolocation:
48.201059, -96.772618
Inclusions:
Building, Business Assets, Fixture/Equipment
Lot Dimensions:
141' x 152' & 141' x 97 '
Addl Parcels:
590270000, 590271000
Zoning:
Business/Commercial
Schools
School District:
2176
District Phone:
218-745-5393
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$174
Annual Fuel Expense:
$174
Annual Insurance Expense:
$2,861
Annual Gross Expense:
$19,986
Annual Trash Expense:
$174
Annual Water/Sewer Expense:
$174
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,366
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$1,402
Income
Annual Gross Income:
$70,000
Rent
Annual Net Income:
$50,454
Units
Total Units:
2
Miscellaneous
Current Use:
Hotel/Motel
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Jack Chivers Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.