Sold: Warren MLS# 6701451
Sold
$115,000 (list price)
$90,000
Commercial: Other
Built 1954
0.319 acres
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!
Seller willing to accept contract for deed.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$115,000
Sold Price:
$90,000
Sold Date:
12/12/2025
Property Type:
Commercial
City:
Warren
Garage Spaces:
1
County:
Marshall
Year Built:
1954
State:
MN
Property Style:
Other
Zip Code:
56762
Subdivision Name:
Warren Original
Interior
Flooring:
Carpet, Tile
Refrigerators:
Six or More
Appliances Included:
- Microwave
- Refrigerator
Basement Details:
None
Exterior
Garage Spaces:
1
Air Conditioning:
Wall Unit(s)
Foundation Size:
5,391 ft2
Foundation Dimensions:
129'x26' & 97'x21'
Fencing:
None
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 Lot
Unit Amenities:
- Cable
- Porch
Road Frontage:
City Street
Pool:
None
Roof Details:
Asphalt
Lot & Land
Acres:
0.319
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:
1066
District Phone:
2187455393
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$174
Annual Fuel Expense:
$174
Annual Insurance Expense:
$2,861
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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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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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.