List Search

201 4th Ave NW
Deer River, MN 56636

$2,500,000 USD

Hotel For Sale  •  32,195 SF

Property Details

  • Property Type Hotel
  • Total Building Size 32,195 SF
  • Lot Size 2.18 AC
  • Building Class C
  • Year Built 2004
  • Zoning M
20 Walk Score

Highlights

49-room independently operated hotel, real estate included, no franchise fees — large enough to support a flag conversion
$719,030 trailing gross income, consistent $696K–$719K over the past 3 years, priced at approximately 3.5x gross income
ADR grown from $100.79 to $111.49 over 3 years, with significant recent reinvestment in FF&E
Indoor pool, hot tub, breakfast area, meeting/party room, guest laundry
Half a mile from a regional casino with no on-site lodging; strong repeat and referral guest base
Seller retirement sale — direct owner/operator or investor opportunity

Amenities

  • Fitness Center
  • Pool
  • Meeting Event Space

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 96
Type: Surface
Included in Rent: Yes
David Kampmeyer 612-718-4444 Grant Johnson Group - Real Broker
David Kampmeyer 612-718-4444 Grant Johnson Group - Real Broker