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Key Details
Sold Price $1,195,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Parkside Add
MLS Listing ID 5631286
Sold Date 02/01/21
Year Built 1899
Annual Tax Amount $23,108
Tax Year 2020
Contingent None
Lot Size 1.300 Acres
Acres 1.3
Lot Dimensions 250x215x250x250
Property 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/owner’s 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!
Location
State MN
County Cass
Zoning Business/Commercial
Rooms
Family Room Community Room
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace No
Appliance Microwave, Refrigerator
Exterior
Parking Features Asphalt, Shared Driveway, Paved, Open
Utilities Available None
Roof Type Age Over 8 Years, Asphalt, Pitched
Present Use Hotel/Motel
Building
Lot Description Tree Coverage - Light
Story Two
Foundation 11716
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone, Wood Siding
Schools
School District Walker-Hackensack-Akeley
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