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5631286

MLS 5631286 (Active)


$1,200,000

Walker MN 56484

     
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!

Additional Details

Year Built: 1899
Lot Acres: 1.300
Lot Dimensions: 250x215x250x250
School District: 113 - Walker-Hackensack-Akeley
County: Cass
Taxes: $23,108
Taxes with Assessments: $23,608
Tax Year: 2020

Additional Features

Exterior: Wood, Brick/Stone
Fuel: Electric
Garage: Uncovered/Open, Driveway - Asphalt, Driveway - Shared, Paved Lot
Heat: Forced Air
Sewer: City Sewer/Connected
Water: City Water/Connected
Air Conditioning: Wall
Shared: Concrete Floors & Walls
Appliances: Microwave, Refrigerator
Road Frontage: City, Paved Streets
Roof: Asphalt Shingles, Pitched, Age Over 8 Years
Features: Natural Woodwork, Vaulted Ceiling(s), Tiled Floors
30:1

Listed By : Bill Hansen Realty/Walker

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity (sm) Program of the Regional Multiple Listing Service of Minnesota, Inc Real estate listings held by brokerage firms other than Affinity Real Estate Inc. are marked with the Broker Reciprocity (sm) logo or the Broker Reciprocity (sm) thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal.
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Park Rapids, MN 56470


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