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109 State Ave
Warroad, MN 56763
Hampton Inn By Hilton Warroad · Hospitality Property For Sale
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38,444 SF
INVESTMENT HIGHLIGHTS
- 8.24% Cap Rate (2024 EBITDA plus Annual Assumable Debt Benefit) | Hampton Inn By Hilton Warroad located in Warroad, MN
- The Property contains 66 keys and a variety of room types to accommodate a wide range of guests
- Assumable financing for qualified prospects ($7.75M balance at a 4% interest rate with a 2032 balloon payment)
- Recently built hotel, completed in 2021, in a prime location next to the RiverPlace Cultural Arts and Event Center
- Annual TIF benefit through 2030 of approximately $80,000 per year
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2021 |
| Building Class | B | Parking Ratio | 1.36/1,000 SF |
| Lot Size | 2.45 AC | Corridor | Interior |
| Building Size | 38,444 SF | ||
| Zoning | C - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.45 AC |
| Building Size | 38,444 SF |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 1.36/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
ABOUT 109 STATE AVE , WARROAD, MN 56763
Situated in Warroad, MN, nestled within the scenic northwestern corner of the state, this property radiates a picturesque allure against the stunning backdrop of Lake of the Woods. Situated near the Canadian border, this small town boasts scenic beauty and a rich history. With its proximity to the lake, Warroad offers abundant opportunities for outdoor recreation, including fishing, boating, and water sports during the warmer months, and ice fishing and snowmobiling in the winter. The town is also renowned for its hockey culture (it is known as "Hockeytown USA"), producing numerous NHL players and hosting the annual Hockey Day Minnesota event. Visitors can explore local shops, enjoy delicious dining options, and immerse themselves in the warm hospitality of this close-knit community. The Riverplace Cultural Art and Event Center serves as a dedicated venue for displaying cultural artwork and organizing a variety of events within the town of Warroad, Minnesota. This center serves as a hub for cultural activities, such as art exhibitions, performances, workshops, and community gatherings. Additionally, the center hosts events that celebrate the cultural heritage of the area and promote cultural exchange and understanding among residents and visitors alike. Proximity to larger cities: 200 miles northeast of Fargo, ND 200 miles southeast of Winnipeg, MB 250 miles northwest of Duluth, MN 360 miles northwest of Minneapolis, MN Airports nearby include Warroad International Memorial Airport (3 miles), Thief River Falls Regional Airport ( 88 miles), Winnipeg James Armstrong Richardson International Airport (130 miles), and Hector International Airport (216 miles).
PROPERTY TAXES
| Parcel Number | 56.0146001 | Improvements Assessment | $3,562,000 |
| Land Assessment | $161,500 | Total Assessment | $3,723,500 |
PROPERTY TAXES
