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Best Budget Inn Owatonna 1180 W Frontage Rd 30 Room Hotel Owatonna, MN 55060 $900,000 ($30,000/Room)

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INVESTMENT HIGHLIGHTS

liquor store included

Owner Suite

EXECUTIVE SUMMARY

Acquire a fully operational, 30-room independent motel with live-in owner’s suite and a proven liquor retail business, all at a price point well below replacement cost — a rare find in today’s hospitality market.

PROPERTY FACTS

Price	$900,000	Building Size	11,714 SF
Price Per Room	$30,000	No. Rooms	30
Sale Type	Investment	No. Stories	2
Sale Condition	Business Value Included	Year Built/Renovated	1956/2020
Property Type	Hospitality	Parking Ratio	0.97/1,000 SF
Property Subtype	Hotel	Corridor	Interior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.85 AC
Zoning	B3

Price	$900,000
Price Per Room	$30,000
Sale Type	Investment
Sale Condition	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.85 AC
Building Size	11,714 SF
No. Rooms	30
No. Stories	2
Year Built/Renovated	1956/2020
Parking Ratio	0.97/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B3

On-Site Retail

Public Access Wifi

ABOUT 1180 W FRONTAGE RD , OWATONNA, MN 55060

30-Key Independent Motel + Owner’s Suite + Liquor Store 1180 W Frontage Rd, Owatonna, MN 55060 | Asking: ~$30,000/key (hotel) + $250K for liquor business Offer Summary: Acquire a fully operational, 30-room independent motel with live-in owner’s suite and a proven liquor retail business, all at a price point well below replacement cost — a rare find in today’s hospitality market. Investment Highlights Attractive pricing structure: ~$30,000 per key (˜ $900,000 for the lodging component), well below hard-cost replacement of new midscale hotel construction in this market. Dual revenue streams: Independent hotel plus an attached, established liquor store (offered separately at $250,000) with loyal clientele. Location & visibility: Immediate I-35 frontage, walkable to Walmart, restaurants, and ~1.5 miles to Cabela’s; ~2 miles to Medford Outlet Mall. Demand drivers: In close proximity to Federated Insurance HQ, Viracon glass plant, Cargill facility, and Steele County Fairgrounds event traffic. Operational efficiency: Two-story, mixed interior/exterior corridors; owner’s suite enables live-in management; existing infrastructure in place. Upside potential: Rate growth, extended-stay/kitchenette mix expansion, soft-brand conversion, cost controls and liquor cross-sell synergy. Property & Business Features Keys / Layout: 30 rooms, mix of kings, doubles, select kitchenettes; some interior corridor access; secure entry points. Building and site: ~11,714 SF on ~0.85 acres; two stories; prior renovations have maintained core systems. Parking & access: Generous striped lot, drive aisle layouts, ability to handle guest car flow with minimal on-site conflicts. Liquor Store: Hi-Way Liquor attached; consistent sales, strong margins, cross-sell traffic from guests and local regulars. Licensing: All applicable lodging and liquor licenses current; liquor revenue and inventory to be accounted for separately.