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1915 Highway 59 S
Thief River Falls, MN 56701
Home Suites · Hospitality Property For Sale
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44 Rooms
Investment Highlights
- 44 units, single-story, interior corridor
- 2024 room revenue: $846,019.13
- Heavily discounted franchise fees - can be transferred to new owner with minimal to no PIP
- Priced at $25,000/key
- 2023 room revenue: $1,135,433.64
- Absentee managed
Property Facts
| Property Type | Hospitality | No. Rooms | 44 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1974/2005 |
| Lot Size | 1.74 AC | Parking Ratio | 2.2/1,000 SF |
| Building Size | 21,162 SF | Corridor | Interior |
| Zoning | Commercial - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 21,162 SF |
| No. Rooms | 44 |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2005 |
| Parking Ratio | 2.2/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Commercial |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $78.00 | - |
| Guest Room | 42 | $62.00 | - |
Property Taxes
| Parcel Number | R-25.04400110 | Improvements Assessment | $1,292,700 |
| Land Assessment | $218,200 | Total Assessment | $1,510,900 |
Property Taxes
Parcel Number
R-25.04400110
Land Assessment
$218,200
Improvements Assessment
$1,292,700
Total Assessment
$1,510,900
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