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1955 1st Ave N
Windom, MN 56101
Guardian Inn · Hospitality Property For Sale
·
39 Rooms
Investment Highlights
- Located in an "Opportunity Zone"
- Current Property Tax Abatement
- Totally Remodeled Apartment Complex
Executive Summary
Affordable housing investment opportunity featuring a thoughtfully converted motel comprised of 37 apartment units across three buildings.? Originally constructed in 2000 and extensively renovated in 2020, the property offers modernized interiors with updated kitchens, bathrooms, and durable vinyl plank flooring throughout.? The complex includes 10 detached garages, 4 storage lockers, an on-site leasing office, laundry facility, and dedicated mail room, providing residents with convenient amenities and strong operational functionality.? This asset benefits from an existing property tax abatement, enhancing cash flow and long-term investment performance.? Positioned in a community experiencing a significant housing shortage, the property fulfills an important affordable housing need while offering stable occupancy potential and strong rental demand.?
Property Facts
| Price Per Room | $107,692 | Building Size | 8,036 SF |
| Sale Type | Investment | No. Rooms | 39 |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1999/2020 |
| Property Subtype | Hotel | Parking Ratio | 6.72/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 3.14 AC | Opportunity Zone |
Yes
|
| Zoning | B-2 - Highway Business | ||
| Price Per Room | $107,692 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.14 AC |
| Building Size | 8,036 SF |
| No. Rooms | 39 |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2020 |
| Parking Ratio | 6.72/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B-2 - Highway Business |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 39 | $76.00 | - |
Property Taxes
| Parcel Number | 25-622-0010 | Improvements Assessment | $2,123,000 |
| Land Assessment | $144,000 | Total Assessment | $2,267,000 |
Property Taxes
Parcel Number
25-622-0010
Land Assessment
$144,000
Improvements Assessment
$2,123,000
Total Assessment
$2,267,000
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