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Red Carpet Inn Windom 222 3rd Ave S 32 Room Hotel Windom, MN 56101 $750,000 ($23,438/Room)
Executive Summary
Motel Investment Opportunity – Windom, MN
Asking Price: $750,000
Price per Key: $23,437
Building Size: 13,942 SF
Lot Size: 1.54 Acres
Year Built: 1971
This turnkey motel presents a compelling hospitality investment with strong in-place revenue and recent capital improvements. Located in Windom, MN, the property sits on a spacious 1.54-acre parcel and includes a two-bedroom manager’s apartment, providing efficient on-site management and operational stability.
The property has been recently upgraded with a new steel roof (2024) and new windows (2024), reducing near-term capital expenditures. Guests are offered modern conveniences, including secure electronic door locks, Wi-Fi throughout the property, and updated in-room amenities that appeal to both short-term and extended-stay travelers.
Each guest room is equipped with a microwave, refrigerator, and 40" LED television. The motel also features guest laundry facilities, a dedicated housekeeping/service area, and all furniture, fixtures, and equipment (FF&E) are included in the purchase price, allowing for a seamless transition to new ownership.
Investment Highlights
Asking Price: $750,000
2025 Room Revenue: $259,000
Financials available upon request
All FF&E included
Two-bedroom manager’s apartment
New steel roof (2024)
New windows (2024)
Secure electronic door locks
Microwaves & refrigerators in every room
40" LED TVs
Guest laundry
Housekeeping/service area
Wi-Fi throughout the property
This offering represents an attractive opportunity to acquire a stabilized motel asset with recent improvements, solid room revenue, and upside potential through continued operations or enhanced marketing strategies.
Asking Price: $750,000
Price per Key: $23,437
Building Size: 13,942 SF
Lot Size: 1.54 Acres
Year Built: 1971
This turnkey motel presents a compelling hospitality investment with strong in-place revenue and recent capital improvements. Located in Windom, MN, the property sits on a spacious 1.54-acre parcel and includes a two-bedroom manager’s apartment, providing efficient on-site management and operational stability.
The property has been recently upgraded with a new steel roof (2024) and new windows (2024), reducing near-term capital expenditures. Guests are offered modern conveniences, including secure electronic door locks, Wi-Fi throughout the property, and updated in-room amenities that appeal to both short-term and extended-stay travelers.
Each guest room is equipped with a microwave, refrigerator, and 40" LED television. The motel also features guest laundry facilities, a dedicated housekeeping/service area, and all furniture, fixtures, and equipment (FF&E) are included in the purchase price, allowing for a seamless transition to new ownership.
Investment Highlights
Asking Price: $750,000
2025 Room Revenue: $259,000
Financials available upon request
All FF&E included
Two-bedroom manager’s apartment
New steel roof (2024)
New windows (2024)
Secure electronic door locks
Microwaves & refrigerators in every room
40" LED TVs
Guest laundry
Housekeeping/service area
Wi-Fi throughout the property
This offering represents an attractive opportunity to acquire a stabilized motel asset with recent improvements, solid room revenue, and upside potential through continued operations or enhanced marketing strategies.
Property Facts
| Price | $750,000 | Building Size | 12,209 SF |
| Price Per Room | $23,438 | No. Rooms | 32 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1977 |
| Property Type | Hospitality | Parking Ratio | 3.52/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.54 AC | ||
| Zoning | B-2 - Highway zone B-2, Commercial | ||
| Price | $750,000 |
| Price Per Room | $23,438 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.54 AC |
| Building Size | 12,209 SF |
| No. Rooms | 32 |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 3.52/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | B-2 - Highway zone B-2, Commercial |
Amenities
- Wheelchair Accessible
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 32 | $59.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 25-716-0110 | Improvements Assessment | $560,000 |
| Land Assessment | $184,400 | Total Assessment | $744,400 |
Property Taxes
Parcel Number
25-716-0110
Land Assessment
$184,400
Improvements Assessment
$560,000
Total Assessment
$744,400
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Red Carpet Inn Windom | 222 3rd Ave S
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