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Hall Lake Cabins 2410 Albion Ave 11 Room Hotel Fairmont, MN 56031 $595,000 ($54,091/Room) 11.47% Cap Rate
Investment Highlights
- Well-located lakeside cabin resort situated on Hall Lake within Fairmont’s Chain of Lakes in Southern Minnesota, offered at an 11.47% cap rate
- Cabins range from 221 sq ft up to 800 sq ft with many improvements made since the current owners purchased in 2018
- Located in a recognized lake community destination that attracts regional visitors throughout the year, supported by outdoor recreation
- 11-cabin resort that sleeps up to 41 situated on 1.574 acres, comprised of six year-round cabins and five seasonal cabins, offering flexible lodging
- Amenities include pontoon rentals, boat slips, firepits, grills, a playground, a fishing dock and a fish cleaning station
Executive Summary
Property Facts
| Price | $595,000 | Building Class | C |
| Price Per Room | $54,091 | Lot Size | 1.57 AC |
| Sale Type | Investment | Building Size | 4,104 SF |
| Cap Rate | 11.47% | No. Rooms | 11 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1955/2018 |
| Property Subtype | Hotel | Corridor | Exterior |
| Price | $595,000 |
| Price Per Room | $54,091 |
| Sale Type | Investment |
| Cap Rate | 11.47% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 4,104 SF |
| No. Rooms | 11 |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2018 |
| Corridor | Exterior |
Amenities
- Smoke-Free
About 2410 ALBION AVE , FAIRMONT, MN 56031
The Property is located in Fairmont, Minnesota, situated directly on Hall Lake within Fairmont’s renowned Chain of Lakes in southern Minnesota. Fairmont is frequently recognized as a regional lake destination, offering a unique waterfront setting that combines small-town charm with a strong recreation-based tourism draw. Positioned just off Interstate 90, the city provides convenient access for guests traveling from across Minnesota and Northern Iowa while maintaining a relaxed lakeside atmosphere. Fairmont’s Chain of Lakes is a defining feature of the community and includes George Lake, Sisseton Lake, Budd Lake, Hall Lake, and Amber Lake, with multiple lakes connected by channels that allow boating access from one lake to another. This interconnected system supports year-round demand for fishing, boating, swimming, and lakeside recreation, making Fairmont a consistent destination for families, outdoor enthusiasts, and seasonal travelers. Hall Lake Cabins benefits from its direct waterfront access and its positioning within the broader “lake life” experience that Fairmont is known for. In addition to its strong recreation appeal, Fairmont serves as a regional hub in southern Minnesota with convenient access via Interstate 90 and a stable base of local services, restaurants, and retail amenities. The city offers a walkable downtown, community events, and year-round attractions that complement its seasonal lake demand, helping draw both leisure travelers and visitors seeking a relaxed small-town destination. Distances from larger cities: Mankato, MN – 75 miles north of Fairmont Rochester, MN - 120 miles East of Fairmont Sioux Falls, SD – 130 miles west of Fairmont Minneapolis–Saint Paul, MN – 140 miles north of Fairmont Des Moines, IA – 160 miles south of Fairmont Nearby airports include Fairmont Municipal Airport (4 miles) and Mankato Regional Airport (65 miles). The nearest international airport is Rochester International Airport, located approximately 115 miles northeast.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 11 | $159.00 | - |
Property Taxes
| Parcel Number | 232270030 | Improvements Assessment | $119,000 |
| Land Assessment | $209,600 | Total Assessment | $328,600 |
Property Taxes
Presented by
Hall Lake Cabins | 2410 Albion Ave
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