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Green Meadow Inn 300 Highway 7 12 Room Hotel Clara City, MN 56222 $469,000 ($39,083/Room)

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Executive Summary

The opportunity to own your own business & work from home can be your reality in purchasing this turn-key newly updated 15 Unit motel with private living quarters. Set upon 1.06 acres, this 5,310 sq ft motel is located along Hwy 7, in Clara City, MN, just east of the busy State Hwys 7 & 23 intersection. The current owner of this beautiful property has made over $200,000 of improvements within the last 5 years of ownership. Improvements include: Brand New Steel Roof that includes the roof being rebuilt from flat to now slanted, and from a rubber roof to now steel roof; New Double Pane Windows throughout the bldg; New Front Sidewalk; New central Furnace & AC, plus New PTAC HVAC Units in each living unit; New Propane Water Heater System, Upgraded Electrical Breaker & Wiring; Replacement and re-wiring of new security cameras; the re-routing of sewer vents to eliminate unnecessary holes in the roof; Conversion of former 3 bedroom private living quarter to a 2 bedroom private living quarter to then add on a fully operated public laundry room that offers two coin operated washers and two coin operated dryers; upgrade of 50" TVs in every unit; Replacement of all LEDs in the Commercial sign; Plus ongoing general maintenance, painting, cleaning, lawn care & snow removal. The private Living Quarter offers a spacious kitchen, living room, two bedrooms, full bath and private laundry. The additional 14 units are fully furnished with private beds, 55" TVs, lounge chairs, private bathrooms, cable & high speed Wi-Fi service, refrigerators, microwaves, bathroom towels & bedding, lamps and night stands. All inventory will be included as listed above. The basement offers great storage space and an egress window. The exterior of the home is block & brick, with a fully tar paved u-shaped driveway. Continuing in full operation, the Units are currently being rented out by the night at $85 - $95 per night. One of the untis is handicapped accessible. There is also the option to make the units an "extended stay" type of rental property. "PRISTINE & SUPER CLEAN" best describe this wonderful property. An opportunity you don't want to miss!

Property Facts

Price	$469,000	Lot Size	1.10 AC
Price Per Room	$39,083	Building Size	4,844 SF
Sale Type	Investment	No. Rooms	12
Sale Conditions	Bulk/Portfolio Sale Business Value Included	No. Stories	1
Property Type	Hospitality	Year Built	1959
Property Subtype	Hotel	Parking Ratio	4.12/1,000 SF
Building Class	C	Corridor	Exterior
Zoning	HC - Commercial

Price	$469,000
Price Per Room	$39,083
Sale Type	Investment
Sale Conditions	Bulk/Portfolio Sale Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.10 AC
Building Size	4,844 SF
No. Rooms	12
No. Stories	1
Year Built	1959
Parking Ratio	4.12/1,000 SF
Corridor	Exterior
Zoning	HC - Commercial

Wheelchair Accessible

Public Access Wifi

Smoke-Free

Smoke Detector

About 300 HIGHWAY 7 , CLARA CITY, MN 56222

The opportunity to own your own business & work from home can be your reality in purchasing this turn-key newly updated 15 Unit motel with private living quarters. Set upon 1.06 acres, this 5,310 sq ft motel is located along Hwy 7, in Clara City, MN, just east of the busy State Hwys 7 & 23 intersection. The current owner of this beautiful property has made over $200,000 of improvements within the last 5 years of ownership. Improvements include: Brand New Steel Roof that includes the roof being rebuilt from flat to now slanted, and from a rubber roof to now steel roof; New Double Pane Windows throughout the bldg; New Front Sidewalk; New central Furnace & AC, plus New PTAC HVAC Units in each living unit; New Propane Water Heater System, Upgraded Electrical Breaker & Wiring; Replacement and re-wiring of new security cameras; the re-routing of sewer vents to eliminate unnecessary holes in the roof; Conversion of former 3 bedroom private living quarter to a 2 bedroom private living quarter to then add on a fully operated public laundry room that offers two coin operated washers and two coin operated dryers; upgrade of 50" TVs in every unit; Replacement of all LEDs in the Commercial sign; Plus ongoing general maintenance, painting, cleaning, lawn care & snow removal. The private Living Quarter offers a spacious kitchen, living room, two bedrooms, full bath and private laundry. The additional 14 units are fully furnished with private beds, 55" TVs, lounge chairs, private bathrooms, cable & high speed Wi-Fi service, refrigerators, microwaves, bathroom towels & bedding, lamps and night stands. All inventory will be included as listed above. The basement offers great storage space and an egress window. The exterior of the home is block & brick, with a fully tar paved u-shaped driveway. Continuing in full operation, the Units are currently being rented out by the night at $85 - $95 per night. One of the units is handicapped accessible. There is also the option to make the units an "extended stay" type of rental property. "PRISTINE & SUPER CLEAN" best describe this wonderful property. An opportunity you don't want to miss!