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This Hospitality Property is no longer advertised on LoopNet.com.

502 Chestnut St
Virginia, MN 55792
 Court Order Sale | Quality Inn & Suites · Hospitality Property For Sale · 77,888 SF

Hotels Minnesota Virginia 502 Chestnut St, Virginia, MN 55792

INVESTMENT HIGHLIGHTS

  • Court Ordered Sale! Currently in Receivership: 502 Chestnut Street is home to the Quality Inn & Suites hotel, a 77-key, 62,641-square-foot asset.
  • Easily accessible and visible at the signalized intersection of Chestnut Street and S 5th Avenue, a built-in benefit for the monument signages.
  • Hotel amenities include free parking, complimentary deluxe continental breakfast, a business center, banquet rooms, an indoor heated pool, and more.
  • Great Owner Operator Opportunity! Highly rated & strong ROI acquisition opp. to join Choice; Quality Inn RevPAR Index at 56.6% of Comp Set YE 2024.
  • Convenient to US Highway 53 South, the US Hockey Hall of Fame, and Essentia Health - Virginia Care Center.
  • Tourism in annual events, outdoor rec., local landmarks, & historic sites; in travel proximity to Grand Rapids, Duluth, Int’l. Falls, & Minneapolis.

PROPERTY FACTS

Sale Condition Auction Sale Building Size 77,888 SF
Type of Ownership Fee Simple No. Stories 5
Property Type Hospitality Year Built/Renovated 1951/2004
Property Subtype Hotel Parking Ratio 0.65/1,000 SF
Building Class B Corridor Interior
Lot Size 1.11 AC Parcel Numbers
090001004860
  • 090001004970
  • 090001005040
  • 090001005050
Zoning B-1 - Central Business District
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.11 AC
Building Size 77,888 SF
No. Stories 5
Year Built/Renovated 1951/2004
Parking Ratio 0.65/1,000 SF
Corridor Interior
Zoning B-1 - Central Business District
Parcel Numbers
090001004860
  • 090001004970
  • 090001005040
  • 090001005050

AMENITIES

  • Business Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
 

  • Listing ID: 35527862

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 502 Chestnut St, Virginia, MN 55792

The Hospitality Property at 502 Chestnut St, Virginia, MN 55792 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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