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530 W Christenson Ave 11,200 SF 100% Leased Retail Building Appleton, MN 56208 $290,000 ($25.89/SF)
Investment Highlights
- TURN-KEY OPERATION WITH SELLER AVAILABLE TO ASSIST WITH TRANSITION TO NEW OWNER
- 11,200 SQ FT BLDG WITH TWO KITCHENS, TWO BARS AND TWO LARGE ENTERTAINMENT AREAS
- SPACIOUS VENUE FOR WEDDINGS, CONFERENCE, TOURNAMENTS AND ENTERTAINMENT GATHERINGS
Executive Summary
Operating since 1983, Shooters is historically known as our areas premier event venue for weddings, conferences, banquets, and celebrations. The special designed custom built bar is the focal point of the welcoming atmosphere. From friends to family and folks near and far this is the place to gather. ENDLESS POSSIBILITIES!!!!!!!!!!!!
Property Facts Under Contract
About 530 W CHRISTENSON AVE , APPLETON, MN 56208
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 Taxes
| Parcel Number | 22-0922-000 | Improvements Assessment | $74,800 |
| Land Assessment | $40,200 | Total Assessment | $115,000 |
Property Taxes
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530 W Christenson Ave
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