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Econo Lodge Waite Park 815 S 1st St 94 Room Hotel Waite Park, MN 56387 $2,400,000 ($25,532/Room)
Investment Highlights
- Located in Waite Park, a thriving suburb of St. Cloud, just one hour north of Minneapolis.
- Strong regional connectivity and visibility in a high-demand hospitality corridor.
- Adjacent to a wide range of restaurants and entertainment venues, enhancing guest convenience.
- Minutes from the Mississippi River and Crossroads Center Shopping Mall, a major regional retail destination.
Executive Summary
This hotel property at 815 S 1st Street in Waite Park, Minnesota, presents an excellent investment opportunity in a growing hospitality market. Conveniently located just one hour north of Minneapolis, Waite Park is a vibrant suburb of St. Cloud, offering strong regional connectivity and a steady flow of visitors. The property benefits from its proximity to the Mississippi River and the popular Crossroads Center Shopping Mall, ensuring consistent demand from leisure and business travelers alike.
Property Facts
| Price | $2,400,000 | Lot Size | 2.44 AC |
| Price Per Room | $25,532 | Building Size | 34,218 SF |
| Sale Type | Investment | No. Rooms | 94 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1975/2006 |
| Property Subtype | Hotel | Parking Ratio | 2.6/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | 3A | ||
| Price | $2,400,000 |
| Price Per Room | $25,532 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 34,218 SF |
| No. Rooms | 94 |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2006 |
| Parking Ratio | 2.6/1,000 SF |
| Corridor | Interior |
| Zoning | 3A |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
About 815 S 1ST ST , WAITE PARK, MN 56387
- conveniently located 1 hour North of Minneapolis, Waite Park is a suburb of St. Cloud, Minnesota - next door to a range of restaurants - minutes from the Mississippi River and Crossroads Center Shopping Mall
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 94 | $65.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 98.60541.0000 | Improvements Assessment | $673,100 |
| Land Assessment | $554,100 | Total Assessment | $1,227,200 |
Property Taxes
Parcel Number
98.60541.0000
Land Assessment
$554,100
Improvements Assessment
$673,100
Total Assessment
$1,227,200
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Presented by
Owen Lee
Econo Lodge Waite Park | 815 S 1st St
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