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Econo Lodge Grand Forks 900 N 43rd St 45 Room Hotel Grand Forks, ND 58203 $1,850,000 ($41,111/Room)
Investment Highlights
- Multiple Choice Hotels Gold Award recipient
- Additional land available for overflow parking or future development
- Comprehensive renovation completed in 2015
- Strong visibility and convenient access to major Grand Forks destinations
Executive Summary
The Econo Lodge of Grand Forks is a 45-key limited-service hotel and a multiple Choice Hotels Gold Award recipient. Renovated in 2015, the property features updated guest rooms, new FF&E, plumbing improvements, and hardwood flooring throughout.
The hotel offers 34 double queen rooms, 5 king rooms, and 6 suites on a 1.79-acre site with additional land for overflow parking or future development. Ideally located near the University of North Dakota, Ralph Engelstad Arena, Alerus Center, and Grand Forks International Airport, the property is well positioned to serve business, leisure, and event-driven travel.
The hotel offers 34 double queen rooms, 5 king rooms, and 6 suites on a 1.79-acre site with additional land for overflow parking or future development. Ideally located near the University of North Dakota, Ralph Engelstad Arena, Alerus Center, and Grand Forks International Airport, the property is well positioned to serve business, leisure, and event-driven travel.
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- Offering Memorandum
Property Facts
| Price | $1,850,000 | Building Size | 19,205 SF |
| Price Per Room | $41,111 | No. Rooms | 45 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1988/2015 |
| Property Subtype | Hotel | Parking Ratio | 1.04/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.00 AC | ||
| Zoning | B1 | ||
| Price | $1,850,000 |
| Price Per Room | $41,111 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 19,205 SF |
| No. Rooms | 45 |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2015 |
| Parking Ratio | 1.04/1,000 SF |
| Corridor | Exterior |
| Zoning | B1 |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $122.00 | - |
| Guest Room | 39 | $76.00 | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 44111500005003 | Improvements Assessment | $367,500 |
| Land Assessment | $195,500 | Total Assessment | $563,000 |
Property Taxes
Parcel Number
44111500005003
Land Assessment
$195,500
Improvements Assessment
$367,500
Total Assessment
$563,000
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Contact the Sale Advisor
Econo Lodge Grand Forks | 900 N 43rd St