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Forty Club Inn 960 2nd St NW 39 Room Hotel Aitkin, MN 56431 $1,500,000 ($38,462/Room) 11.33% Cap Rate

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INVESTMENT HIGHLIGHTS

39 room hotel with indoor pool and hot tub

10,000 sq ft event center with full commercial kitchen and bar

EXECUTIVE SUMMARY

39 room hotel with indoor pool and a 10,000 sq ft event center with full commercial kitchen and bar.

PROPERTY FACTS

Price	$1,500,000	Building Size	20,000 SF
Price Per Room	$38,462	No. Rooms	39
Sale Type	Investment	No. Stories	2
Cap Rate	11.33%	Year Built/Renovated	1990/1995
Property Type	Hospitality	Parking Ratio	3.5/1,000 SF
Property Subtype	Hotel	Corridor	Interior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	2.03 AC
Zoning	C - Commercial

Price	$1,500,000
Price Per Room	$38,462
Sale Type	Investment
Cap Rate	11.33%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.03 AC
Building Size	20,000 SF
No. Rooms	39
No. Stories	2
Year Built/Renovated	1990/1995
Parking Ratio	3.5/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C - Commercial