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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
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
|
| 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 |
| Zoning | C - Commercial |
Amenities
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $110.00 | - |
| Guest Room | 37 | $72.00 | - |
1 1
Property Taxes
| Parcel Number | 56-0-158300 | Improvements Assessment | $673,800 |
| Land Assessment | $142,500 | Total Assessment | $816,300 |
Property Taxes
Parcel Number
56-0-158300
Land Assessment
$142,500
Improvements Assessment
$673,800
Total Assessment
$816,300
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Forty Club Inn | 960 2nd St NW
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