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Active
Listed
$875,000
/mo   Edit
MLS# 5029357
2102 Main Street E
Albert Lea, MN 56007
Commercial
Built 1969
1.51 acres
Albert Lea schools
Info: 763-576-8286
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    Description:   Great owner-operator Motel, Independently owned 49 room Motel with spacious 3 bedroom living quarters.Located on a highly visible, high traffic count, main roadway in Albert Lea MN, easy access to I-35 & I-90.Close to restaurants and convenience store. 15 min from Casino. Motel offers continental breakfast, refrigerator, microwave and air conditioning in all rooms plus wireless internet access.
    List Price: $875,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1969
    City: Albert Lea
    Zip Code: 56007

    Interior

    Building Fin Sq Ft: 15,554 ft²

    Exterior

    Air Conditioning: Ductless Mini-Split
    Heating System: Space/Wall Heater
    Foundation Size: 15,554 ft²
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Vinyl
    Garage Spaces: 50
    Other Parking Spaces: 55
    Roof Details: Asphalt Shingles

    Lot

    Acres: 1.51
    Latitude: 43.65382900
    Longitude: -93.33952100
    Lot Size Dim.: 220x300
    Zoning: Business/Commercial

    Schools

    School District: 241 - Albert Lea
    District Phone: 507-379-4800

    Expenses

    Owner Expenses: Broadband, Cable T.V.

    Financial & Taxes

    Tax Year: 2017
    Annual Taxes: $12,379
    Assessment Pending: Yes
    Taxes w/ Assessments: $13,104

    Unit

    Total Units: 49

    Miscellaneous

    Current Use: Hotel/Motel
    Fuel System: Electric
    Owner Occupied: Y
    Sale Includes: Building, Business, Land, Other
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
    Richard
    Smyth
    TruStone
    Chrissy
    Von Itter
    Movement
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Leland Realty, Inc