MNRS #196052
Motor Lodge, Restaurant and Cocktail Lounge
MNRS #196052
This motor lodge, restaurant and
cocktail lounge has an in-town location with approximately 300 feet frontage on a large
river. The real estate has been surveyed, and there is a 20 unit motel open year-round and
fully winterized, in addition to 4 summer use cottages. The motel has 12 units which have
double beds, refrigerators, and drip coffee pots. There are 8 units which offer queen size
beds. The utilities are all city utilities, and include cable T.V.
Within the motel complex there is an owner's apartment. It has 2 bedrooms with an
expandable three-bedroom unit, a full bath with tub and shower, a living room, and kitchen
and dining room combined. There is an updated boiler installed in 1992 that services the
entire motel and owner's home. There are 4 state licensed aluminum fishing boats used as
rental units.
The river offers access into the
lake from the private dock system. The lake and river both offer excellent walleye,
northern pike, crappie, bluegill and largemouth bass fishing.
The restaurant and cocktail lounge offer seating for approximately 100 guests. There is
a separate bar area and a commercial kitchen which is well-equipped and state health
inspected. It is very well-equipped and furnished throughout. The businesses on the
property are all open year-round and have excellent asphalt off-street parking. For the
last three years the restaurant and bar have been leased and the annual lease is
$38,000.00.
Asking: $750,000.00 fully equipped.
Terms: Cash. (Approximately $400,000.00 on an existing mortgage.) The 1998 real estate
taxes are $6084.00. Ask to see the equipment and fixtures inventory exhibit "A".
Photos and Profit & Loss Statements Upon Request
**Information Herein Deemed Reliable But
Not Guaranteed.**
**Subject to Change at Any Time.**
For More Information Please Call Minnesota Resort Sales at 1-800-342-7420.
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