Southern Minnesota B & B on the Root River - 1960167

HISTORIC SOUTHERN MINNESOTA B & B
ON THE ROOT RIVER
MNRS #1960167

MINNESOTA RESORT SALES IS PROUD TO OFFER ONE OF MINNESOTA’S MOST HISTORIC LANDMARKS IN LANESBORO, RIGHT ON THE ROOT RIVER. THIS BUSINESS HAS ENJOYED MANY FEATURE ARTICLES IN NATIONAL PUBLICATIONS.

BUILT IN 1872 AND COMPLETELY REMODELED JUST A FEW YEARS BACK, THIS REGISTERED HISTORIC BUILDING HAS ALL THE CHARM OF AN 1800’s ERA BUILDING WITH TODAY’S MODERN FACILITIES. THERE ARE NEW COMMERCIAL- GRADE ELECTRICAL, PLUMBING AND HVAC SYSTEMS THROUGHOUT.

CONSTRUCTED INTO AN INN IN 1983, THE BUILDING WAS GUTTED TO THE STONE WALLS AND FLOORS AND COMPLETELY REFRAMED AND FISISHED WITH MODERN CONSRUCTION MATERIALS TO EMULATE A TURN OF THE CENTURY INN.

THE CURRENT OWNERS CHOOSE TO BE OPEN SEASONALLY, HOWEVER THEY DO GET CALLS FROM GUESTS YEAR ROUND AND THERE IS DEFINITELY AN OPPORTUNITY TO RUN THIS BUSINESS YEAR ROUND. THE WELL APPOINTED COMMERCIAL KITCHEN FACILITY HAS A TREMENDOUS UPSIDE AS WELL. THE OWNERS ARE ONLY OFFERING BREAKFAST TO GUESTS AT THIS TIME. IF YOU, AS THE NEW OWNERS, WOULD OPEN THE DINING FACILITY TO THE PUBLIC, IT WOULD MOST CERTAINLY INCREASE REVENUES. THE FORMER GOURMET RESTAURANT, WHICH WAS WELL KNOWN IN THE MIDWEST, CONTINUES TO GET REGULAR CALLS FOR DINNER. THE BOOKS ON THIS PROPERTY ARE STRONG AND THERE IS ROOM TO GROW THE INCOME.

THIS BUSINESS OFFERS THE FOLLOWING: 10 TOTAL ROOMS, ALL WITH PRIVATE BATHROOM FACILITIES, 1 ROOM CURRENTLY USED BY THE OWNERS.

THERE IS AN INCREDIBLE LOWER LEVEL DINING FACILITY WITH VINTAGE FURNITURE, CHECK-IN/OFFICE AREA, RESTROOMS AND AN APPROVED NSF KITCHEN FACILITY. THE SEATING CAPACITY IS 45 GUESTS. THE RESTAURANT LEVEL ALSO CONTAINS THE OWNERS ROOM WHICH COULD BE ALSO USED AS ANOTHER GUEST ROOM.

BELOW THE RESTAURANT LEVEL IS A FULL BASEMENT THAT IS COMPLETELY HEATED AND AIR CONDITIONED AND CONTAINS A SUPPLY/FOOD STORAGE ROOM AND A LARGE ENCLOSED WORK SHOP.

THE MAIN FLOOR, AT STREET LEVEL, HAS A WOOD FIREPLACE, COMMON SITTING AREA, GUEST BAR AND 3 GUEST SUITES AND A FULLY EQUIPPED LAUNDRY ROOM.

THE RESTAURANT AND LOBBY LEVELS BOTH HAVE LARGE EXTERIOR DECKS FOR GUEST USE.

THE UPPER FLOOR CONTAINS 6 GUEST SUITES.

SOME ROOMS HAVE VIEWS OF THE ROOT RIVER.

THE TROUT FISHING IS ALSO FANTASTIC RIGHT ON THE PROPERTY. THERE ARE EXQUISITE GARDENS ON THE RIVER SIDE THAT YOU PASS THROUGH ON YOUR WAY TO THE RIVER. IN ADDITION TO FISHING, THE AREA OFFERS ITS GUESTS AN ABUNDANCE OF OUTDOOR ACTIVITIES. THE ROOT RIVER NOT ONLY PROVIDES WORLD CLASS TROUT FISHING, GUESTS CAN KAYAK, CANOE OR BIKE THE STATE TRAIL. THE AREA IS EXTREMELY UNIQUE IN ITS OFFERINGS.

IF YOU ARE LOOKING TO ESCAPE THE HECTIC PACE OF BIG CITY LIVING, THIS IS YOUR CHANCE. THE TOWN OF LANESBORO HAS A POPULATION OF AROUND 700 PEOPLE. THIS AREA SWELLS IN THE SUMMER MONTHS WITH VISITORS FROM ALL OVER THE COUNTRY. THE CHAMBER OF COMMERCE IS CONSTANTLY PROMOTING THIS QUAINT TOWN AND WORKS DILIGENTLY ON BEHALF OF THE LOCAL BUSINESSES TO ATTRACT VISITORS ALL YEAR LONG. YOU WILL NOT BE DISAPPOINTED IF YOU CHOOSE TO TAKE A LOOK AT THIS ONE!!

SALE PRICE: $795,000.00
TERMS: CASH, BANK FINANCING, CONTRACT FOR DEED

MINNESOTA RESORT SALES CAN PROVIDE BUYERS WITH A PORTFOLIO AFTER A NON-DISCLOSURE IS SIGNED AND RETURNED TO THIS OFFICE.

**Information Herein Deemed Reliable But Not Guaranteed.**
**Subject to Change at Any Time.**

Mike Anderson, Commercial Agent/Manager
1-218-389-6305
mnrs@moose-tec.com

Minnesota Resort Sales