403 5th Street N Wheaton, MN - Image 1403 5th Street N Wheaton, MN - Image 2403 5th Street N Wheaton, MN - Image 3

$285,000

0 Beds 0 Baths 0 SQFT 0.29 Acres
Type: Commercial

403 5th Street N
Wheaton, MN 56296

MLS#: 7135786
Deb Luzinski
Deb Luzinski
The Real Estate Advantage
Realtor, Licensed in MN & WI
Phone: 651.247.5410
Office: 952.226.7700
Presented by: Aire LLC

Property Description

 

Rare chance to own the only motel in Wheaton! 25 rooms and an owners suite, established and operating. Real estate and business is included, With no competing motel in the area, the Wheaton Inn captures a steady demand from lake traffic, hunters, contractors and travelers passing through. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters and outdoor enthusiasts. Being offered with all furnishings, fixtures and equipment minus what is in the owners personal quarters. This is an owner-operator opportunity with room to grow revenue through updates and active advertising. Financials available to qualified buyers with a signed non-disclosure agreement


 

Interior Features

Other Interior Features

BasementCrawl Space, Owner Access
Basement (Y/N)No
Ceiling HeightLess Than 8 Feet
FuelPropane

General

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDryer, Microwave, Refrigerator, Washer
CityWheaton
ContingencyNone
CoolingWall Unit(s)
CountyTraverse
Current UseHotel/Motel
Directionsheading west on 27 head north on 5th st property will be on your left
Garage Spaces1
Gross Income141934
HeatingBaseboard, Boiler
High School DistrictWheaton Area Schools
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total25
Operating Expense58370
OwnerPaysAll Utilities, Cable TV, Common Area Maintenance, Exterior Maintenance, Grounds Care, Hot Water, HVAC Maintenance, Repairs, Roof Maintenance, Snow Removal
Pool FeaturesNone
Possible UseMotel/Hotel
PostalCityWheaton
Property TypeCommercial Sale
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameO Einer Oscarsons Add 02
Tax Annual Amount$5,498
Tax Year2026
Tenant PaysNone
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1955
Zoning DescriptionBusiness/Commercial

Exterior

FencingNone
Foundation Area9,000 sqft
InclusionsBuilding, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
Lot Dimensions380x168
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Gravel, Parking Lot, Paved Lot, Unassigned, Open
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$285,000

0 Beds 0 Baths 0 SQFT 0.29 Acres
Type: Commercial

403 5th Street N
Wheaton, MN 56296

MLS#: 7135786
Deb Luzinski
Deb Luzinski
The Real Estate Advantage
Realtor, Licensed in MN & WI
Phone: 651.247.5410
Office: 952.226.7700