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$535,000  (list price)
$527,500
/mo Edit
Commercial:  Apartments
Built 1888
0.16 acres
Lanesboro schools
MLS# 5735442
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    Property Description

    Turnkey business opportunity at hotel in Historical District of Lanesboro This immaculate inn is the only hillside retreat in the heart of town, frequently recognized as a most beautiful small town. It offers a total of 9 units of various size & stunning on-site family residence. Completely renovated w/gorgeous updates, the inn features 5 private room & 4 apartments –advantageous when many other lodging options can only offer rooms with 1 bed. Located across from the Root River Trail w/65 miles of biking, x country skiing, canoeing & fishing. Guests enjoy peace & breathtaking views, all within walking distance of the arts, fine eateries, shops & more. The tiered hill offers more green space than any other lodging option in town, perfect for horseshoes, bag toss, or just a relaxing by the firepit. This hotel also offers significant growth opportunity to new owners, including a full bed and breakfast license not utilized but option is there.

    Listing

    Contingency: None
    City: Lanesboro
    County: Fillmore
    State: MN
    Property Style: Apartments
    Zip Code: 55949

    Interior

    Building Finished Area: 3,840 ft2
    Appliances Included:
    • Dishwasher
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Total Refrigerators: Five
    Basement Details:
    • Finished
    • Full
    • Walkout

    Exterior

    Garage Spaces: 1
    Other Parking Spaces: 5
    Air Conditioning: Window Unit(s), Central Air
    Heating System: Forced Air
    Foundation Size: 1 ft2
    Handicap Accessible: None
    Shared Amenities:
    • Common Garden
    • Deck
    • Patio
    • Tennis Court(s)
    Unit Amenities:
    • Balcony
    • Ceiling Fan(s)
    • Deck
    • Hardwood Floors
    • Kitchen Window
    • Main Floor Master Bedroom
    • Master Bedroom Walk-In Closet
    • Natural Woodwork
    • Panoramic View
    • Patio
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    • Township
    Exterior Material: Wood Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lake & Waterfront

    Lake / Waterfront: River View
    Lake / Waterfront Name: Root River
    DNR Lake ID#: S9990269
    Lake Acres: 0
    Lake Depth: 0

    Lot

    Acres: 0.16
    Geolocation: 43.72003954, -91.97692018
    Lot Dimensions: 1
    Dev/Complex Name: Lanesboro Original
    Zoning: Business/Commercial
    Lot Description: Tree Coverage - Medium

    Schools

    School District: 229
    District Phone: 507-467-2229

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $5,198
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,198

    Unit

    Total Units: 9

    Miscellaneous

    Current Use:
    • Bed & Breakfast
    • Hotel/Motel
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of eXp Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.