Sold: Lanesboro MLS# 5735442
Sold
$535,000 (list price)
$527,500
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 â??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
Listing Status:
Sold
Contingency:
None
List Price:
$535,000
Sold Price:
$527,500
Sold Date:
08/17/2021
Property Type:
Commercial
City:
Lanesboro
Garage Spaces:
1
County:
Fillmore
Year Built:
1888
State:
MN
Property Style:
Apartments
Zip Code:
55949
Subdivision Name:
Lanesboro Original
Interior
Finished Building Area:
3,840 ft2
Refrigerators:
Five
Appliances Included:
- Dishwasher
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
Basement Details:
- Finished
- Full
- Walkout
Exterior
Garage Spaces:
1
Other Parking Spaces:
5
Air Conditioning:
Window Unit(s), Central Air
Foundation Size:
1 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- Heated Garage
- Insulated Garage
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
Waterfront Present:
N
Waterfront Name:
Root River
Waterfront View:
River
DNR Lake ID#:
S9990269
Lake Chain Name:
N
Lake Acres:
0
Lake Depth:
0
Waterfront:
River View
Lot & Land
Acres:
0.16
Geolocation:
43.7200395401, -91.9769201787
Inclusions:
Building, Business, Land, Inventory, Fixture/Equipment
Lot Dimensions:
1
Addl Parcels:
190212000
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
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$5,198
Land Lease Amount:
0
Units
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
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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.