1020 E 1st St | Park Rapids, MN 56470
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- LoopNet Team
1020 E 1st St
Park Rapids, MN 56470
Super 8 - Park Rapids MN · Hospitality Property For Sale · 28,255 SF
Investment Highlights
- 1020 E 1st Street is a Super 8 branded hotel in Park Rapids Minnesota that possesses 28,255 SF and 62 guest rooms.
- Fantastic investment opportunity to acquire a well established hospitality brand that has been a mainstay business in the community.
- Located within an opportunity zone, providing any new owner the opportunity to capitalize on property tax incentives.
- Prime location to capture outdoor enthusiasts with unparrelled access to trails, lakes, rivers and more.
- Great location within a prominent Park Rapids retail strip alongside other hotel brands and retail spots such as Walmart and Dollar Tree.
- Just 20 minutes from Itasca State Park that is a huge draw with over 500,000 visitors annually.
PROPERTY FACTS
| Sale Conditions | Auction Sale | Building Size | 28,255 SF |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1978 |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.95 AC |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 28,255 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Corridor | Interior |
Amenities
- Business Center
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 32.25.00300 | Improvements Assessment | $1,311,100 |
| Land Assessment | $200,500 | Total Assessment | $1,511,600 |
PROPERTY TAXES
Parcel Number
32.25.00300
Land Assessment
$200,500
Improvements Assessment
$1,311,100
Total Assessment
$1,511,600
zoning
| Zoning Code | Commercial |
| Commercial |
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