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The Benson Motel 600 22nd St

21 Room Hotel Benson, MN 56215 $995,000 ($47,381/Room) 23.43% Cap Rate

Investment Highlights

  • Strategic Location
  • Outdoor Attractions
  • Spacious Manager's Quarters
  • Proximity to Major Employers
  • Well-Maintained Property
  • Extra Acreage for Expansion

Executive Summary

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors The Benson Motel (‘Motel’ or ‘Property’) located in Benson, Minnesota. The independent motel is offered at $995,000 or $47,381 per key. The property spans 2.11 acres, offering versatile potential for development or use. Please contact the agent for additional details and opportunities.
The Benson Motel is a two-story motel with 21 rooms, located at 600 22nd Street S in Benson, Minnesota. The motel is prominently visible and easily accessible from US Highway 12, near MN 9, and is located less than a mile from the Chippewa River. Various common area amenities at the Property include coin laundry, ice machine and lobby with adjoining kitchen room. The property features a spacious manager's quarters, comprised of a generous two-bedroom apartment with a large detached double garage.
The current ownership has pridefully maintained the property, investing over $210,000 in capital expenditures, which includes a complete exterior renovation with paint, signage, fully renovated public spaces and on-site residence, as well as renovated guestrooms featuring updated appliances and TVs.
Benson’s strategic location in west-central Minnesota offers a unique balance of accessibility and small-town charm, making it an ideal place for motel investment. The town is conveniently situated along Highway 9 and is easily accessible off Route 12. The Benson Municipal Airport is conveniently located 3.1 miles away, providing easy access for travelers heading to nearby regions. Benson, MN, is approximately 33 miles from Montevideo, 31 miles from Willmar, 140 miles from Minneapolis, 150 miles from Saint Paul, and 160 miles from Sioux Falls, SD, offering convenient access to several major cities.
Significant regional employers such as Case IH, Chippewa Valley Ethanol Company, and Swift County-Benson Health Services contribute to the local economy, providing stability and a consistent demand for lodging from business travelers. The local economy is further supported by annual community events such as the Kid Day Celebration and the Swift County Fair, which attract visitors and participants from across the region, enhancing the motel's occupancy rates.
Benson is also within reach of several outdoor attractions, such as Lac qui Parle State Park and the Outdoors Inn Campground located on the Chippewa River, drawing tourists looking to explore the natural beauty of the area. Additionally, Benson is surrounded by many of Minnesota’s wildlife management areas (WMA’s). These are a part of Minnesota’s outdoor recreation system and are established to protect those lands and waters that have a high potential for wildlife production, public hunting, trapping, fishing, and other compatible recreational uses. Drawing hunter’s and fishermen from all over to help preserve wildlife and provide opportunities for recreation. The area is home to the 18-hole Benson Golf Club, a popular spot for golf enthusiasts, as well as the Benson Family Aquatic Center, offering recreation for families and individuals. The Swift County Museum and the DeMarce Theatre, the only operating theater in Swift County, add cultural value, while the local Benson Dog Park provides a pet-friendly space for visitors. The town is also home to an indoor hockey and skating rink, further expanding recreational options for guests.
BROKER OF RECORD
Jon Ruzicka
Minnesota
P: (952) 852-9700
Lic #: 40583288

Property Facts

Price $995,000
Price Per Room $47,381
Sale Type Investment
Cap Rate 23.43%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.11 AC
Building Size 10,500 SF
No. Rooms 21
No. Stories 2
Year Built/Renovated 1974/2022
Parking Ratio 2.29/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 21 $99.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-1248-000
Land Assessment
$18,100
Improvements Assessment
$202,400
Total Assessment
$220,500

zoning

Zoning Code Business/Commercial
Business/Commercial
  • Listing ID: 34479353

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 600 22nd St, Benson, MN 56215

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