Nights Inn | 720 Highway 10
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Nights Inn 720 Highway 10
27 Room Hotel Saint Cloud, MN 56304 $1,650,000 ($61,111/Room)
Executive Summary
The Nights Inn has been under the same ownership over last 30 years and has operated very steadily over that time. There is ample room for increased revenue. The current owners have not utilized online booking or a website in the past. Traffic is expected to increase on U.S. 10 now that the major construction has been completed. There is also an excess of C-5 land in front of the property for potential future development. Reason for sale, is owner retirement.
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Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,650,000 | No. Rooms | 27 |
| Price Per Room | $61,111 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1990 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.61/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 4.96 AC | Opportunity Zone |
Yes
|
| Building Size | 15,345 SF |
| Price | $1,650,000 |
| Price Per Room | $61,111 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.96 AC |
| Building Size | 15,345 SF |
| No. Rooms | 27 |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 2.61/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $61.00 | - |
| Guest Room | 24 | $47.00 | - |
PROPERTY TAXES
| Parcel Number | 17.00057.00 | Improvements Assessment | $95,000 (2024) |
| Land Assessment | $585,000 (2024) | Total Assessment | $680,000 (2024) |
PROPERTY TAXES
Parcel Number
17.00057.00
Land Assessment
$585,000 (2024)
Improvements Assessment
$95,000 (2024)
Total Assessment
$680,000 (2024)
zoning
| Zoning Code | C5 (Zoning allow for auto repair, car washes, and drive-through uses.) |
| C5 (Zoning allow for auto repair, car washes, and drive-through uses.) |
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Nights Inn | 720 Highway 10
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