The Classic Allyndale Motel

Duluth, MN
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Asking Price:$700,000
Real Estate:$791,500
Gross Revenue:$146,374
Established Year:1952
BUSINESS DESCRIPTION

The Allyndale Motel is located at the first exit off Interstate 35 in Duluth, MN, it has a very rural feel while being located within the city. The Allyndale Motel consists of four buildings, three are connected by a breezeway and have a mix of 21 rooms, (10 with single queen beds, 2 with single queen beds and kitchenettes, 7 with two queen beds, 3 with two queen beds and kitchenettes, 3 two bedroom suites with two bedrooms and eat in kitchen, can sleep 6 and 1 with a king bed and a deck. Owner/Manager’s quarters are five rooms on the second floor over the lobby. Built in the mid 20th Century it has tried to maintain that look and feel, while giving way to more modern amenities such as Flat Screen TVs, cable and wifi. The ample parking area is capable of hold cars, trucks and trailers of various sizes. Also, there is a four vehicle garage with one heated bay. The Allyndale Motel is an eight minute ride to the center of downtown and attractions such as Bayfront Festival Park and the Duluth Entertainment Convention Center. The Allyndale Motel is appraised at $ 791,500 and assessed for $ 649,800


DETAILED INFORMATION
Location
Duluth, MN
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
7,531
Employees
3
Growth & Expansion
Duluth is a growing city; we are backed up to state land. We considered expanding the parking lot and placing three story building with eight single bed rooms off the parking lot, pull up to your room. Behind these rooms would be laundry facilities, a breakfast area. The second floor would be two bed rooms overlooking the parking lot and a view of the river. Behind these rooms would be rooms with Jacuzzis opening up onto the lawn. The third floor would be rooms with two bed rooms. My con to this was that I should have started it when I was younger.
Reason for Selling
Retirement

BUSINESS LOCATION
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Charles Goll
Charles Goll