$535,000

106 Parkway Avenue S

Lanesboro MN, 55949

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 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.

Details

MLS#5492174
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1888
Days On Site371

Features

Units9
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Area Information
StateMN
CountyFillmore
CityLanesboro
Zip Code55949
Listing VS Median (in 55949)
Price:
$535,000
low | high
Med:
$147,400
100% of Average
On Site:
371
low | high
Med:
236.5
100% of Average
Sourced by Back At You
Listing Updated: February 24, 2021 10:39:28 AM PST
Christopher Fritch LogoMLS Number: 5492174
Listing Provided By:
Christopher Fritch  of  Keller Williams Classic Realty

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