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$469,000
/mo Edit
Commercial:  1 Story
4 br • 2 ba • Built 1959
1.06 acres
MLS# 7006149
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    Property Description

    The opportunity to own your own business & work from home can be your reality in purchasing this turn-key newly updated 15 Unit motel with private living quarters. Set upon 1.06 acres, this 5, 310 sq ft motel is located along Hwy 7, in Clara City, MN, just east of the busy State Hwys 7 & 23 intersection. The current owner of this beautiful property has made over $200, 000 of improvements within the last 5 years of ownership. Improvements include: Brand New Steel Roof that includes the roof being rebuilt from flat to now slanted, and from a rubber roof to now steel roof; New Double Pane Windows throughout the bldg; New Front Sidewalk; New central Furnace & AC, plus New PTAC HVAC Units in each living unit; New Propane Water Heater System, Upgraded Electrical Breaker & Wiring; Replacement and re-wiring of new security cameras; the re-routing of sewer vents to eliminate unnecessary holes in the roof; Conversion of former 3 bedroom private living quarter to a 2 bedroom private living quarter to then add on a fully operated public laundry room that offers two coin operated washers and two coin operated dryers; upgrade of 50" TVs in every unit; Replacement of all LEDs in the Commercial sign; Plus ongoing general maintenance, painting, cleaning, lawn care & snow removal. The private Living Quarter offers a spacious kitchen, living room, two bedrooms, full bath and private laundry. The additional 14 units are fully furnished with private beds, 55" TVs, lounge chairs, private bathrooms, cable & high speed Wi-Fi service, refrigerators, microwaves, bathroom towels & bedding, lamps and night stands. All inventory will be included as listed above. The basement offers great storage space and an egress window. The exterior of the home is block & brick, with a fully tar paved u-shaped driveway. Continuing in full operation, the Units are currently being rented out by the night at $85 - $95 per night. One of the untis is handicapped accessible. There is also the option to make the units an "extended stay" type of rental property. "PRISTINE & SUPER CLEAN" best describe this wonderful property. An opportunity you don't want to miss!

    Listing

    Contingency: None
    City: Clara City
    County: Chippewa
    State: MN
    Property Style: 1 Story
    Zip Code: 56222
    Subdivision Name: Village/Clara City

    Interior

    Flooring: Luxury Vinyl Plank, Vinyl
    Refrigerators: One Per Unit
    Appliances Included:
    • Microwave
    • Refrigerator
    Basement Details:
    • Block
    • Egress Window(s)
    • Storage Space

    Exterior

    Stories: One
    Garage Spaces: 0
    Garage Dimensions: 0
    Air Conditioning: Central Air, Dual
    Foundation Size: 1,350 ft2
    Handicap Accessible: Fully Wheelchair, Grab Bars In Bathroom, No Stairs External
    Road Responsibility: Public Maintained Road
    Heating System:
    • Forced Air
    • Other
    Parking Features:
    • Asphalt
    • Open
    • Paved Lot
    Unit Amenities:
    • Cable
    • Local Area Network
    Road Frontage:
    • Paved Streets
    • State Road
    • Street Lights
    Roof Details:
    • Age 8 Years or Less
    • Metal

    Rooms

    Shared Rooms:
    • Guest Suite
    • Other

    Lot & Land

    Acres: 1.06
    Geolocation: 44.949592, -95.368584
    Inclusions: Building, Fixture/Equipment, Inventory, Land
    Lot Dimensions: 46610 sq ft
    Zoning: Business/Commercial
    Lot Description:
    • Tree Coverage - Light
    • Underground Utilities

    Schools

    School District: 1068
    District Phone: 3208472154

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,768
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,828

    Units

    Total Units: 15

    Miscellaneous

    Current Use: Hotel/Motel
    Fuel System:
    • Electric
    • Propane
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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    Listing provided by RMLS, courtesy of Hughes Real Estate and Auction.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.