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1955 1st Ave N
Windom, MN 56101
Guardian Inn Motel · Hospitality Property For Sale
·
37 Rooms
Investment Highlights
- Located in an "Opportunity Zone"
- Current Property Tax Abatement
- Totally Remodeled Apartment Complex
Executive Summary
Affordable housing investment opportunity featuring a thoughtfully converted motel comprised of 37 apartment units across three buildings.? Originally constructed in 2000 and extensively renovated in 2020, the property offers modernized interiors with updated kitchens, bathrooms, and durable vinyl plank flooring throughout.? The complex includes 10 detached garages, 4 storage lockers, an on-site leasing office, laundry facility, and dedicated mail room, providing residents with convenient amenities and strong operational functionality.? This asset benefits from an existing property tax abatement, enhancing cash flow and long-term investment performance.? Positioned in a community experiencing a significant housing shortage, the property fulfills an important affordable housing need while offering stable occupancy potential and strong rental demand.?
Property Facts
| Price Per Room | $158,439 CAD | Building Size | 33,164 SF |
| Sale Type | Investment | No. Rooms | 37 |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 2000/2020 |
| Property Subtype | Hotel | Parking Ratio | 1.85/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 3.14 AC | Opportunity Zone |
Yes
|
| Zoning | B-2 - Highway Business | ||
| Price Per Room | $158,439 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.14 AC |
| Building Size | 33,164 SF |
| No. Rooms | 37 |
| No. Stories | 1 |
| Year Built/Renovated | 2000/2020 |
| Parking Ratio | 1.85/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B-2 - Highway Business |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 37 | $174.47 CAD | - |
Property Taxes
| Parcel Number | 25-622-0010 | Improvements Assessment | $2,934,835 CAD |
| Land Assessment | $199,066 CAD | Total Assessment | $3,133,901 CAD |
Property Taxes
Parcel Number
25-622-0010
Land Assessment
$199,066 CAD
Improvements Assessment
$2,934,835 CAD
Total Assessment
$3,133,901 CAD
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