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Investment Highlights

  • 49 guest rooms with established operational history
  • Attached 3-bedroom, 2-bath owner/operator residence
  • Located along East Main Street, a primary commercial artery with strong visibility
  • Offered at $1.4M with value-add and operational upside
  • Positioned near I-35 & I-90 interchange, a major regional travel corridor
  • Serves demand from interstate travelers, contractors, and regional business activity

Executive Summary

2102 East Main Street presents a 49-room motel opportunity in Albert Lea, Minnesota. The property sits along East Main Street, one of the primary commercial corridors serving the city, providing consistent visibility, direct access, and proximity to major travel routes connecting southern Minnesota with northern Iowa.
Albert Lea benefits from steady visitor traffic driven by interstate travel, regional business activity, and recreation centered around the city’s lakes. The property is positioned near Interstate 35 and Interstate 90, supporting a consistent flow of travelers. Guests benefit from convenient access to nearby dining, retail services, and regional employers, reinforcing both overnight and extended-stay demand.
The motel includes 49 guest rooms and offers an established hospitality operation within a stable Midwestern market. The layout supports efficient day-to-day operations, while the room count provides strong revenue potential for an owner-operator or investor.
The property also features a caretaker/owner home connected to the lobby, configured as a 3-bedroom, 2-bathroom unit. This provides an opportunity for onsite management or additional rental income. In addition, a 2.5-stall garage is located at the rear of the property, offering functional storage and operational support space.
Albert Lea continues to serve as a regional hub for travelers, contractors, and business visitors. Its connectivity to major highways, combined with access to lakes, parks, and outdoor recreation, supports consistent year-round lodging demand.

Property Facts

Price $1,904,714 CAD
Price Per Room $38,872 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.51 AC
Building Size 15,554 SF
No. Rooms 49
No. Stories 1
Year Built 1969
Parking Ratio 2.89/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning B-2 - B-2

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 49 $68.03 CAD -
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
34.244.0080
Land Assessment
$309,784 CAD
Improvements Assessment
$537,096 CAD
Total Assessment
$846,880 CAD
  • Listing ID: 40286953

  • Date on Market: 2026-04-24

  • Last Updated:

  • Address: 2102 E Main St, Albert Lea, MN 56007

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