$2,832,500
Park Rapids, MN 56470
MLS# 6333238
Status: Closed
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Property Description
The Super 8 Motel, offers 62 rooms and has been a mainstay business in the Park Rapids Area with over 42 years of success, with proven financial stability, nationwide franchise exposure and name recognition. Park Rapids a destination hub for avid summer and winter enthusiasts alike, including fisherman, ice fisherman, hikers, bikers, ATV Riders, Off-Road Vehicle operators, and Snowmobilers. This property is an auction.
Details
Maps
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Auction Type: Reserve
Status: Closed
Off Market Date: 2023-05-09
Current Price: $2,832,500
Closed Date: 2023-05-23
Sales Close Price: 2832500
Original List Price: 1
Contingency: None
ListPrice: 1
List Date: 2023-02-22
Owner is an Agent?: No
Auction?: Yes
Office/Member Info
Association: GLAR
General Property Information
Buyer’s Premium?: Yes
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: Yes
Year Built: 1979
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 13072
For Sale or Lease: For Sale
Acres: 1.95
Lot Dimensions: 194x481x194x431
Assessment Pending: No
Location, Tax and Other Information
Legal Description: SECT-25 TWP-140 RANGE-035 1.95 AC E193 OF W853 OF NE1/4 OF NE1/4 LYING N OF EASTWOOD FIRST ADD EX HWY R/W
Map Page: 999
Municipality: Park Rapids
Rental License?: No
School District Phone: 218-237-6500
Map Coordinate Source: King's Street Atlas
House Number: 1020
Street Name: 1st
Street Suffix: Street
Street Direction Suffix: E
Postal City: Park Rapids
County: Hubbard
State: MN
Zip Code: 56470
Zip Plus 4: 187
Property ID Number: 322500300
Complex/Dev/Subdivision: Eastwood First Add
Tax Year: 2022
Tax Amount: 52322
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Auctioneer License: 40750750
Directions & Remarks
Public Remarks: The Super 8 Motel, offers 62 rooms and has been a mainstay business in the Park Rapids Area with over 42 years of success, with proven financial stability, nationwide franchise exposure and name recognition.
Park Rapids a destination hub for avid summer and winter enthusiasts alike, including fisherman, ice fisherman, hikers, bikers, ATV Riders, Off-Road Vehicle operators, and Snowmobilers. This property is an auction.
Directions: From 34/71 in Park Rapids, East on 34 to property.
Assessments
Tax With Assessments: 52322
Building Information
Building Finished SqFt: 25728
Building SqFt: 25728
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27057
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 35
Section#: 25
Township#: 140
Sale Options
Sale Includes: Building,Business Assets,Business,Fixture/Equipment,Inventory,Land,Other
Unit 1
No. of 1 Bedroom Units: 62
Unit Details
Total Units: 62
Property Features
Accessible: Accessible Elevator Installed; Fully Wheelchair; Grab Bars In Bathroom
CMU Style: Other
Construction Status: Previously Owned
Current Use: Hotel/Motel
Exterior: Vinyl
Fuel: Electric; Natural Gas
Heating: Boiler; Other
Lock Box Type: None
On Site Utilities: Electric Common
Potential Use: Motel/Hotel
Sewer: City Sewer - In Street
Special Listing Conditions: Auction
Water: City Water/Connected
Listing Office: Wolff & Simon Real Estate
Last Updated: May - 24 - 2023
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