$285,000
MLS# 7135786
1 / 4
Property Description
Rare chance to own the only motel in Wheaton! 25 rooms and an owners suite, established and operating. Real estate and business is included, With no competing motel in the area, the Wheaton Inn captures a steady demand from lake traffic, hunters, contractors and travelers passing through. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters and outdoor enthusiasts. Being offered with all furnishings, fixtures and equipment minus what is in the owners personal quarters. This is an owner-operator opportunity with room to grow revenue through updates and active advertising. Financials available to qualified buyers with a signed non-disclosure agreement
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $285,000
Contingency: Inspection
ListPrice: 285000
List Date: 2026-08-28
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 30
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1955
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 380x168
Acres: 0.29
Foundation Size: 9000
Garage Stalls: 1
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: LOTS 1,2,3,4,5,6,7 & NORTH 31 FT. LOT 8 & 33' X 381' ADJOINING WEST SIDE OF LOTS
Listing City: Wheaton
Map Page: 999
Municipality: Wheaton
School District: Wheaton Area Schools
School District Phone: 320-563-8283
Zip Plus 4: 1495
Property ID Number: 230738000
Tax Year: 2026
Tax Amount: 5498
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Rare chance to own the only motel in Wheaton! 25 rooms and an owners suite, established and operating. Real estate and business is included, With no competing motel in the area, the Wheaton Inn captures a steady demand from lake traffic, hunters, contractors and travelers passing through. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters and outdoor enthusiasts. Being offered with all furnishings, fixtures and equipment minus what is in the owners personal quarters. This is an owner-operator opportunity with room to grow revenue through updates and active advertising. Financials available to qualified buyers with a signed non-disclosure agreement
Directions: heading west on 27 head north on 5th st property will be on your left
Accessible
None: 1
Air Conditioning
Wall Unit(s): 1
Appliances
Dryer: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Assessments
Assessment Balance: 90
Tax With Assessments: 5588
Basement
Crawl Space: 1
Owner Access: 1
Building Information
Building Finished SqFt: 9000
Ceiling Height: Less Than 8 Feet
Construction Status
Previously Owned: 1
Exterior
Wood: 1
Fencing
None: 1
Flooring
Carpet: 1
Foundation
Slab: 1
Fuel
Propane: 1
Heating
Baseboard: 1
Boiler: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Owner Pays
All Utilities: 1
Cable TV: 1
Common Area Maintenance: 1
Exterior Maintenance: 1
Grounds Care: 1
Hot Water: 1
HVAC Maintenance: 1
Lawn: 1
Repairs: 1
Roof Maintenance: 1
Snow Removal: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Gravel Lot: 1
Paved Lot: 1
Unassigned: 1
Uncovered/Open: 1
Patio, Porch and Deck Features
Patio: 1
Pool Description
None: 1
Rental License Type
Other: 1
Road Responsibility
Public Maintained Road: 1
Roof
Age 8 Years or Less: 1
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
Sewer
City Sewer/Connected: 1
Stories
One: 1
Unit Details
Total Units: 25
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Expenses: 58370
Annual Gross Income: 141934
No. of Ranges
One: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
None: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Other: 1
Current Use
Hotel/Motel: 1
Potential Use
Motel/Hotel: 1
Location Tax and Other Information
Postal City: Wheaton
County: Traverse
State: MN
Zip Code: 56296
Complex/Dev/Subdivision: O Einer Oscarsons Add 02
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Appliances: Dryer; Microwave; Refrigerator; Washer
Basement: Crawl Space; Owner Access
CMU Style: Other
Construction Status: Previously Owned
Current Use: Hotel/Motel
Exterior: Wood
Fencing: None
Flooring: Carpet
Foundation: Slab
Fuel: Propane
Heating: Baseboard; Boiler
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: All Utilities; Cable TV; Common Area Maintenance; Exterior Maintenance; Grounds Care; Hot Water; HVAC Maintenance; Lawn; Lawn; Repairs; Roof Maintenance; Snow Removal
Parking Characteristics: Parking Lot; Gravel Lot; Paved Lot; Unassigned; Uncovered/Open
Pool Description: None
Potential Use: Motel/Hotel
Rental License Type: Other
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: None
Water: City Water/Connected
Listing Office: Aire LLC
Last Updated: September - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
