$139,000
$154,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
10,454 Sqft Lot
SOLD DATE : 02/19/2021
Key Details
Sold Price $139,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Lanesboro First Add
MLS Listing ID 5614136
Sold Date 02/19/21
Year Built 1900
Annual Tax Amount $2,160
Tax Year 2020
Contingent None
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 70x140
Property Description
Charming Inn nestled on a corner lot in picturesque Lanesboro, the heart of Minnesota’s scenic Bluff Country. The thoroughly updated, turn-key ready property is a 10-minute walk from the historic downtown. With five units, the Inn - operating since 1992 - has outstanding reviews and a solid rental history. Guests will revel in the gorgeous outdoor patio and garden area, offering a peaceful retreat. With the Root River Bike Trail, art galleries, live theater, shopping, and water sports, this vibrant and welcoming community offers year-round activities, or take the winter off! There are endless possibilities for this property - Airbnb, group vacation home, B&B, or reconversion to a private residence. Motivated sellers offer painting credit, guest list, and assistance ensuring smooth transition. Option available to purchase the two historic rental cabins that are currently part of the business, and lovely craftsman home, both located together on the same lot 1.5 blocks away from the Inn.
Location
State MN
County Fillmore
Zoning Business/Commercial
Rooms
Basement Owner Access, Partial, Stone/Rock, Unfinished
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace No
Appliance Dryer, Refrigerator, Washer, Water Softener Owned
Exterior
Garage Detached, Gravel, Gravel
Garage Spaces 1.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt
Present Use Commercial, Hotel/Motel
Parking Type Detached, Gravel, Gravel
Building
Lot Description Corner Lot, Tree Coverage - Light
Story Two
Foundation 1080
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Wood Siding
Schools
School District Lanesboro
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