$188,000
$197,500
4.8%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 04/19/2021
Key Details
Sold Price $188,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Lanesboro Original
MLS Listing ID 5681910
Sold Date 04/19/21
Year Built 1890
Annual Tax Amount $3,264
Tax Year 2020
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions Irregular
Property Description
Well established Coffee Inn (Bed & Breakfast potential) is turnkey and ready to produce income immediately! The possibilities are endless…make the front 3 bedroom/2 bath home yours while renting out the back 4 hotel rooms OR rent out the entire property which includes 8 units OR purchase the home next door and package the entire property to obtain the quintessential B&B! Lanesboro is a hidden gem nestled in the bluffs just 40 miles from Rochester & is known as the B&B capital of MN. Home is only 1½ blocks from the quaint downtown and close to the Root River and highly rated bike trail. Home offers great outdoor spaces with beautiful bluff views and has plenty of parking. The spacious back 4 suite rooms all come with full private baths. Updates include newer roof, windows and vinyl siding. Business is very successful and has an outstanding reputation. You will see the pride in ownership the second you step inside! Truly a one of a kind opportunity...call today to take a look!
Location
State MN
County Fillmore
Zoning Business/Commercial,Other
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling Central Air, Wall Unit(s)
Fireplace No
Exterior
Parking Features Asphalt, Shared Driveway
Utilities Available Electric Common, Heating Common
Roof Type Asphalt
Present Use Bed & Breakfast,Hotel/Motel
Building
Lot Description Irregular Lot
Story Two
Foundation 1200
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Vinyl Siding
Schools
School District Lanesboro
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