1955 N 1st Avenue Windom, MN
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CALLING HOSPITALITY INVESTORS! Motel business for sale in south central Minnesota. Highway visibility with three buildings/ 39 units (32 with attached garages). Approximately half of the units have been remodeled. Prime redevelopment opportunity for apartments, assisted living or other extended-stay uses. Appraised for $1, 900, 000 (2015); Financials available upon request with nondisclosure consent. Highlights: 3 Buildings; 39 Units (32 w/attached garages) Redevelopment Opportunity Main Building with Lobby, Breakfast Area, Laundry, Restrooms, Front Desk Excellent Price! Opportunity Zone investment - Move the gains from your taxable investment (real estate, stock and business sales) and defer all gains until 2026. Eliminate 15% of your capital gains if funds held in opportunity zone for 7 years. Hold investment for 10 years and exclude accured capital gains. Location More than 13, 500 VPD drive by this Motel. Highly visible location from First Avenue - just North of State Highway 60. 120 Miles Southwest of Minneapolis/Twin Cities Metro, 60 miles southwest of Mankato. Windom's population is 4.646 and is the county seat of Cottonwood County. Windom is host to several parks including a disc golf course at Mayflower Park. The Des Moines River flows through Windom and serves as a gentle, rapid-free canoeing spot. Annual summer festival, Riverfest, is held on the second weekend in June and Winter-River-Fest is held in February, bringing visitors in from south central Minnesota.