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28891428
28891430

646 Lake St. S, Long Prairie, MN 56347

TL
MN 20562182, WI 54895-90 (+2)
Leines Hotel Advisors, Inc.
AS
MN 40956865
Leines Hotel Advisors, Inc.
Listed by Leines Hotel Advisors, Inc.
$1,650,000
177 days on market
Updated 66 days ago
Opportunity zone

Prairie Ridge Inn of Long Prairie

Details
APN 36.001.300
Property Type Hospitality
Sub Type Hotel
Square Footage 5,677
Keys 23
Beds 38
Occupancy 30%
Price per SqFt $291
Broker Co-Op No
Year Built 1994
Year Renovated 2020-2024
Buildings 1
Stories 2
Acreage 1.550
Zoning C-2
Parking Spaces 28 spaces
Parking Per SqFt 4.93
Investment Type Owner/User
Ground Lease No

Independent Hotel | 23 Keys | Owners Apartment | Kitchen/Community Room

Marketing description

An Exceptional Investment Opportunity in Long Prairie, Minnesota

Unlock the potential of Prairie Ridge Inn, a turnkey hospitality property in the thriving community of Long Prairie, Minnesota. This recently renovated hotel offers a unique blend of modern amenities and flexible spaces, making it an attractive option for investors seeking reliable returns and long-term growth.

Property Highlights

  • 23 Guest Rooms: Each room features new carpeting and upgraded amenities, ensuring guest satisfaction and minimizing immediate capital expenditures.

  • All New TVs Since 2020: Modern entertainment options in every room.

  • All Mattresses Replaced Within the Last Three Years: Enhanced comfort for all guests.

  • On-Site Apartment: Ideal for owner-operators, staff accommodation, or extended-stay guests, adding versatility to your revenue streams.

  • Large Community Kitchen & Gathering Area: Perfect for hosting group events, reunions, or community functions—expand your market reach and boost occupancy rates.

  • Recent Renovations: The property has been updated with new carpets and refreshed room amenities, reducing maintenance costs and enhancing appeal.

  • All Rooms Include Refrigerators: Providing added convenience for guests.

  • Prime Location: Situated in Long Prairie, a welcoming town with steady demand from business travelers, tourists, and local events.

  • Extra Land: platted for the addition of a 12-unit apartment building

Investment Advantages

  • Turnkey Condition: Minimal upfront investment required thanks to recent renovations.

  • Flexible Layout: The apartment and gathering spaces provide opportunities for creative marketing and diversified income.

  • Community Engagement: The large kitchen and gathering area position the hotel as a hub for local activities, increasing visibility and repeat business.

  • Growth Potential: With 23 rooms and additional apartment space, there’s ample opportunity to scale operations or introduce new services.

Prairie Ridge Inn is ready for a new owner to capitalize on its strong foundation and welcoming atmosphere. Whether you’re an experienced hotelier or a first-time investor, this property offers the perfect balance of comfort, convenience, and opportunity.

The Prairie Ridge Inn is in central Minnesota in the city of Long Prairie. 27 Miles north of Sauk Center (Interstate 94), 58 miles Northwest of St. Cloud and 124 miles northwest of Minneapolis.

Investment highlights

  • $482K Revenue in 2024

  • 23 Guest rooms

  • Managers apartment

  • All new TVs since 2020

  • All new carpets since 2020

  • All mattresses replaced within the last 3 years. Includes platform bases in all rooms except the handicapped room

  • Large community kitchen and gathering area

  • Continental Washer installed in December 2020.

  • 2 Domestic Water Heaters installed in 2/21/2020 & 3/21/2023

  • Water softener softens hot water only

  • Phone/Internet/TV provided by CTC out of Brainerd

  • Building is fully sprinklered.

Listing Contacts

TL
MN 20562182, WI 54895-90 (+2)
Leines Hotel Advisors, Inc.
AS
MN 40956865
Leines Hotel Advisors, Inc.
Listed by Leines Hotel Advisors, Inc.

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Additional Information

Name
Theodore Leines
License
20562182
Brokerage
Leines Hotel Advisors, Inc
Name
Abe Semere
License
40956865
Brokerage
Leines Hotel Advisors, Inc
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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