Microtel Inn & Suites by Wyndham

200 St. Andrews Drive Mankato, MN

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Sale Price: $2,890,000

Building Size: 8,665 sq. ft.

Total Available Space: 8,665 sq. ft.

Suite Size: 8,665 Sq. Ft.

Property Type: Hospitality

Year Built: 2005

Property Description

Property Features

  • 59-room hotel
  • Building size: 8,665 sq. ft.
  • Lot size: 1.12 acres
  • Daily occupancy: 60%
  • ADR: $70.84
  • Year built: 2005
  • Zoning: Commercial
  • 2019 Revenue: $950,000

Pricing

  • Price reduced: $2,890,000 ($48,983/ key)
  • 2018 Real Estate Taxes: $55,032
  • Financials available upon request

Location

  • Mankato metro population: 64,000
  • Area neighbors include: Paw Pet Resort, Menards, Home Depot, Kwik Trip, Discount Tire, Fleet Farm

Brokers

Dale Zomer

Senior Vice President

Office Phone: (605) 444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile