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1915 Highway 59 S
Thief River Falls, MN 56701

Americas Best Value Inn & Suites Thief River · Hospitality Property For Sale · 21,175 SF

Investment Highlights

  • Q3 2021 Room Revenue - $607K
  • New hardwood style flooring in all rooms - 2018
  • Microwave/Fridge in all rooms
  • New roof on pool wing in 2020
  • New mattresses, bed frames and drapes in all rooms - 2018
  • 40” TV’s in all rooms

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.30 AC
Building Size 21,175 SF
Number of Floors 1
Year Built/Renovated 1974/2018
Parking Ratio 7.5/1,000 SF
Corridor Interior

Amenities

  • Business Centre
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wi-Fi

About 1915 Highway 59 S , Thief River Falls, MN 56701

This is a beautiful property in excellent condition with a 1,200 sq. ft. residence, perfect for an owner/operator or manager live in. Completely updated by the current owner with 44 units and upgraded breakfast area. Rooms are interior corridor. It includes a large indoor swimming pool with an expansive pool deck that features tile flooring and a wood vaulted ceiling. The pool enclosure is built with insulated concrete foam walls for high durability and low energy costs. This property is located 294 miles northwest of Minneapolis MN and 91 miles northwest of Bemidji MN in beautiful Northern Minnesota. It is on the southern entrance to the city on Highway 59 and is the first property you come to when arriving in Thief River Falls from the south. It is 65 miles from the Canadian border. The America’s Best Value Inn is accessed directly off of Highway 59 South as you enter the city. It is immediately adjacent to a family restaurant which you can easily walk to from the hotel. There are also several retail services close-by including additional fast food. Thief River Falls, sometimes referred to as Thief River or abbreviated as TRF, is a city in Pennington County in the northwest portion of the U.S. state of Minnesota. The population was 8,800 as of 2019. Thief River Falls is the county seat for Pennington County. U.S. Highway 53 is a popular route between northwestern Minnesota and southeastern Manitoba/Winnipeg. In 2019, the latest year for which traffic counts are available, an average of 5,700 vehicle passed by the subject hotel daily.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-25.04400110
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£985,183

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 24731448

  • Date on Market: 28/12/2021

  • Last Updated:

  • Address: 1915 Highway 59 S, Thief River Falls, MN 56701

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