For Sale: Aitkin MLS# 5656344
Est. /mo Edit
Commercial: Business Opportunity
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Description: Now is the ideal time to invest for the future! The 40 Club Inn, Banquet Center & Restaurant is an ideal central MN hotel and event center opportunity off major US/MN HWY intersection! 39 rooms, 2400 sq ft indoor pool area, 10, 000+ sq ft event center w/ 6, 000 sq ft of divisible event space. Full commercial kitchen. Additionally, the 40 Club Restaurant/Bar is always hopping and an absolute town favorite. Three successful businesses in one package. Don't miss this opportunity to own a true gem of hospitality in Central Minnesota. Additional 9.53 acre parcel to the North can be purchased as well for further development! Buyer and buyer's agent to verify all measurements and information. Financial performance data can be provided upon request.
List Price: $2,500,000
Property Type: Commercial
Listing Status: Active
Property Style: Business Opportunity
Year Built: 1992
Zip Code: 56431
Building Fin Sq Ft: 36,328 sqft
Heating System: Forced Air
Foundation Size: 32,340 sqft
Handicap Accessible: Other
Exterior Material: Aluminum Siding, Steel Siding
Garage Spaces: 0
Other Parking Spaces: 60
Lot Size Dim.: 50x150
School District: 8001
District Phone: 218-927-2115
Financial & Taxes
Tax Year: 2020
Annual Taxes: $10,366
Assessment Pending: No
Taxes w/ Assessments: $10,366
Total Units: 39
Current Use: Restaurant, Bar/Tavern, Hotel/Motel, Resort, Commercial, Event Space
Fuel System: Electric, Natural Gas
Sewer System: City Sewer/Connected
Available Utilities: Heating Common, Electric Common
Water System: City Water/Connected
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Local Home Mortgage Professionals
Area Sales Manager
Truestone Home Mortgage
Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.