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Active
Listed
$2,500,000
/mo   Edit
MLS# 5656344
Commercial
Built 1992
4.96 acres
Aitkin schools
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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
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1992
    City: Aitkin
    County: Aitkin
    State: MN
    Zip Code: 56431

    Interior

    Building Fin Sq Ft: 36,328 ft²

    Exterior

    Heating System: Forced Air
    Foundation Size: 32,340 ft²
    Handicap Accessible: Other
    Exterior Material: Aluminum Siding, Steel Siding
    Garage Spaces: 0
    Other Parking Spaces: 60

    Lot

    Acres: 4.96
    Latitude: 46.53398421
    Longitude: -93.72530829
    Lot Size Dim.: 50x150
    Zoning: Business/Commercial

    Schools

    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

    Unit

    Total Units: 39

    Miscellaneous

    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

    Mortgage Calculator

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    Payment:  /mo

    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Wits Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.