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For Sale:  Wheaton MLS# 7100433

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Active NEW!
$325,000
/mo Edit
Commercial:  1 Story
Built 1955
0.29 acres
Wheaton Area schools
MLS# 7100433
763-576-8286
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    Property Description

    Rare chance to own the only motel in Wheaton; 25 keys and an owners suite, established and operating, real estate and business included. With no competing motel in town, the Wheaton Inn captures steady demand from lake traffic, hunters, contractors, and travelers passing through Traverse County. Rooms feature TVs, mini-fridges, and microwaves, free Wi-Fi, on-site parking, and a pet-friendly setup. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters, and outdoor visitors. Being offered with all furnishings, fixtures, and equipment. This is an owner-operator opportunity with room to grow revenue through updates and active management. Financials available to qualified buyers with a signed confidentiality agreement.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $325,000
    Property Type: Commercial
    City: Wheaton
    Garage Spaces: 1
    County: Traverse
    Year Built: 1955
    State: MN
    Property Style: 1 Story
    Zip Code: 56296
    Subdivision Name: O Einer Oscarsons Add 02

    Interior

    Ceiling Height: Less Than 8 Feet
    Flooring: Carpet
    Refrigerators: One Per Unit
    Appliances Included:
    • Dryer
    • Microwave
    • Refrigerator
    • Washer
    Basement Details:
    • Crawl Space
    • Owner Access

    Exterior

    Stories: One
    Garage Spaces: 1
    Air Conditioning: Wall Unit(s)
    Foundation Size: 9,000 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    Parking Features:
    • Detached Garage
    • Gravel
    • Open
    • Parking Lot
    • Paved Lot
    • Unassigned
    Pool: None
    Roof Details: Age 8 Years or Less

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.29
    Geolocation: 45.808837, -96.490994
    Inclusions: Building, Business Assets, Business
    Lot Dimensions: 380 x 168
    Zoning: Business/Commercial

    Schools

    School District: 803
    District Phone: 3205638283

    Expenses

    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,588
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,588

    Income

    Annual Gross Income: $127,713

    Rent

    Annual Net Income: $29,771

    Units

    Total Units: 25

    Miscellaneous

    Current Use: Hotel/Motel
    Fuel System: Propane
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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