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For Sale:  Owatonna MLS# 7146134

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Active Lender Owned
$1,350,000
/mo Edit
Commercial:  Other
25 br • 25 ba • Built 1953
0.534 acres
Owatonna schools
MLS# 7146134
763-576-8286
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    Property Description

    Investment opportunity! Available for purchase! Owner established hospitality business with a proven operating history and two proven streams of income under one roof! This property includes 13 traditional motel units, 12 extended stay units. A total of 25 units and if that wasn't enough this motel includes a spacious 4 bedroom management residence. Conveniently offers front office & lobby with mini bar and check in-out desk. The Oakdale Motel in the heart of Owatonna operated since 1998 is a well known lodging destination serving Owatonna and the surrounding communities located near I-35 and US Hwy 14. Oakdale Motel has an established presence in the local hospitality market. The combination of traditional and extended stay accommodations provides flexibility to capture both short term and long term guests. This is more than a motel it's an income producing investment with 2 revenue streams of income with an established market presence and room to grow. Oakdale Motel deserves a serious look!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,350,000
    Property Type: Commercial
    City: Owatonna
    Garage Spaces: 0
    County: Steele
    Year Built: 1953
    State: MN
    Property Style: Other
    Zip Code: 55060
    Subdivision Name: South Oak Comm Twnhs

    Interior

    Bedrooms: 25
    Bathrooms: 25
    Ceiling Height: 8-10
    Flooring: Carpet, Tile, Vinyl
    Refrigerators: One Per Unit
    Appliances Included:
    • Cooktop
    • Range
    • Refrigerator
    Basement Details: None

    Exterior

    Garage Spaces: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 7,509 ft2
    Fencing: None
    Handicap Accessible: No Stairs External
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features: Paved Lot
    Unit Amenities:
    • Cable
    • Ceiling Fan(s)
    • Hot Tub
    • Tile Floors
    Road Frontage: City Street
    Exterior Material: Frame
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.534
    Geolocation: 44.068682, -93.226557
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Leases
    Lot Dimensions: 23261
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 761
    District Phone: 5074448610

    Expenses

    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $4,448
    Lender-owned: Yes
    Assessment Pending: No
    Taxes w/ Assessments: $4,448

    Units

    Total Units: 25

    Miscellaneous

    Current Use: Hotel/Motel
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common
    Water System: City Water/Connected
    Power Company Name: Other

    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 Real Broker, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.