$188,000
Lanesboro, MN 55949
MLS# 5681910
Status: Closed
1 / 29
Property Description
Well established Coffee Inn (Bed & Breakfast potential) is turnkey and ready to produce income immediately! The possibilities are endless…make the front 3 bedroom/2 bath home yours while renting out the back 4 hotel rooms OR rent out the entire property which includes 8 units OR purchase the home next door and package the entire property to obtain the quintessential B&B! Lanesboro is a hidden gem nestled in the bluffs just 40 miles from Rochester & is known as the B&B capital of MN. Home is only 1½ blocks from the quaint downtown and close to the Root River and highly rated bike trail. Home offers great outdoor spaces with beautiful bluff views and has plenty of parking. The spacious back 4 suite rooms all come with full private baths. Updates include newer roof, windows and vinyl siding. Business is very successful and has an outstanding reputation. You will see the pride in ownership the second you step inside! Truly a one of a kind opportunity...call today to take a look!
Details
Maps
Documents
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Availability: Unavailable
Status: Closed
Off Market Date: 2021-02-27
Current Price: $188,000
Closed Date: 2021-04-19
Sales Close Price: 188000
Original List Price: 197500
Contingency: None
ListPrice: 197500
List Date: 2020-11-03
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Business/Commercial,Other
Foundation Size: 1200
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: Irregular
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: LANESBORO ORIGINAL PLAT LOT-009 BLOCK-014 LOT 9 EX S 34' & LOT 10 EX S 34' OF E9' BLK 14
Map Page: 999
Municipality: Lanesboro
Rental License?: Yes
School District Phone: 507-467-2229
Map Coordinate Source: King's Street Atlas
House Number: 305
Street Name: Coffee
Street Suffix: Street
Postal City: Lanesboro
County: Fillmore
State: MN
Zip Code: 55949
Property ID Number: TBD
Complex/Dev/Subdivision: Lanesboro Original
Tax Year: 2020
Tax Amount: 3264
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Well established Coffee Inn (Bed & Breakfast potential) is turnkey and ready to produce income immediately! The possibilities are endless…make the front 3 bedroom/2 bath home yours while renting out the back 4 hotel rooms OR rent out the entire property which includes 8 units OR purchase the home next door and package the entire property to obtain the quintessential B&B! Lanesboro is a hidden gem nestled in the bluffs just 40 miles from Rochester & is known as the B&B capital of MN. Home is only 1½ blocks from the quaint downtown and close to the Root River and highly rated bike trail. Home offers great outdoor spaces with beautiful bluff views and has plenty of parking. The spacious back 4 suite rooms all come with full private baths. Updates include newer roof, windows and vinyl siding. Business is very successful and has an outstanding reputation. You will see the pride in ownership the second you step inside! Truly a one of a kind opportunity...call today to take a look!
Directions: Hwy 52 South to east on CR8 to north on Parkway Ave N to east on Coffee Street E
Assessments
Tax With Assessments: 3264
Building Information
Building Finished SqFt: 2400
Building SqFt: 3000
Green Verification
Green Certification: No
Miscellaneous Information
FIPS Code: 27045
Sale Options
Sale Includes: Business,Business Assets,Building,Land,Inventory,Fixture/Equipment
Unit Details
Total Units: 5
Property Features
Accessible: None
Air Conditioning: Central; Wall
Amenities Shared: Deck; Patio; Porch
Basement: Partial
Construction Status: Previously Owned
Current Use: Bed & Breakfast; Hotel/Motel
Exterior: Vinyl
Fencing: Partial; Privacy
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Lot Description: Irregular Lot
No. of Ranges: One
No. of Refrigerators: One
On Site Utilities: Electric Common; Heating Common
Parking Characteristics: Driveway - Asphalt; Driveway - Shared
Rental License Type: Standard
Road Frontage: City Street
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected
Listing Office: Re/Max Advantage Plus
Last Updated: May - 18 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2022 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.