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Property Types
801 State Ave NE
Address: 801 State Ave NE, Warroad, Minnesota, US
Created date: March 19, 2024
Date last updated: April 10, 2024
- 76 units/ 2 stories
- Full service
- 2.3 x Gross Revenue Multiplier
- Listing includes adjacent vacant parcel
- Restaurant/Lounge with exceptional revenue located on site
- 2023 Room Revenue: $1,884,306, 2023 Gross Revenue: $3,092,537
- 2023 NOI: $1,118,811
- 14.53% 2023 Cap Rate
- Substantial CapEx Completed
- Construction underway for an Event Center along the Warroad River
Property Description
The Bowman Post Group of NewGen Advisory is pleased to present for sale The Patch Lodge located in Warroad, MN along with a lucrative restaurant and grill called Izzy's. This property is well located off Minnesota State Highways 11 and 313. The Patch Lodge is just 2 miles from the Warroad Memorial International Airport and 7.5 miles south of the Canadian border, making this property a convenient stop for many travelers.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings | Hospitality |
| Price: | $7,200,000 |
| No. of Units: | 76 |
| Year Built: | 1983 |
| Lot Size: | 3.74 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $94,737 |
| Property Website | Click Here |
Address: 801 State Ave NE, Warroad, MN 56763, USA
Provided by: 
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