The Patch Lodge

801 State Ave NE, Warroad, MN

$7,200,000

Price

32,500 sqft

Building Size

3.74 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
32,500 sqft
Lot Area
3.74 acres
Keys
76
Year Built
1983
Floors
2
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.



The city of Warroad can be found up North in Minnesota and is the only American city on the Lake of Woods. Here, visitors and residents can experience the great outdoors, find amazing walleye fishing, and get a taste of Hockeytown USA. Warroad is known for the winter seasons as hockey comes out to play. Home to several Olympic, NHL, collegiate hockey players and the famous Warroad Lakers, this town truly lives up to its reputation.

Highlights
  • 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
Location
Gallery