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MLS# 5656344
Built 1992
4.96 acres
Aitkin schools
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    Description:   Now is the ideal time to invest for the future! The 40 Club Inn, Banquet Center & Restaurant is an ideal central MN hotel and event center opportunity off major US/MN HWY intersection! 39 rooms, 2400 sq ft indoor pool area, 10, 000+ sq ft event center w/ 6, 000 sq ft of divisible event space. Full commercial kitchen. Additionally, the 40 Club Restaurant/Bar is always hopping and an absolute town favorite. Three successful businesses in one package. Don't miss this opportunity to own a true gem of hospitality in Central Minnesota. Additional 9.53 acre parcel to the North can be purchased as well for further development! Buyer and buyer's agent to verify all measurements and information. Financial performance data can be provided upon request.
    List Price: $2,500,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1992
    City: Aitkin
    County: Aitkin
    State: MN
    Zip Code: 56431


    Building Fin Sq Ft: 36,328 ft²


    Heating System: Forced Air
    Foundation Size: 32,340 ft²
    Handicap Accessible: Other
    Exterior Material: Aluminum Siding, Steel Siding
    Garage Spaces: 0
    Other Parking Spaces: 60


    Acres: 4.96
    Latitude: 46.53398421
    Longitude: -93.72530829
    Lot Size Dim.: 50x150
    Zoning: Business/Commercial


    School District: 8001
    District Phone: 218-927-2115

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $10,366
    Assessment Pending: No
    Taxes w/ Assessments: $10,366


    Total Units: 39


    Current Use: Restaurant, Bar/Tavern, Hotel/Motel, Resort, Commercial, Event Space
    Fuel System: Electric, Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common, Electric Common
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.

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    Listing provided by RMLS, courtesy of Wits Realty.
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.