600 22nd St - Hospitality FOR SALE


Benson, MN 56215
$995,000 USD
630-570-2200
600 22nd St, Benson, MN for Sale
$995,000 USD
Hospitality - FOR SALE
1/21
null | 23.43% Cap Rate

600 22nd St
Benson, MN 56215


HIGHLIGHTS

  • Strategic Location
  • Proximity to Major Employers
  • Outdoor Attractions
  • Well-Maintained Property
  • Spacious Manager's Quarters
  • Extra Acreage for Expansion

OVERVIEW

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors The Benson Motel (‘Motel’ or ‘Property’) located in Benson, Minnesota. The independent motel is offered at $995,000 or $47,381 per key. The property spans 2.11 acres, offering versatile potential for development or use. Please contact the agent for additional details and opportunities. The Benson Motel is a two-story motel with 21 rooms, located at 600 22nd Street S in Benson, Minnesota. The motel is prominently visible and easily accessible from US Highway 12, near MN 9, and is located less than a mile from the Chippewa River. Various common area amenities at the Property include coin laundry, ice machine and lobby with adjoining kitchen room. The property features a spacious manager's quarters, comprised of a generous two-bedroom apartment with a large detached double garage. The current ownership has pridefully maintained the property, investing over $210,000 in capital expenditures, which includes a complete exterior renovation with paint, signage, fully renovated public spaces and on-site residence, as well as renovated guestrooms featuring updated appliances and TVs. Benson’s strategic location in west-central Minnesota offers a unique balance of accessibility and small-town charm, making it an ideal place for motel investment. The town is conveniently situated along Highway 9 and is easily accessible off Route 12. The Benson Municipal Airport is conveniently located 3.1 miles away, providing easy access for travelers heading to nearby regions. Benson, MN, is approximately 33 miles from Montevideo, 31 miles from Willmar, 140 miles from Minneapolis, 150 miles from Saint Paul, and 160 miles from Sioux Falls, SD, offering convenient access to several major cities. Significant regional employers such as Case IH, Chippewa Valley Ethanol Company, and Swift County-Benson Health Services contribute to the local economy, providing stability and a consistent demand for lodging from business travelers. The local economy is further supported by annual community events such as the Kid Day Celebration and the Swift County Fair, which attract visitors and participants from across the region, enhancing the motel's occupancy rates. Benson is also within reach of several outdoor attractions, such as Lac qui Parle State Park and the Outdoors Inn Campground located on the Chippewa River, drawing tourists looking to explore the natural beauty of the area. Additionally, Benson is surrounded by many of Minnesota’s wildlife management areas (WMA’s). These are a part of Minnesota’s outdoor recreation system and are established to protect those lands and waters that have a high potential for wildlife production, public hunting, trapping, fishing, and other compatible recreational uses. Drawing hunter’s and fishermen from all over to help preserve wildlife and provide opportunities for recreation. The area is home to the 18-hole Benson Golf Club, a popular spot for golf enthusiasts, as well as the Benson Family Aquatic Center, offering recreation for families and individuals. The Swift County Museum and the DeMarce Theatre, the only operating theater in Swift County, add cultural value, while the local Benson Dog Park provides a pet-friendly space for visitors. The town is also home to an indoor hockey and skating rink, further expanding recreational options for guests. BROKER OF RECORD Jon Ruzicka Minnesota P: (952) 852-9700 Lic #: 40583288

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$95 USD /SF

# OF ROOMS

21

PRICE/ROOM

$47,381 {currency}

CAP RATE

23.43%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Benson Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

24

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

Business/Commercial

APN/PARCEL ID

23-1248-000,23-1249-000

ASK ABOUT THIS PROPERTY

Kristen BlackshawMarcus & MillichapMore Info
630-570-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kristen BlackshawMarcus & MillichapMore Info
630-570-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.