For Sale
$6,500,000

1205 43Rd StGrand Forks, ND 58203

100-Room Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional 100-key Ramada by Wyndham hotel presents a lucrative investment opportunity in Grand Forks, North Dakota. Boasting 74,519 square feet on a 5.4-acre lot, this established property offers a diverse range of amenities including a 6,310 square foot event center, heated indoor pool, hot tub, kid/baby pool, fitness center, business center, meeting rooms, a lounge with electronic gaming, and a restaurant with banquet hall capabilities. Ample parking accommodates various vehicles and trailers. Strategically located near the intersection of Highway 2 and I-29, it enjoys convenient proximity to Grand Forks International Airport (GFK) (five miles), Grand Forks Air Force Base and Grand Sky aviation park (15 miles), the Alerus Center, and the Ralph Engelstad Arena (one mile). Built in 1972, the hotel is zoned B3 and offers significant potential for growth and return on investment. The asking price is $6,500,000, translating to $87.23 per square foot. This turnkey operation is ready for a new owner to capitalize on its established reputation and prime location within a thriving community. The property's strong location and extensive amenities make it an ideal investment for experienced hospitality operators seeking a well-established and profitable venture.

Highlights

  • 100-key Ramada by Wyndham hotel in Grand Forks, ND, offering a lucrative investment opportunity.
  • 74,519 sq ft building on a 5.4-acre lot, zoned B3.
  • Extensive amenities include a 6,310 sq ft event center, indoor pool, hot tub, fitness center, and restaurant with banquet hall.
  • Prime location near I-29 and Hwy 2, close to Grand Forks International Airport (GFK), Grand Forks Air Force Base, and Alerus Center.
  • Asking price: $6,500,000 ($87.23/sq ft).

Property Details for 1205 43Rd St

Property type
Other hospitality properties, Hotels
Square Feet
74,519 SF
Year Built
1972
Lot Size (sq. ft)
235,224 SF

Location Insight

City
Grand Forks
County
Grand Forks
State
North Dakota
Latitude
47.931282926667
Longitude
-97.090788580253
1205 43Rd St, Grand Forks, North Dakota

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1205 43Rd St
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