$325,000
403 5th Street N Wheaton, MN 56296
For Sale MLS# 7100433
9,000 sq ft Commercial
Details for 403 5th Street N
MLS# 7100433
Description for 403 5th Street N, Wheaton, MN, 56296
Rare chance to own the only motel in Wheaton; 25 keys and an owners suite, established and operating, real estate and business included. With no competing motel in town, the Wheaton Inn captures steady demand from lake traffic, hunters, contractors, and travelers passing through Traverse County. Rooms feature TVs, mini-fridges, and microwaves, free Wi-Fi, on-site parking, and a pet-friendly setup. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters, and outdoor visitors. Being offered with all furnishings, fixtures, and equipment. This is an owner-operator opportunity with room to grow revenue through updates and active management. Financials available to qualified buyers with a signed confidentiality agreement.
Listing Information
Property Type: Commercial, Other
Status: Active
Lot Size: 0.29 Acres
Square Feet: 9,000 sq ft
Year Built: 1955
Foundation: 9,000 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: O Einer Oscarsons Add 02
Number Of Units Total: 25
Current Use: Hotel/Motel
County: Traverse
Days On Market: 12
Construction Status: Previously Owned
School Information
District: 803 - Wheaton Area Schools
Interior Features
Appliances: Dryer, Microwave, Refrigerator, Washer
Flooring: Carpet
Basement: Crawl Space, Owner Access
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Cooling: Wall
Heating: Propane, Baseboard, Boiler
Exterior / Lot Features
Garage Spaces: 1
Open Parking: 30
Parking Description: Parking Lot, Paved Lot, gravel lot, Unassigned, Uncovered/Open, Detached Garage, Driveway - Gravel
Exterior: Wood
Roof: Age 8 Years or Less
Lot Dimensions: 380x168
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building,Business,Business Assets
Driving Directions
heading west on 27 head north on 5th st property will be on your left
Financial Considerations
Tenant Pays: None
Owner Pays: All Utilities,Cable T.V.,Common Area Maintenance,Exterior Maintenance,Grounds Care,Hot Water,HVAC Maintenance,Lawn,Repairs,Roof Maintenance,Snow
Gross Income: 127713
Tax/Property ID: 230738000
Tax Amount: 5588
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Financially Free, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 403 5th Street N
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 403 5th Street N
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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