a Berkshire Hathaway affiliate

$235,000

502 E Thorpe Avenue, Ada, MN 56510


502 E Thorpe Avenue Ada, MN 56510

For Sale MLS# 20-32444

Commercial

Data current as of {{getLocalTime('2021-04-22T19:37:04Z')}}

Details

MLS# 20-32444

Description for 502 E Thorpe Avenue, Ada, MN, 56510


Opportunity is knocking. Here is your chance to own a small town Motel and Laundromat business. There is a total of 16 rooms not includingthe living quaters with full kitchen and fireplace that you can choose to live in yourself or rent out for meetings/special events etc... There is even camper hookups for those just passing through. Most of the rooms have had some updating done, Overall this business is ready to go and ready for it's new owners. More photos to come...

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 0.96 Acres

Square Feet:

Year Built: 1962

Foundation: 1,962 sq ft

Garage: No

Stories:

Construction: Frame/Wood

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 16

Current Use: Hotel/Motel,Other

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: Yes

Potential Short Sale: No

Auction: No

County: Norman

HERS Score:

Construction Status:

School Information


District: Ada-Borup #2854

Elementary:

Middle:

High:

Interior Features


Square Footage above: 9,282 sq ft

Square Footage below:

Flooring:

Additional Interior Features: Kitchen Area, Restrooms

Utilities


Water: City

Available Utilities:

Other Utilities:

Cooling: Wall, Central

Heating: Forced Air, Natural Gas, Electric, Baseboard, Fireplace

Exterior / Lot Features


Parking Spaces: 23

Parking Description: Driveway - Gravel, Shared Parking

Exterior: Brick, Vinyl Siding

Roof: Asphalt Shingles

Lot View:

Lot Dimensions: 42000

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


West on Thope Ave from Hwy 9

Financial Considerations


Other Deposit Fees:

Assessments: $251

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays: Broadband,Cable TV,Electric,Fuel,Janitorial,Lawn,Maint/Repair,Sewer,Snow,Trash,Water

Ownership Type:

Tax/Property ID: 250725000

Tax Amount: $6,441

Tax Year: 2021

HomeStead Description: Non-Homestead

Price Changes


$250,000 Original Price
$235,000 Current Price
-$15,000 Total Change
Date Price Change
3/8/2021 11:45 AM $235,000 -$15,000
12/15/2020 01:37 PM $250,000

Sales History

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Tax Summary

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Schools nearby 502 E Thorpe Avenue

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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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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings