Water Views - Primary on Main
106 Parkway Avenue S Lanesboro, MN
$ 535,000
Property Attributes
  • ID#5735442
  • TypeCommercial
  • CountyFILLMORE
  • CityLanesboro
  • AreaLanesboro Original
  • Zip55949
  • StyleApartment
  • Year Built1888
  • Taxes$ 5198
  • Price$ 535,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3840
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
eXp Realty
Data Source:
Property Description

Turnkey business opportunity at hotel in Historical District of Lanesboro This immaculate inn is the only hillside retreat in the heart of town, frequently recognized as a most beautiful small town. It offers a total of 9 units of various size & stunning on-site family residence. Completely renovated w/gorgeous updates, the inn features 5 private room & 4 apartments advantageous when many other lodging options can only offer rooms with 1 bed. Located across from the Root River Trail w/65 miles of biking, x country skiing, canoeing & fishing. Guests enjoy peace & breathtaking views, all within walking distance of the arts, fine eateries, shops & more. The tiered hill offers more green space than any other lodging option in town, perfect for horseshoes, bag toss, or just a relaxing by the firepit. This hotel also offers significant growth opportunity to new owners, including a full bed and breakfast license not utilized but option is there.

Price History
4/6/2021 Listed $535,000

General Features

Accessibility None
Appliances Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Association Amenities Common Garden, Deck, Patio, Tennis Courts
Basement Walkout, Full, Finished
Construction Materials Wood Siding
Contingency Inspection
Cooling Window Unit(s), Central Air
Current Use Hotel/Motel, Bed & Breakfast
Garage Spaces 1
Heating Forced Air
High School District Lanesboro
Lender Owned No
Parking Features Detached, Heated Garage, Insulated Garage
Property SubType Apartment
Property Type Commercial Sale
Roof Asphalt, Age Over 8 Years
Sewer City Sewer/Connected
Standard Status Active
Tax Annual Amount 5198
Total Units 9
View River
Water Body Name Root River
Waterfront Features River View
Zoning Description Business/Commercial

Exterior Features

Foundationarea 1
Lot Dimensions 1
Lot Features Tree Coverage - Medium
Lot Size Area 0.16
Lot Size Units Acres
Road Frontage Type City Street, Township, Paved Streets, Curbs, Sidewalks, Street Lights
Water Source City Water/Connected
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55949

AVG $450K
AVG $5,270
AVG 47
Year Built
AVG 1913
AVG 40
Data Provided by Walkscore ® not using MLS data

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