Econolodge by Choice Hotels (Combined with Super 8 by Wyndham in Luverne, MN)

For Sale

801 S Kniss Ave, Luverne, MN 56156

This Luverne property for sale is located at 801 S Kniss Ave. The current listed sale price for Econolodge by Choice Hotels (Combined with Super 8 by Wyndham in Luverne, MN) is $2,400,000. Econolodge by Choice Hotels (Combined with Super 8 by Wyndham in Luverne, MN) is situated on a lot that is 1.94 acre in size.

Contacts

broker
Dale Zomer

NAI Sioux Falls

Property Details

  • Property Type Other
  • Property Size 10,571 SF
  • Lot Size 1.94 Acre
  • Year Built 1994
  • Date Updated Apr 23, 2025
Luverne, MNBuilding Size: 10,571 SF # of Rooms: 44 Lot Size: 1.94 AC (84,325 SF) 2024 Occupancy: 38.23% Year Built: 1994 Parking Lot: Paved - 44 spaces Zoning: Commercial Combined Listing Price: $2,400,000 Combined Cap Rate: 9% Combined Price per Room: $30,000 Combined Price/SF: $134.38 ADR - STR Report: $86.45 GRM: 2.93Xs REV PAR - STR Report: $33.02 3 Year Average NOI: $349,000 3 Year Average Combined Revenue: $926,378 2024 Revenue: $469,494 Combined Real Estate Taxes: $35,457 2025 Projected Revenue: $500,000
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Highlights

  • Building Size: 10,571 SF
  • # of Rooms: 44
  • Lot Size: 1.94 AC (84,325 SF)
  • 2024 Occupancy: 38.23%
  • Year Built: 1994
  • Parking Lot: Paved - 44 spaces
  • Zoning: Commercial
  • Combined Listing Price: $2,400,000
  • Combined Cap Rate: 9%
  • Combined Price per Room: $30,000
  • Combined Price/SF: $134.38
  • ADR - STR Report: $86.45
  • GRM: 2.93Xs
  • REV PAR - STR Report: $33.02
  • 3 Year Average NOI: $349,000
  • 3 Year Average Combined Revenue: $926,378
  • 2024 Revenue: $469,494
  • Combined Real Estate Taxes: $35,457
  • 2025 Projected Revenue: $500,000

Getting around

  • 35/100

    Walk Score ®

  • 42/100

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Location

  • City Luverne, MN
  • Zip Code 56156

Points of Interest

  • Holiday

    0.22 miles

  • BP

    0.27 miles

  • Casey's General Store

    0.43 miles

  • Southgate Auto

    0.56 miles

  • Rauk's Local - Gas

    7.84 miles

  • Hardwick Gas Stop

    9.04 miles

  • Bus Parking

    1.10 miles

  • Private Parking

    1.16 miles

  • Russ Blanford WMA

    1.34 miles

  • Employee Parking

    1.67 miles

  • Park

    1.96 miles

  • Parking Lot, Rock River WMA

    2.08 miles

  • P.F. Mulder WMA

    2.09 miles

  • P F Mulder WMA

    2.54 miles

  • Natural/Grass Surface Parking Lot, Rock River WMA

    2.68 miles

  • Econo Lodge

    0.01 miles

  • The Grand Stay

    0.19 miles

  • Super 8

    0.49 miles

  • Cozy Rest Motel

    0.58 miles

  • Bomgaars

    0.63 miles

  • Teal's Grocery

    0.63 miles

  • Mall on main

    0.71 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Dale Zomer

NAI Sioux Falls

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