20108 Golf Crest Drive Grand Rapids, MN $ 1,300,000
20108 Golf Crest Drive
$ 1,300,000
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20108 Golf Crest Drive

Grand Rapids, MN, 55744
$ 1,300,000
Baths0.0 Sq 63,814

Monthly Estimate*

$ 9,081

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Studio

Commercial Property for sale in Grand Rapids, MN

for $1,300,000. This 63,814 square foot building was built in 1994 on a lot size of 117.

The property is set on 117 acres in Harris Township and is a 9-minute drive to historic downtown Grand Rapids. Built in 2004, the primary buildings on the property include a 50,000 sq ft hotel/event space and an 8,000 sq ft restaurant. There are 40 hotel rooms, including 7 suites with kitchens and 8 other suites. It has an indoor pool, sauna, and several spaces for other amenities. The event space is 14,000 sq ft, which includes a 7,000 sq ft grand ballroom. The kitchen in the restaurant and in the event space are largely intact with several appliances that can be salvaged. While these two buildings sit on about 8 acres of the property, there is an additional 50+ acres that could be developed as an R/V Park, camping, housing or even a small executive golf course! 9 acres with private road frontage was previously approved as a housing development. The buildings require renovation. All building measurements are approximate. Flexible closing and owner financing is possible.

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Commercial Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 18,363

Style

Lot Size

117

Year Built

1994

Town/City

Grand Rapids

County/Region

Itasca

MLS | Web ID

6404632

Features
General
Sewer Septic System Compliant - No
Heating Other
Utilities Electric Separate
Garage Spaces 0
Construction Materials Log Siding
Year Built 1994
Tax Year 2023
Current Use Vacant
Accessibility None
Additional Parcels Description 100104101 190104100
County Itasca
Property Type Commercial Sale
Contingency None
Possible Use Office Other Rest/Lounge Restaurant Bar/Tavern Motel/Hotel
Directions Harristown to Golf Crest Drive to end of the road through the gate
City Harris Twp
Buyer Agent Compensation 2.00
High School District Grand Rapids
Zoning Description Business/Commercial
Total Units 2
Street Name Golf Crest
Land Lease Y/N N
Tax Annual Amount 18363
Additional Parcels Y/N Y
Days on Market 216
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Parking Lot
Water Source Drilled Well
Inclusions Building Fixture/Equipment Land
Lot Size Area 117
Building Area Total 63814
Lot Dimensions Irregular
Lot Size Units Acres
Foundation Area 35070
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Interior
Basement (Y/N) N
Street Suffix Drive
Fuel Other
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Internal Only
Street Number 1 20108
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* Excluded Features
List By
Mn Direct Properties

Broker

todd@mndirectproperties.com

Email

Affordability Calculator

$10,611
Per Month
86%
14%
0%
Monthly Principal & Interest
$9,081
Monthly Property Taxes
$1,530
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708396 Elementary School
708989 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/19/2024$1,300,000 -13.33% Price Down
7/20/2023$1,500,000 Listed Price

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20108 Golf Crest Drive, Grand Rapids, MN, 55744 is a Commercial Property for sale at $1,300,000 with 63,814 sqft and a lot size of 117. 20108 Golf Crest Drive is a studio with 0.0 baths and was built in 1994. The property's zip code is 55744 which is in Grand Rapids, MN