403 5th Street N, Wheaton, MN 56296 (MLS# 7135786)

403 5th Street N, Wheaton, MN 56296

$285,000
Property Type: Commercial Lot Size (sq. ft.): 12,632 Status: Active
Current Price: $285,000 List Date: 8/29/2026 Last Modified: 9/02/2026

Overview

Description

Rare chance to own the only motel in Wheaton! 25 rooms and an owners suite, established and operating. Real estate and business is included, With no competing motel in the area, the Wheaton Inn captures a steady demand from lake traffic, hunters, contractors and travelers passing through. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters and outdoor enthusiasts. Being offered with all furnishings, fixtures and equipment minus what is in the owners personal quarters. This is an owner-operator opportunity with room to grow revenue through updates and active advertising. Financials available to qualified buyers with a signed non-disclosure agreement

Listing Details MLS# 7135786

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
30
Owner Occupied
Yes
Waterfront YN
No
Year Built
1955
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
9000
Garage Stalls
Yes
For Sale or Lease
For Sale
Acres
0.29
Lot Dimensions
380x168
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Appliances: Dryer; Microwave; Refrigerator; Washer Basement: Crawl Space; Owner Access CMU Style: Other Construction Status: Previously Owned Current Use: Hotel/Motel Exterior: Wood Fencing: None Flooring: Carpet Foundation: Slab Fuel: Propane Heating: Baseboard; Boiler On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: All Utilities; Cable TV; Common Area Maintenance; Exterior Maintenance; Grounds Care; Hot Water; HVAC Maintenance; Lawn; Lawn; Repairs; Roof Maintenance; Snow Removal Parking Characteristics: Parking Lot; Gravel Lot; Paved Lot; Unassigned; Uncovered/Open Pool Description: None Potential Use: Motel/Hotel Rental License Type: Other Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: One Tenant Pays: None Water: City Water/Connected

Contract Information

Contingency
Inspection
ListPrice
285000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
403
Street Name
5th
Street Suffix
Street
Street Direction Suffix
N
Postal City
Wheaton
County
Traverse
State
MN
Zip Code
56296
Complex/Dev/Subdivision
O Einer Oscarsons Add 02

Assessments

Assessment Balance
90
Tax With Assessments
5588

Building Information

Building Finished SqFt
9000
Ceiling Height
Less Than 8 Feet

More Information

Income and Expenses

Annual Gross Expenses
58370
Annual Gross Income
141934

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases

Unit Details

Total Units
25
IDX
Listing Office: Aire LLC
Last Updated: September - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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