Wheaton, MN 56296

New Listing
$325,000
Property Type: Commercial Lot Size (sq. ft.): 12,632 Status: Active
Current Price: $325,000 List Date: 6/27/2026 Last Modified: 6/27/2026

Overview

Description

Rare chance to own the only motel in Wheaton; 25 keys and an owners suite, established and operating, real estate and business included. With no competing motel in town, the Wheaton Inn captures steady demand from lake traffic, hunters, contractors, and travelers passing through Traverse County. Rooms feature TVs, mini-fridges, and microwaves, free Wi-Fi, on-site parking, and a pet-friendly setup. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters, and outdoor visitors. Being offered with all furnishings, fixtures, and equipment. This is an owner-operator opportunity with room to grow revenue through updates and active management. Financials available to qualified buyers with a signed confidentiality agreement.

Listing Details MLS# 7100433

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
30
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 Lock Box Type: None 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 Rent Rate per Foot: Other 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
None
ListPrice
325000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Wheaton
County
Traverse
State
MN
Zip Code
56296
Complex/Dev/Subdivision
O Einer Oscarsons Add 02

Assessments

Tax With Assessments
5588
Assessment Balance
0

Building Information

Building Finished SqFt
9000
Ceiling Height
Less Than 8 Feet

More Information

Income and Expenses

Annual Gross Expenses
82484
Annual Gross Income
127713
Annual Net Income
29771

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Business Assets, Business

Unit Details

Total Units
25

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOTS 1,2,3,4,5,6,7 & NORTH 31 FT. LOT 8 & 33' X 381' ADJOINING WEST SIDE OF LOTS
Listing City
Wheaton
Map Page
999
Municipality
Wheaton
School District
Wheaton Area Schools
School District Phone
320-563-8283
Zip Plus 4
1495
Property ID Number
230738000
Tax Year
2026
Tax Amount
5588
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare chance to own the only motel in Wheaton; 25 keys and an owners suite, established and operating, real estate and business included. With no competing motel in town, the Wheaton Inn captures steady demand from lake traffic, hunters, contractors, and travelers passing through Traverse County. Rooms feature TVs, mini-fridges, and microwaves, free Wi-Fi, on-site parking, and a pet-friendly setup. Sitting minutes from Lake Traverse and Big Stone Lake, the property pulls consistent seasonal business from anglers, hunters, and outdoor visitors. Being offered with all furnishings, fixtures, and equipment. This is an owner-operator opportunity with room to grow revenue through updates and active management. Financials available to qualified buyers with a signed confidentiality agreement.
Directions
heading west on 27 head north on 5th st property will be on your left

Accessible

None
Yes

Air Conditioning

Wall Unit(s)
Yes

Appliances

Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Basement

Crawl Space
Yes
Owner Access
Yes

Construction Status

Previously Owned
Yes

Exterior

Wood
Yes

Fencing

None
Yes

Flooring

Carpet
Yes

Foundation

Slab
Yes

Fuel

Propane
Yes

Heating

Baseboard
Yes
Boiler
Yes

Lock Box Type

None
Yes

Owner Pays

All Utilities
Yes
Cable TV
Yes
Common Area Maintenance
Yes
Exterior Maintenance
Yes
Grounds Care
Yes
Hot Water
Yes
HVAC Maintenance
Yes
Lawn
Yes
Repairs
Yes
Roof Maintenance
Yes
Snow Removal
Yes

Parking Characteristics

Parking Lot
Yes
Gravel Lot
Yes
Paved Lot
Yes
Unassigned
Yes
Uncovered/Open
Yes

Patio, Porch and Deck Features

Patio
Yes

Pool Description

None
Yes

Rental License Type

Other
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

No. of Ranges

One
Yes

No. of Refrigerators

One Per Unit
Yes

Tenant Pays

None
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Other
Yes

Current Use

Hotel/Motel
Yes

Potential Use

Motel/Hotel
Yes

Rent Rate per Foot

Other
Yes
IDX
Listing Office: Financially Free, LLC
Last Updated: June - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Search powered by FBS Products