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

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

$285,000
403 5th Street N
Wheaton, MN 56296
MLS# 7135786

403 5th Street N, Wheaton, MN 56296
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403 5th Street N, Wheaton, MN 56296 403 5th Street N, Wheaton, MN 56296 403 5th Street N, Wheaton, MN 56296 403 5th Street N, Wheaton, MN 56296

Property 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

Details
Maps
Contract Information
Status: Active
Current Price: 285000
Contingency: None
ListPrice: 285000
List Date: 2026-08-28
Owner is an Agent?: No
Auction?: No
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: 1
For Sale or Lease: For Sale
Acres: 0.29
Lot Dimensions: 380x168
Assessment Pending: 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
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
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

Listing Office: Aire LLC

Last Updated: October - 06 - 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.

Thursday 8th of October 2026 06:39 AM

218-998-4400

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