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  • 106 Parkway Avenue S

  • Lanesboro, MN 55949
  • Neighborhood: Lanesboro Original
  • $535,000
  • MLS® #: 5492174
  • Year Built: 1888
  • Days Listed: 373
Commercial Sale property for sale in Lanesboro, MN at 106 Parkway Avenue S. This property is priced at $3,343,750/acre.

Description of 106 Parkway Avenue S, Lanesboro, MN 55949 - $535,000

Turnkey business opportunity at hotel in Historical District of Lanesboro This immaculate inn is the only hillside retreat in the heart of town, frequently recognized as a most beautiful small town. It offers a total of 9 units of various size & stunning on-site family residence. Completely renovated w/gorgeous updates, the inn features 5 private room & 4 apartments –advantageous when many other lodging options can only offer rooms with 1 bed. Located across from the Root River Trail w/65 miles of biking, x country skiing, canoeing & fishing. Guests enjoy peace & breathtaking views, all within walking distance of the arts, fine eateries, shops & more. The tiered hill offers more green space than any other lodging option in town, perfect for horseshoes, bag toss, or just a relaxing by the firepit. This hotel also offers significant growth opportunity to new owners, including a full bed and breakfast license not utilized but option is there.

Essential Information

  • MLS® #5492174
  • Price$535,000
  • Acres0.16
  • Year Built1888
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StyleMixed Use
  • StatusActive


Deck,Patio,Tennis Courts,Common Garden



Community Information

  • Address106 Parkway Avenue S
  • SubdivisionLanesboro Original
  • CityLanesboro
  • CountyFillmore
  • StateMN
  • Zip Code55949


Detached,Insulated Garage,Heated Garage


  • RoofAsphalt,Age Over 8 Years
  • ConstructionWood Siding


  • ViewRiver
  • WaterfrontRiver View


  • HeatingForced Air
  • CoolingWindow Unit(s),Central Air

Additional Information

  • Listing OfficeKeller Williams Classic Realty
  • Days on Market373
  • ZoningBusiness/Commercial

Kris LindahlREALTOR®

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Price Change History for 106 Parkway Avenue S, Lanesboro, MN (MLS® #5492174)

Date Details Price Change
Price Reduced (from $575,000) $535,000 $40,000 (6.96%)
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Listing information last updated on March 5th, 2021 at 1:36pm CST.