Granite Falls, MN 56241

$1,850,000
Property Type: Commercial Square Footage: 35,974 Lot Size (sq. ft.): 54,886 Status: Active
Current Price: $1,850,000 List Date: 6/08/2026 Last Modified: 6/08/2026

Overview

Description

Discover the Granite Falls Motel—a 60-room, two-story hotel offering a fantastic opportunity for an owner-operator to step into a well-established business with room to grow. Perfectly located on US Highway 212 in western Minnesota, this high-visibility site offers easy access for both regional guests and cross-country travelers. Nestled on the west side of Granite Falls' Hwy Business District and just minutes from the vibrant Downtown area on the Minnesota River, the motel is in the heart of a lively community. Granite Falls is the county seat of Yellow Medicine County and a hub for both industry and tourism in the scenic Southwestern Minnesota River Valley—near Lac Qui Parle Lake, a state park, and exceptional hunting grounds. Freshly Renovated - Featuring updated rooms, stylish finishes, new heating systems, and resurfaced parking. On-Site Manager’s Apartment - A spacious 2-bedroom unit for convenience and cost-saving oversight. - Appealing Guest Amenities - Includes coin ...

Listing Details MLS# 6682091

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
20
Owner Occupied
Yes
Waterfront YN
No
Year Built
1997
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
20940
Power Company
Other
For Sale or Lease
For Sale
Acres
1.26
Lot Dimensions
200x280
Assessment Pending
Yes
Garage Stalls
0

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Grab Bars In Bathroom; Hallways 42"+ Air Conditioning: Central Air; Wall Unit(s) Amenities Shared: Coin-op Laundry Owned; Common Garden; Sauna; Security Building Amenities Unit: Indoor Sprinklers; Intercom System; Security Lights; Security System Appliances: Microwave; Refrigerator Assumable Loan: Not Assumable Basement: None CMU Style: Attached Building; Other; Resort Commercial Kitchen Appliances: Freezer; Ice Machine; Other; Pre-Piped Fire Suppression System; Refrigerator; Shelving and Racks Construction Materials: Block; Concrete; Frame Construction Status: Previously Owned Current Use: Hotel/Motel Existing Financing: Other Exterior: Brick/Stone Flooring: Carpet; Tile; Vinyl/Linoleum Foundation: None Fuel: Natural Gas Heating: Baseboard; Forced Air Internet Options: Cable; Fiber Optic Loan Terms: Cash; Conventional Location Description: Free Standing; Other/See Remarks Lot Description: Cleared; Tree Coverage - Light; Underground Utilities Miscellaneous Information: 2+ Lavatories; 220 Volt; Alarms; Building Sign; Exterior Lighting; Furnished Units; Out Buildings On Site Utilities: Electric Common; Heating Common; Heating Separate; Hot Water Separate Owner Pays: All Utilities Parking Characteristics: Parking Lot; Paved Lot; Unassigned; Uncovered/Open Pool Description: Heated; Indoor Potential Use: Motel/Hotel Road Frontage: Highway; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Age Over 8 Years; Asphalt Shingles; Flat; Rubber Sewer: City Sewer/Connected Shared Rooms: Business Center Stories: Two Topography: Flood Plain; Level Wall Description: Drywall; Finished Water: City Water/Connected Window Features: Aluminum Frames; Window Coverings; Window Treatments

Contract Information

Contingency
None
ListPrice
1850000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Granite Falls
County
Yellow Medicine
State
MN
Zip Code
56241
Complex/Dev/Subdivision
Pillsburys 2nd Add

Assessments

Assessment Balance
29899
Tax With Assessments
60374

Basement

Foundation Dimensions
146x54,116x50,40x54,67x98
None
Yes

More Information

Building Information

Building Finished SqFt
35974
Building SqFt
35974
Ceiling Height
Varied Heights

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes
2+ Lavatories
Yes
220 Volt
Yes
Alarms
Yes
Building Sign
Yes
Exterior Lighting
Yes
Furnished Units
Yes
Out Buildings
Yes

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Business, Fixture/Equipment

Unit Details

Total Units
60

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
1.26 ACRES PT BLK 46 DES AS: BEG AT NW COR BLK 46, TH E AL N LI 139.34 FT, TH S 13 MIN 16 SEC E 116 FT, TH E 40.97 FT, TH S 13 MIN 16 SEC E 11.75 FT, TH E 31.51 FT, TH S 13 MIN 16 SEC E 172.25 FT TO S LI BLK 46, TH W AL S LI 211.82 FT TO SW COR BLK 4 6, TH N 13 MIN 16 SEC W AL W LI 300 FT TO BEG **AND THAT PORTION OF VACATED 14TH AVE (DOC#275327 AND 004735)
Listing City
Granite Falls
Map Page
999
Municipality
Granite Falls
School District
Yellow Medicine East
School District Phone
320-564-4081
Property ID Number
344004604
Tax Year
2025
Tax Amount
30475
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Discover the Granite Falls Motel—a 60-room, two-story hotel offering a fantastic opportunity for an owner-operator to step into a well-established business with room to grow. Perfectly located on US Highway 212 in western Minnesota, this high-visibility site offers easy access for both regional guests and cross-country travelers. Nestled on the west side of Granite Falls' Hwy Business District and just minutes from the vibrant Downtown area on the Minnesota River, the motel is in the heart of a lively community. Granite Falls is the county seat of Yellow Medicine County and a hub for both industry and tourism in the scenic Southwestern Minnesota River Valley—near Lac Qui Parle Lake, a state park, and exceptional hunting grounds. Freshly Renovated - Featuring updated rooms, stylish finishes, new heating systems, and resurfaced parking. On-Site Manager’s Apartment - A spacious 2-bedroom unit for convenience and cost-saving oversight. - Appealing Guest Amenities - Includes coin laundry, ice machine, breakfast bar, and a welcoming lobby/meeting space.
Directions
From Hwy 212 and Hwy 23 in Granite Falls, continue west of Hwy 212 for about 1/2 miles. Motel is on the south side of Hwy 212.

Accessible

Doors 36"+
Yes
Fully Wheelchair
Yes
Grab Bars In Bathroom
Yes
Hallways 42"+
Yes

Air Conditioning

Central Air
Yes
Wall Unit(s)
Yes

Amenities Shared

Coin-op Laundry Owned
Yes
Common Garden
Yes
Sauna
Yes
Security Building
Yes

Amenities Unit

Indoor Sprinklers
Yes
Intercom System
Yes
Security Lights
Yes
Security System
Yes

Appliances

Microwave
Yes
Refrigerator
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Block
Yes
Concrete
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Other
Yes

Exterior

Brick/Stone
Yes

Flooring

Carpet
Yes
Tile
Yes
Vinyl/Linoleum
Yes

Foundation

None
Yes

Fuel

Natural Gas
Yes

Heating

Baseboard
Yes
Forced Air
Yes

Internet Options

Cable
Yes
Fiber Optic
Yes

Lot Description

Cleared
Yes
Tree Coverage - Light
Yes
Underground Utilities
Yes

Owner Pays

All Utilities
Yes

Parking Characteristics

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

Pool Description

Heated
Yes
Indoor
Yes

Road Frontage

Highway
Yes
Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes
Street Lights
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Age Over 8 Years
Yes
Asphalt Shingles
Yes
Flat
Yes
Rubber
Yes

Sewer

City Sewer/Connected
Yes

Shared Rooms

Business Center
Yes

Stories

Two
Yes

Topography

Flood Plain
Yes
Level
Yes

Wall Description

Drywall
Yes
Finished
Yes

Water

City Water/Connected
Yes

Window Features

Aluminum Frames
Yes
Window Coverings
Yes
Window Treatments
Yes

No. of Ranges

One
Yes

No. of Refrigerators

One
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Attached Building
Yes
Other
Yes
Resort
Yes

Commercial Kitchen Appliances

Freezer
Yes
Ice Machine
Yes
Other
Yes
Pre-Piped Fire Suppression System
Yes
Refrigerator
Yes
Shelving and Racks
Yes

Current Use

Hotel/Motel
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Free Standing
Yes
Other/See Remarks
Yes

Potential Use

Motel/Hotel
Yes
IDX
Listing Office: Fazendin REALTORS
Last Updated: June - 08 - 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.

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