Date
Details
Price
Change
Source
8/28/2026
Listed
$285,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$285,000 Just Listed
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Property Description
Rare chance to own the only motel in Wheaton! @5 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
Full Property Details
Full Property Details for 403 5th St N
General
- Price: $285,000
- Taxes: $5,498 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7135786
- Updated: 8/29/2026
- Added to Site: 4 day(s) ago
Interior
- Appliances: Dryer, Microwave, Refrigerator, Washer
- Flooring: Carpet
Exterior
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Detached Garage, Gravel, Parking Lot, Paved Lot, Unassigned, Open
Location
- County: Traverse
- Township: Wheaton
- Subdivision: O Einer Oscarsons Add 02
- Driving Directions: heading west on 27 head north on 5th st property will be on your left
School Information
- School District: 803 - Wheaton Area Schools
- High School District: Wheaton Area Schools
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Baseboard, Boiler
- Heating Fuel: Propane
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common, Hot Water Common
Structural Information
- Basement Desc.: Crawlspace, Owner Access
- Foundation Size: 9000
- Roof: Age 8 Years or Less
- Ceiling Height: Less Than 8 Feet
- Disability Access: None
- Current Bldg. Use: Hotel/Motel
- Year Built: 1955
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 0.29
- Lot Dimensions: 380 x 168
- Potential Use: Motel/Hotel
- Zoning: Business/Commercial
Financial Considerations
- Operating Expenses: $58,370
- Tax Amount: $5,498
- Tax Year: 2026
- Owner Pays: All Utilities, Cable TV, Common Area Maintenance, Exterior Maintenance, Grounds Care, Hot Water, HVAC Maintenance, Repairs, Roof Maintenance, Snow Removal
- Tenant Pays: None
- Pays Cable: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: LOTS 1, 2, 3, 4, 5, 6, 7 & NORTH 31 FT. LOT 8 & 33' X 381' ADJOINING WEST SIDE OF LOTS
- Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
- Property ID: 230738000
Listed by Aire LLC
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— 403 5th St N —
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NMLS#: 1598647
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Schools
Schools serving 403 5th St N
School District:Wheaton Area Public School District
| Name | Grades | Distance |
|---|---|---|
Pearson Elementary School 710 4th Avenue North, Wheaton, MN 56296 | PK-5 | 0.1 mi |
Wheaton Secondary 1700 3rd Avenue South, Wheaton, MN 56296 | 6-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 403 5th St N
Tax History
Tax History for 403 5th St N
Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,588
19%
$197,200
14%
2023
$4,694
-6%
$173,600
—
2022
$4,994
9%
$173,600
3%
2021
$4,576
2%
$168,000
—
2020
$4,465
-2%
$168,000
—
2018
$4,545
—
$168,000
4%
2018
$4,545
5%
$162,200
—
2017
$4,346
-16%
$162,200
—
2016
$5,160
—
$162,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 403 5th St N
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403 5th Street N, Wheaton, MN 56296 (MLS# 7135786) is a Commercial property. 403 5th Street N is currently listed for $285,000 and was received on August 28, 2026. Want to learn more about 403 5th Street N? Do you have questions about finding other Commercial real estate for sale in Wheaton? You can browse all Wheaton real estate or contact a Coldwell Banker agent to request more information.