875 Highway 3 N - Hospitality FOR SALE


Northfield, MN 55057
$1,400,000 USD
507-250-5964
875 Highway 3 N, Northfield, MN for Sale
$1,400,000 USD
Hospitality - FOR SALE
1/28
null | 8.5% Cap Rate

875 Highway 3 N
Northfield, MN 55057


HIGHLIGHTS

  • Strong Market Demand
  • Ability to maximize revenue by renting nightly, weekly or monthly
  • Recent CapEx includes; Roof, Siding, Electrical, Windows, Water Heater, Parking Lot all within the last 5-7 years

OVERVIEW

Extended Stay Hotel investment opportunity in the vibrant and growing city of Northfield, MN. This 26 key extended-stay motel offers a range of flexible revenue streams with options for nightly, weekly, or monthly rentals. Capital Improvements within the past 5-7 years, include a new roof, siding, electrical system, windows, water heater, and a resurfaced parking lot. Northfield is a charming community with a population of over 21,000 and steady annual growth of 0.4%. Northfield is home to St. Olaf College and Carleton College, along with significant employers like Northfield Hospital + Clinics, and Malt-O-Meal (Post Consumer Brands). The city's growing population, coupled with its strong employer base, ensures consistent demand for extended-stay accommodations.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$155 USD /SF

# OF ROOMS

26

PRICE/ROOM

$53,846 {currency}

CAP RATE

8.5%

TENANCY

Multiple

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northfield Extended Stay

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

28

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C

APN/PARCEL ID

22.31.2.25.007

ASK ABOUT THIS PROPERTY

Ben KallRE/MAX Results Eden PrarieMore Info
507-250-5964

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Ben KallRE/MAX Results Eden PrarieMore Info
507-250-5964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.