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Northfield,MN 55057
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Schjeltown
MLS Listing ID 6653353
Year Built 1950
Annual Tax Amount $17,422
Tax Year 2024
Contingent None
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 245x352
Property Description
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.
Location
State MN
County Rice
Zoning Business/Commercial
Interior
Heating Boiler,Other
Inclusions Building,Business Assets,Business,Fixture/Equipment,Leases
Fireplace No
Exterior
Parking Features Attached Garage,Asphalt,Parking Lot
Garage Spaces 1.0
Utilities Available Electric Common,Heating Common
Present Use Hotel/Motel,Residential
Building
Foundation 9051
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Aluminum Siding,Metal Siding
Schools
School District Northfield