Northfield, MN 55057,875 Highway 3 N
Northfield, MN 55057,875 Highway 3 N
Northfield, MN 55057,875 Highway 3 N
Northfield, MN 55057,875 Highway 3 N
Northfield, MN 55057,875 Highway 3 N
Northfield, MN 55057,875 Highway 3 N
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$ 1,400,000
Est. payment | /mo

2 Acres Lot


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$ 1,400,000
Est. payment | /mo
Save

2 Acres Lot

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

Listed by Ben Kall • Re/Max Results
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 200-1994

brad@greatmnhomes.com

8604 Eagle Creek Cir, Savage, MN, 55378, USA

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875 Highway 3 N