For Sale
$1,400,000

875 Highway 3 Northfield, MN 55057

Profitable 26-key hotel, prime location.

Overview

Added:
Feb 3
Days on market:
73
This exceptional investment opportunity presents a 26-key extended-stay hotel ideally situated at 875 Highway 3 N in Northfield, Minnesota. Boasting 9,051 square feet on a 2-acre lot, this property offers significant potential for strong returns. The hotel benefits from flexible revenue streams, catering to nightly, weekly, and monthly rentals, providing diverse income opportunities. Recent capital improvements (within the past 5-7 years) have significantly enhanced the property's value and longevity. These upgrades include a new roof, updated siding, a completely overhauled electrical system, replacement windows, a new water heater, and a freshly resurfaced parking lot. Northfield itself is a thriving community with a population exceeding 21,000 residents and a steady annual growth rate of 0.4%. The presence of prestigious institutions like St. Olaf College and Carleton College, along with substantial employers such as Northfield Hospital + Clinics and Malt-O-Meal (Post Consumer Brands), ensures a consistent demand for extended-stay lodging. This translates to a stable occupancy rate and predictable income stream for the discerning investor. The asking price for this turnkey operation is $1,400,000. This represents a compelling investment opportunity in a rapidly growing market with a strong foundation for long-term success.

Property Details for 875 Highway 3

Property type
Commercial real estate
Square Feet
9,051 SF
Year Built
1950
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Northfield
County
Rice
State
Minnesota
Latitude
44.46867
Longitude
-93.1586
875 Highway 3, Northfield, Minnesota

FAQs

What type of property is this?
Commercial real estate - Profitable 26-key hotel, prime location.
Where is the commercial real estate located?
The property is located at 875 Highway 3 Northfield, MN.
What is the asking price?
The asking price for this property is $1,400,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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875 Highway 3
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