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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 Sub-Type Business
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