Northfield, MN 55057,875 Highway 3 N
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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
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875 Highway 3 N Northfield, MN 55057

2 Acres Lot


UPDATED:

01/29/2025 02:05 AM

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


Listed by Ben Kall • Re/Max Results
agent

Katrina DeWit

Real Estate Advisor | License ID: 502039297

+1(612) 381-7194

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875 Highway 3 N