About 875 Highway 3 N
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.
Features of 875 Highway 3 N
| MLS® # | 6653353 |
|---|---|
| Price | $1,400,000 |
| Bathrooms | 0.00 |
| Acres | 2.00 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Style | Business |
| Status | Active |
Community Information
| Address | 875 Highway 3 N |
|---|---|
| Subdivision | Schjeltown |
| City | Northfield |
| County | Rice |
| State | MN |
| Zip Code | 55057 |
Amenities
| # of Garages | 1 |
|---|---|
| Garages | Attached Garage, Asphalt, Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler, Other |
|---|---|
| Fireplace | No |
Exterior
| Construction | Aluminum Siding, Metal Siding |
|---|
School Information
| District | Northfield |
|---|
Additional Information
| Days on Market | 52 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Re/Max Results |
|---|