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    435 16Th Ave NW Rochester, MN 55901

    For Sale
    $6,500,000

    Commercial - Rochester, MN

    Lot size:
    4.04 Acres
    Days on Market:
    191
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 435 16Th Ave NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    743413063700
    Parking features
    Driveway, Parking Lot, Paved or Surfaced
    Exterior features
    Vinyl
    Lot size
    4.04 Acres

    Utilities

    Heating system
    Ductless (Heating), Forced Air
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1971
    Flooring type
    Carpet
    Building materials
    Frame
    Roof type
    Asphalt, Flat, Shingle
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Daniel Groteboer (952) 829-2900

    Listing date May 29, 2025

    MLS# 6722169 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rochester MN Hotel Opportunity

    This centrally located Rochester, MN hotel presents an outstanding opportunity. It is situated within a short walk or a 5-minute drive to the Mayo Clinic and Mayo Clinic Hospital at the Saint Marys Campus. This family-friendly motel is also a short walk to Olmsted Medical Center at Miracle Mile and 1 mile from the American Cancer Society's Hope Lodge. The property sits on 4.04 acres with high visibility from both Civic Center Drive and 16th Ave NW. Amenities include two indoor swimming pools, a waterslide, and a 24-hour fitness center. The property also features an attached Famous Dave's BBQ Restaurant and 118 guestrooms equipped with refrigerators and microwaves.
    Property Profile Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm Med City Inn ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.484916
    Latitude
    44.028992

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    FAQs

    What type of property is this?
    Hotel - Centrally located Rochester, MN hotel near Mayo Clinic.
    Where is this hotel located?
    The property is located at 435 16Th Ave NW Rochester, MN.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Prime location: Short walk/5-minute drive to Mayo Clinic and Mayo Clinic Hospital.; - Family-friendly amenities: Includes **2 indoor swimming pools and a waterslide**.; - On-site dining: Attached Famous Dave's BBQ Restaurant.
    (952) 829-2900
    Request Owner's contact information
    435 16Th Ave NW Rochester, MN 55901
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    Rochester, MN 55901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    435 16Th Ave NW Rochester, MN 55901
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