1215 2nd Street Southwest Rochester Minnesota Rochester, MN 55902
Two independent hotels with repositioning potential near Mayo Clinic.
Type:hospitality.full_service,hospitality.select_service,hospitality.resort
- Added:
- Mar 7, 2026
- Days on Market:
- 46
- Last Refresh:
- Mar 7 at 7:07 pm
Property Features for 1215 2nd Street Southwest Rochester Minnesota
General Information
- Standard status
- Active
- Property subtype
- hospitality.full_service,hospitality.select_service,hospitality.resort
Listing agent Mike George (312) 371-6550
Listing office Avison Young (312) 371-6550
Listing date Mar 7, 2026
Source Avisonyoung
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Avison Young
Overview
Rochester Hotels Near Mayo Clinic
Two independent hotels in Rochester, MN, offer a unique acquisition and repositioning opportunity. The properties benefit from a market with an 8.5% RevPAR growth and limited new supply. Their strategic location directly across from The Mayo Clinic/St. Mary’s Hospital and along the new Link Transit system ensures strong demand. A $6 billion investment in Mayo Clinic expansions and infrastructure improvements, along with the 160-acre Rochester Sports Complex nearby, is expected to significantly increase accommodation demand. The hotels have a history of success as independent operations and present franchising opportunities, with potential key money available from major brands for renovations. The location, condition, competitive price per key, and upside potential make these properties attractive to investors. This is a value-added opportunity to improve two well-performing assets in a high-growth, high-demand market. One of the hotels is an extended stay, which has immediate upside potential due to 2,000 construction workers entering the market and limited existing supply, factors that will significantly impact demand, especially for extended-stay accommodations in 2025.
Location Intelligence
Current Use by Public Records
Aspen Select Hotel
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4471117
- Latitude
- 44.0256819
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Two independent hotels with repositioning potential near Mayo Clinic.
Where is this hotel located?
The property is located at 1215 2nd Street Southwest Rochester Minnesota Rochester, MN.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Prime location directly across from The Mayo Clinic/St. Mary’s Hospital and along the Link Transit system.; Significant upside potential due to $6 billion investment in Mayo Clinic expansions and the Rochester Sports Complex.; Proven track record of success as independent operations with attractive franchising opportunities.
