875 Hwy 3rd N Northfield, MN 55057-9441

This exceptional investment opportunity presents a 26-key extended-stay hotel ideally situated at 875 Highway 3 N in Northfield, Minnesota. Boasting 9,051 square feet on a 2-acre lot, this property offers significant potential for strong returns. The hotel benefits from flexible revenue streams, catering to nightly, weekly, and monthly rentals, providing diverse income opportunities. Recent capital improvements (within the past 5-7 years) have significantly enhanced the property's value and longevity. These upgrades include a new roof, updated siding, a completely overhauled electrical system, replacement windows, a new water heater, and a freshly resurfaced parking lot. Northfield itself is a thriving community with a population exceeding 21,000 residents and a steady annual growth rate of 0.4%. The presence of prestigious institutions like St. Olaf College and Carleton College, along with substantial employers such as Northfield Hospital + Clinics and Malt-O-Meal (Post Consumer Brands), ensures a consistent demand for extended-stay lodging. This translates to a stable occupancy rate and predictable income stream for the discerning investor. The asking price for this turnkey operation is $1,400,000. This represents a compelling investment opportunity in a rapidly growing market with a strong foundation for long-term success.