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    Property profile & analytics

    875 Hwy 3rd N Northfield, MN 55057-9441

    • Hotels
    • 7,257 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US46-1468030
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 875 Hwy 3rd N

    Year built
    1950
    Lot size
    2.00 lot acres
    Property size
    7,257 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    22.31.2.25.007
    APU
    2231225007

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $425,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $470,000
      Mixed-Use
      $375,000
      Hospitality
      $350,000
      Educational
      $380,000
      Residential Income
      $380,000
      Energy
      $465,000
      Income-Based Land
      $380,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Rice
    State
    Minnesota
    Longitude
    -93.1585
    Latitude
    44.4687
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,422
    $153,800
    $411,900
    $565,700
    -
    $153,800
    $411,900
    $565,700

    Comparable in this City

    • Value Estimation by Request
      9,015 SF

      300 Hwy 3rd S

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      114 2nd W St

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      114 2nd W St, Northfield, MN 55057-1763
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    • Value Estimation
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      7,975 SF

      1420 Riverview Dr

      HOTEL/MOTEL • 7,975 SF
      1420 Riverview Dr, Northfield, MN 55057-3137
      View Details
    • Value Estimation by Request
      4,724 SF

      1320 Bollenbacher Dr

      HOTEL/MOTEL • 4,724 SF
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      View Details
    • Value Estimation by Request

      Northfield, MN 55057

      COLLEGE, UNIVERSITY, VOC SCHOOL
      Northfield, MN 55057
      View Details
    • Value Estimation by Request
      1.13 Acres

      Northfield, MN 55057

      COLLEGE, UNIVERSITY, VOC SCHOOL • 1.13 Acres
      Northfield, MN 55057
      View Details

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    875 Hwy 3rd N
    Northfield, MN 55057-9441
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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
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