875 Hwy 3rd N, Northfield, MN 55057-9441
- Hotels
- 7,257 SF
- 2.00 lot acres
Current Use by Public Records
- Hotels
Property Details for 875 Hwy 3rd N
- Year built
- 1950
- Lot size
- 2.00 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 22.31.2.25.007
- APU
- 2231225007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 5, 2026 | — | Triton Properties LLC | Linda Properties LLC | Quitclaim Deed · related | $780k · Lakeview Bank |
| Aug 4, 2017 | — | Linga Properties LLC | — | Deed · related | $194k · Roundbank |
| Feb 23, 2017 | — | Linga Properties LLC | — | Deed · related | $100k · Roundbank |
| Jan 6, 2017 | — | Linga Properties LLC | — | Deed · related | $75k · Roundbank |
| Oct 17, 2016 | — | Linga Properties LLC | — | Trustees Deed · related | $50k · Roundbank |
| Sep 22, 2016 | $500,000 | Servicios Latinos Menas LLC | Shakir INC | Warranty Deed | — |
| Sep 22, 2016 | $600,100 | Linga Properties LLC | Servicios Latinos Menas LLC | Warranty Deed | $450k · Roundbank |
| Aug 17, 2010 | $387,883 | Servicios Latinos Menas LLC | Shakir INC | Grant Deed · related | — |
| Aug 19, 2008 | $500,000 | Servicios Latinos Menas LLC | Shakir INC | Grant Deed | — |
| — | — | Servicios Latinos Menas LLC | — | Loan Modification · related | $347k · Private Individual |
| — | — | Linga Properties LLC | — | Loan Modification · related | $100k · Roundbank |
| — | — | Linga Properties LLC | — | Loan Modification · related | $75k · Roundbank |
| — | — | Linga Properties LLC | — | Loan Modification · related | $194k · Roundbank |
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 Estimations
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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
