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435 16th Avenue NW Rochester, MN 55901 Listing ID: 6722169

Price: $6,500,000.00

Property Description

Outstanding opportunity for a centrally located Rochester, MN hotel. A short walk or 5-minute drive to 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 American Cancer Society's Hope Lodge. Amenities at this location includes 2 indoor swimming pools or enjoy the other recreational amenities including a waterslide and a 24-hour fitness center. The property also offers an attached Famous Dave's BBQ Restaurant, 118 guestrooms featuring refrigerators and microwaves. The property sits on 4.04 highly visible acres with great visibility from both Civic Center Drive and 16th Ave NW.

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  • 4.040 Acres

Primary Features

County

Olmsted

School District

Rochester

Year Built

1971

Age

54 yrs old

Property Type

Commercial Sale

Lot Size

Irregular

Acreage

4.04 acres

Property Taxes

$111,884

Additional Features

Cooling

Central Air, Ductless Mini-Split

Driveway

Exterior

Vinyl Siding

Exterior Construction

Foundation

36000.00

Fuel Source

Electric, Natural Gas

Heating

Ductless Mini-Split, Forced Air

Roads

City Street, Curbs, Paved Streets, Sidewalks, Street Lights

Section

34

Service Amps

Sewer

City Sewer/Connected

Subdivision

Auditors D

Tax Year

2024

Terrain

Utilities

Electric Common, Heating Common

Water

City Water/Connected

Water Heater

Zoning

Business/Commercial

Includes

Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases

Directions

Civic Center Dr NW to 16th Ave Nw turn South to property.

Listing Agency

Listing courtesy of
RE / Max Results
(507) 288-1111

Broker Compensation (view terms): 2.40%

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