2300 Cleveland Ave N - Hospitality FOR SALE


Saint Paul, MN 55113
$5,500,000 USD
909-456-3481
2300 Cleveland Ave N, Saint Paul, MN for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/12
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2300 Cleveland Ave N
Saint Paul, MN 55113


HIGHLIGHTS

  • Newly Renovated Franchised Hotel Centrally Located in the Twin Cities MSA, Just 5-10 Minutes from Downtown Minneapolis and Downtown St. Paul
  • Potential for Conversion to Multi-Family (see Due Diligence Vault for Details)
  • Immediate Access to and Strong Visibility from I-35W and Highway 36
  • Located Within a Major Retail Corridor Anchored by Rosedale Center
  • Infill Suburban Location with Limited New Hotel Development
  • Short Drive to UM Twin Cities Campus, Como Park Zoo, Major Sporting Arenas, State Fairgrounds, Minneapolis Convention Center, and Several Medical Cent

OVERVIEW

Jon Ruzicka // Broker of Record // License MN 40583288 Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the Motel 6 Roseville Minneapolis North, a newly renovated, three-story hotel situated at the junction of Interstate 35 and State Highway 36 in the Twin Cities MSA. The hotel is ideally located between Downtown Minneapolis and Downtown St. Paul, just a 5-10 minute drive from both. Common areas at this pet-friendly property feature an outdoor pool, guest laundry, vending machines, and complimentary coffee. The hotel was updated with nearly $300,000+ of improvements in 2025. Plans for a potential multi-family conversion can be found in our virtual deal room. The Motel 6 Roseville Minneapolis North is located in a retail corridor anchored by the Rosedale Center, a top shopping destination in Minnesota which attracts more than 12 million visitors annually. Due to its suburban infill location, the property benefits from limited new hotel development in the immediate area, while still benefiting from quick access to the major downtown areas. Several significant demand drivers are located nearby, included tourist attractions, major sporting arenas, medical centers, convention center, fairgrounds, zoo, and the University of Minneapolis - Twin Cities campus. Mall of America, the largest retail and entertainment complex in North America, draws ~40 million visitors annually and is just 20 minutes from the property. The Motel 6 Roseville Minneapolis North represents the opportunity to acquire a franchised hotel in a stable market with several nearby demand generators. The new owner can continue to utilize the newly renovated building as a hotel, or convert the property to multi-family housing. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Twin Cities region.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$177 USD /SF

# OF ROOMS

113

PRICE/ROOM

$48,673 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Roseville Minneapolis North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

99

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

MOTELS(410)

APN/PARCEL ID

09-29-23-32-0005

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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Gordon AllredMarcus & MillichapMore Info
909-456-3481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.