435 16th Ave NW - Hospitality FOR SALE


Rochester, MN 55901- Kutzky Park
$6,500,000 USD
619-977-1785
435 16th Ave NW, Rochester, MN for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

435 16th Ave NW
Rochester, MN 55901
Kutzky Park


HIGHLIGHTS

  • Offered below replacement cost and comparable properties
  • Close proximity to Mayo Clinic with easy highway access and visibility
  • Preliminary approval for Wyndham conversion

OVERVIEW

Med City Inn & Suites presents a rare opportunity to acquire a 118-key hotel situated on approximately 4.04 acres in Rochester, Minnesota, for $6,500,000—equating to approximately $55,000 per key. Strategically positioned with convenient highway access and close proximity to the Mayo Clinic’s Rochester campus, the property benefits from the substantial and consistent demand generated by more than one million patients and visitors traveling to Rochester for healthcare each year. The property also includes retail space currently leased to Famous Dave’s, providing an additional income stream from an established restaurant tenant. The hotel offers meaningful upside through professional hospitality management, strategic repositioning, and improved operating performance. Med City Inn & Suites has received preliminary approval for conversion into a dual-branded Wyndham property featuring La Quinta and Hawthorn Extended Stay Suites. Alternatively, the property may offer potential for conversion or redevelopment into multifamily housing, subject to applicable governmental approvals. With its attractive per-key basis, significant acreage, existing restaurant tenancy, flexible repositioning options, and location within one of Minnesota’s strongest lodging markets, the property represents an unusually compelling value-add acquisition opportunity.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$67 USD /SF

# OF ROOMS

118

PRICE/ROOM

$55,085 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Med City Inn & Suites Rochester Mayo Clinic

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

94

LAND DETAILS

LAND ACRES

4.04 AC

LAND SF

175,982 SF

ZONING

Commercial

APN/PARCEL ID

74.34.13.063700

ASK ABOUT THIS PROPERTY

Darin GroteboerFort, IncMore Info
619-977-1785

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Darin GroteboerFort, IncMore Info
619-977-1785

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