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.
Details
Contract Information
Status: Active
Current Price: 6500000
Contingency: None
ListPrice: 6500000
List Date: 2025-05-14
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 225
Waterfront YN: No
Year Built: 1971
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 36000
For Sale or Lease: For Sale
Acres: 4.04
Lot Dimensions: Irregular
Assessment Pending: No
Location Tax and Other Information
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55901
Complex/Dev/Subdivision: Auditors D
Assessments
Tax With Assessments: 111884
Building Information
Building Finished SqFt: 97679
Building SqFt: 97679
Ceiling Height: 8-10
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 14
Section#: 34
Township#: 107
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
Unit Details
Total Units: 118
Property Features
Accessible: Accessible Elevator Installed; Doors 36"+; Hallways 42"+
Air Conditioning: Central Air; Ductless
CMU Style: Low Rise; Other
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Hotel/Motel
Exterior: Vinyl
Flooring: Carpet
Foundation: Other
Fuel: Electric; Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Free Standing
Lock Box Type: None
Lot Description: Irregular Lot; Public Transit (w/in 6 blks)
On Site Utilities: Electric Common; Heating Common
Owner Pays: All Utilities
Parking Characteristics: Parking Lot; Paved Lot
Pool Description: Below Ground; Heated; Indoor
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights