435 16th Ave NW, Rochester, MN 55901
HOSPITALITY For SaleYear Built: 1971
Floors: 3
| Space | Size | Type | Pricing |
|---|---|---|---|
| Med City Inn & Suites | Hotel + Restaurant for Sale | SALE | $6,500,000.00 |
Darin Groteboer - Fort Inc
PHONE: 6199771785
Med City Inn & Suites is located at Highway 52 and 14, in the entry to downtown Rochester with close proximity to the Mayo Clinic, St. Mary’s, Miracle Mile Shopping Center, a short drive from Apache Mall and easy highway access. This is an excellent, and rare, opportunity to acquire in operating hotel in a strong sub-market just minutes from Mayo and the St. Mary’s Campus. There are approximately 3-million visitors to Rochester every year and 2-million visitors to the Mayo Clinic every year. Investment Highlights • Opportunity to acquire a value-add hotel/motel or redevelopment into short/mid-length limited service lodging; • Famous Dave’s restaurant is on a NNN lease offering stable predictable cash flow. Famous Dave’s has a new owner as of spring 2025 and has long-term commitment to this site; • 118 guest rooms, sized between 300-390 SF; • Room configuration: 39-executive double queen, 3 ADA double queen, 7 junior double queen w/kitchenette, 54-double queen, 4 junior king suite w/kitchenette, 4 executive king, 2 king, 2 jacuzzi suite; • Business center, free WiFi, indoor hot tub and pool, on-site restaurant; • 4-star Google rating; • Portion of the rooms already have kitchenette making these rooms a good option for longer-term stays; • The remaining rooms can be converted into long-term options by adding kitchenettes to each room; • Large parcel size - over 4 acres; • Easy highway access, walkable to shopping and the Mayo Clinic corridor; • Brand options- option to flag the hotel for better name recognition, access to flag booking system;