Own a Division Street building in a prime location for retail, service, office, or a future restaurant/entertainment venue. Note the one story and two story buildings could be partitioned allowing for separate entrances. The two story building has an unfinished second story. Create a single use business or divide the space into multi-use businesses. Opportunities abound.
Extended Stay Hotel investment opportunity in the vibrant and growing city of Northfield, MN. This 26 key extended-stay motel offers a range of flexible revenue streams with options for nightly, weekly, or monthly rentals. Capital Improvements within the past 5-7 years, include a new roof, siding, electrical system, windows, water heater, and a resurfaced parking lot. Northfield is a charming community with a population of over 21,000 and steady annual growth of 0.4%. Northfield is home to St. Olaf College and Carleton College, along with significant employers like Northfield Hospital + Clinics, and Malt-O-Meal (Post Consumer Brands). The city's growing population, coupled with its strong employer base, ensures consistent demand for extended-stay accommodations.
Northfield is located in Minnesota. Northfield, Minnesota has a population of 20,374. Northfield is more family-centric than the surrounding county with 32.48% of the households containing married families with children. The county average for households married with children is 31.62%.
The median household income in Northfield, Minnesota is $73,877. The median household income for the surrounding county is $71,384 compared to the national median of $69,021. The median age of people living in Northfield is 28.5 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 5.1 degrees. The average rainfall is approximately 32.9 inches per year, with 41.7 inches of snow per year.