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435 16th Avenue NW Rochester, MN $ 6,500,000
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$ 6,500,000 Get more info
435 16th Avenue NW
$ 6,500,000
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Share Save

435 16th Avenue NW

Rochester, MN, 55901
$ 6,500,000
Bedrooms-- Baths-- Sq 97,679

Monthly Estimate*

$ 44,894

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Commercial Property for sale in Rochester, MN

for $6,500,000. This 97,679 square foot building was built in 1971 on a lot size of 4.04.

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.

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Commercial Active

Price

$ 6,500,000

Property Type

Commercial

Taxes

$ 111,884

Style

Lot Size

4.04

Year Built

1971

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

6722169
Features
General
Sewer City Sewer/Connected
Heating Ductless Mini-Split Forced Air
Cooling Central Air Ductless Mini-Split
Utilities Electric Common Heating Common
Roof Asphalt Flat
Garage Spaces 0
Pool Features Below Ground Heated Indoor
Construction Materials Frame
Year Built 1971
Topography Level
Levels Three Or More
Tax Year 2024
Current Use Hotel/Motel
Accessibility Doors 36 + Accessible Elevator Installed Hallways 42 +
County Olmsted
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Auditors D
Directions Civic Center Dr NW to 16th Ave Nw turn South to property.
City Rochester
High School District Rochester
Zoning Description Business/Commercial
Number Of Units Total 118
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 111884
Additional Parcels Y/N N
Virtual Tour https://listings.gregschuchardphotography.com/sites/pnrvrxx/unbranded
Standard Status Active
Lender Owned No
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Exterior
Parking Features Asphalt Parking Lot Paved Lot
Lot Features Public Transit (w/in 6 blks) Irregular Lot
Water Source City Water/Connected
Inclusions Building Business Assets Business Fixture/Equipment Inventory Land Leases
Lot Size Area 4.04
Building Area Total 97679
Lot Dimensions Irregular
Waterfront Y/N N
Foundation Area 36000
Road Frontage Type City Street Curbs Paved Streets Sidewalks Street Lights
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
Ceiling Height 8-10
Fuel Electric Natural Gas
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Internal Only
Street Number 1 435
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* Excluded Features
List By
Re/Max Results

Broker

dan@dangroteboer.com

Email

Affordability Calculator

$54,218
Per Month
83%
17%
0%
Monthly Principal & Interest
$44,894
Monthly Property Taxes
$9,324
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708969 Elementary School
708343 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
7/7/2026$6,500,000 Listed Price

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435 16th Avenue NW, Rochester, MN, 55901 is a Commercial Property for sale at $6,500,000 with 97,679 sqft and a lot size of 4.04. 435 16th Avenue NW was built in 1971. The property's zip code is 55901 which is in Rochester, MN

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