Find Your Dream Home: Search 10,000+ Homes for Sale

435 16th Avenue NW, Rochester, MN 55901

$6,500,000

Virtual Tour

https://listings.gregschuchardphotography.com/sites/pnrvrxx/unbranded

Property Type: Commercial Lot Size (sq. ft.): 175,982 Status: Active

Current Price: $6,500,000 List Date: 5/16/2025 Last Modified: 5/27/2026

Overview

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.

Listing Details MLS# 6722169

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 225
Waterfront Present: 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
Garage Stalls: 0

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 Road Responsibility: Public Maintained Road Roof: Asphalt Shingles; Flat Sewer: City Sewer/Connected Stories: Three Or More Topography: Level Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 6500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 435
Street Name: 16th
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55901
Complex/Dev/Subdivision: Auditors D

Assessments

Tax With Assessments: 111884
Assessment Balance: 0

Building Information

Building Finished SqFt: 97679
Building SqFt: 97679
Ceiling Height: 8-10

More Information

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

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SECT-34 TWP-107 RANGE-014 AUDITOR'S PLAT D LOT-019 4.04 AC COM NECOR SE1/4 TH S330FT TH W 1465.39FT TO THE CEN-LN 16TH AVE NW TH NE AL SD CEN-LN 13.7 FT TH NW33FT TO W LN 16TH AVE NW FOR THE PL OF BEG TH NW 113.33FT TH LEFT 59.17FT TH RT 29.14FT TH NW171.87FT TH W
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 6995
Property ID Number: 743413063700
Tax Year: 2024
Tax Amount: 111884
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Civic Center Dr NW to 16th Ave Nw turn South to property.

Accessible

Accessible Elevator Installed: Yes
Doors 36"+: Yes
Hallways 42"+: Yes

Air Conditioning

Central Air: Yes
Ductless: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Flooring

Carpet: Yes

Foundation

Other: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

None: Yes

Lot Description

Irregular Lot: Yes
Public Transit (w/in 6 blks): Yes

Owner Pays

All Utilities: Yes

Parking Characteristics

Parking Lot: Yes
Paved Lot: Yes

Pool Description

Below Ground: Yes
Heated: Yes
Indoor: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes
Flat: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes

CMU Style

Low Rise: Yes
Other: Yes

Current Use

Hotel/Motel: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Free Standing: Yes

Listing Office: Re/Max Results

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.