for sale
Norwood Inn (Minneapolis Roseville)
2401 Prior Ave N #1 | Roseville, MN 55113
Investment Highlights
- Closed, full service hotel
- 150 Units, 3 stories, interior corridors
- Unencumbered by franchise obligations or management contracts
- Offered at $43,333 / key
- Offers a Cap Rate Exceeding 10%, Based on Verified Net Operating Income from 2023 and 2024
Property Description
Brendan ‘Mac’ Bleier and Andrew Post of The Bowman Post Group are pleased to present for sale the Norwood Inn (Minneapolis Roseville) – Roseville, MN. Though the hotel is not currently in operation, it is a full-service hotel, featuring 150 rooms across a three-story layout.
Strategically located between Minneapolis and St. Paul, Roseville offers direct access to both downtowns, giving the property exposure to corporate, government, and leisure demand from the entire Twin Cities metro. The hotel benefits from its proximity to major demand drivers such as the University of Minnesota, Rosedale Center Mall, the Minnesota State Fairgrounds, and multiple corporate and healthcare campuses. Roseville’s central positioning allows the property to capture overflow demand from large-scale events, conventions, and sporting activities in both cities. With strong regional accessibility and a diverse mix of demand generators, this offering represents a compelling investment opportunity in a resilient and dynamic market.
Location Description
Roseville is a vibrant suburban community conveniently located just north of Minneapolis and St. Paul with nearly 700 acres of public parks and some of the best shopping, dining and lodging in the Twin Cities.
Roseville has 36,810 residents, but the community doubles in size everyday with visitors and workers venturing into the city. Located on I-35W & State Highway 36, Roseville borders Minneapolis and St. Paul, and is a quick commute to both downtowns.
Roseville is home to the John Rose Minnesota OVAL, the largest outdoor refrigerated sheet of ice in North America; Rosedale Center, a destination shopping center which attracts 14 million visitors annually; the nation’s first Target store; and 32 city parks including our signature green space Central Park.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Brendan “Mac” Bleier
Vice President
CA #02084909
(805) 557-8867
mac.bleier@newgenadv.com
Andrew Post
Senior Vice President
CA #1960611
(805) 557-8857
apost@newgenadv.com
BROKER OF RECORD
Ryan O’Neill
RE/MAX Advantage Plus
MN #20396644