Hotel property in Minnesota

Search hotel property records in Minnesota to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Minnesota commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Popular searches around Minnesota

Reonomy operates the most comprehensive database for Minnesota Hotel Property and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Minnesota commercial real estate professionals. Members from Minnesota include brokers, investors and service providers, many of whom specialize in Minnesota Hotel Property.

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Minnesota hotel property sold prices and values

The average assessed value of hotel properties in Minnesota is $1,083,968. Hotel property sale prices in Minnesota have a median of $405,000. The last 24 months of sales history has seen 189 sales, with 115 sales greater than $250,000, 43 sales valued at over $1,000,000, and 6 sales valued at over $10,000,000. The average price per square foot of hotel properties in Minnesota over the last 24 months is $107.

Values and sold prices (last 24 months) United States Minnesota
Average price/sqft $7,510 $311
Median price/sqft $110 $107
Average sold price $6,325,917 $1,777,199
Median sold price $1,047,283 $405,000
Number of sales 8,842 189
Number of sales over $250k 6,857 115
Number of sales over $1m 4,531 43
Number of sales over $10m 893 6
Average total tax amount $80,594 $36,407
Average assessed value $3,255,242 $1,083,968
Average market value $3,403,121 $1,086,653

Minnesota hotel property property averages

The average lot size of hotel properties in Minnesota is 23,420 sf. This is 67% below the United States average. The average building area is 73 sf and the median year built is 1971.

Property averages United States Minnesota
Average lot size 615,054 sf 143,216 sf
Median lot size 47,472 sf 23,420 sf
Average building area 6,780 sf 216 sf
Median building area 72 sf 73 sf
Median year built 1978 1971
Average number of units 51 62
Median number of units 16 28

Minnesota hotel property total supply

There are 3,449 hotel properties in Minnesota. This is 185% below the United States average. The total acerage is 5,852 acres and the aggregate building area for hotel properties in Minnesota is 131,339 sf.

Supply United States Minnesota
Number of parcels 91,962 3,449
Aggregate lot acerage 1,359,392 5,852
Aggregate building area 275,281,182 sf 131,339 sf
Aggregate units 1,371,070 7,600

Minnesota hotel property industrial mortgages

There are 2,040 mortgages for hotel properties across Minnesota in the Reonomy database. The average value of those mortgages is $26,689,856. This is 57% below the United States average.

Debt United States Minnesota
Number of mortgages 206,565 2,040
Average value of mortgages $48,271,507 $26,689,856

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