305 2nd St NW
Faribault, MN 55021
Historic Hutch House · Hospitality Property For Sale · 7,311 SF

Turn-key opportunity with this historic yet versatile property. Currently operating as a profitable B&B for 11 years with 5 guest rooms, the property could convert to strictly short-term rentals (like VRBO or Airbnb), apartments, or group home. The large unfinished third level is available for a potential retreat and conference center or an owner’s suite. The lower level has a built-out and functional apartment space currently not in use. As a B&B, additional revenue opportunities exist for the right owner including a gift shop, bike/kayak rentals, and special events. Located in the historic community of Faribault, MN at the confluence of the Straight and Cannon Rivers and the trailhead for the Sakatah bike trail, there are local entertainment and recreational attractions The property is a favorite for guests throughout North America and global travelers visiting local schools. Price includes client list, website, trade name, licenses, other intangibles as well as furnishings and personal property. Proposed Sales Notes The Historic Hutchinson House is the exclusive bed & breakfast of Faribault, Minnesota which is centrally located roughly one hour from the larger population centers of the Twin Cities of Minneapolis/St. Paul, Rochester and Mankato. Named one of Minnesota's Top 50 Coolest Houses, this 1892 Queen Anne home has been lovingly restored to its original Victorian splendor featuring intricate woodwork and original stained glass windows. Guests enjoy a short, 3- block walk to the historic downtown district featuring one-of-a-kind restaurants, shops and entertainment. After major renovation, the B&B opened in May 2008. Revenues have steadily increased every year and the B&B consistently rates as a 5-star lodging facility on the major travel review sites. The common areas include a large living room with an updated open floor plan allowing access to the parlor, dining room, main floor guest bath and beautiful wrap-around porch. The five guest bedrooms are efficiently located on the second floor and were designed with guest comfort in mind. Each room features a queen-size bed, private bathroom (four ensuite), in-room sitting area, cable TV, Wi-Fi and central air-conditioning. The commercial-grade laundry facilities are also conveniently located on the second floor. The main-floor features a spacious bedroom with private bath and entry and centrally located office/den, featuring 3 large closets, which is currently serving as the owner's quarters. A full apartment-style space (including kitchen, 3/4 bathroom, bedroom, and living space) is located in the basement as an alternative owner's quarters. The third-floor attic space is unfinished and available for build-out into additional guest rooms, a conference center, or owner's suite. The property is located on a large corner lot with ample parking and includes a detached, over-sized, two-car garage. This is a turn-key opportunity including furnishings, linens, kitchenware, dishes, etc.