For Sale: Rochester MLS# 6499005
Active
$1,200,000
Commercial: Other
Built 1964
0.86 acres
Rochester schools
MLS# 6499005
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Property Description
Unlock the Potential! Discover this prime property that once housed a popular restaurant, now cleared and transformed into a versatile shell space, ready for your creative vision. Located in an established residential neighborhood surrounded by a vibrant mix of retail, this lot offers endless possibilities for residential, commercial, or mixed-use development.
Land Description: This property consists of two parcels (0.86 Acres), providing exceptional flexibility for your project. With a high visibility rate of 4, 950 AADT, you’ll benefit from easy access and strong exposure, making it an ideal spot for your next venture.
Building Information: The existing structure can be repurposed to suit your needs or torn down to make way for your vision. Whether you envision a modern residential complex, a vibrant retail hub, or an innovative mixed-use space, the canvas is yours to design!
Neighborhood Highlights: Residents will appreciate the convenience of nearby parks, restaurants, and shopping centers, creating a dynamic environment that attracts both visitors and locals. This prime location is set to become a thriving hub for future success.
Investment Opportunity: Don’t miss out on this exceptional chance to capitalize on the growing demand in this desirable area. Your vision can take shape here—transform this clean, ready-to-develop space into something extraordinary!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Rochester
County:
Olmsted
Year Built:
1964
State:
MN
Property Style:
Other
Zip Code:
55901
Subdivision Name:
Cascade Center
Interior
Ceiling Height:
8-10
Basement Details:
Unfinished
Exterior
Other Parking Spaces:
50
Air Conditioning:
None
Foundation Size:
4,656 ft2
Foundation Dimensions:
65 x 65
Handicap Accessible:
No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
None
Parking Features:
Parking Lot
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Flat
Lot & Land
Acres:
0.86
Geolocation:
44.028249, -92.483753
Inclusions:
Building, Land
Lot Dimensions:
276 x 180
Addl Parcels:
743441003168
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
535
District Phone:
507-328-3000
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$32,716
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$32,716
Units
Total Units:
1
Miscellaneous
Current Use:
Vacant
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.