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For Sale:  Rochester MLS# 6500767

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Active
$1,400,000
/mo Edit
Commercial:  1 Story
Built 1947
0.39 acres
Rochester schools
MLS# 6500767
763-576-8286
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    Property Description

    Welcome to a unique opportunity to own a piece of Minnesota's history - the North Broadway Dairy Queen. This property is not just a building and land, but a thriving business that has been a cornerstone of the community for generations. The Lowertown neighborhood has seen continued growth with new apartments, business's, and residents moving into the area. The sale includes two parcels of land that is currently zoned MXT-NOD. Thriving Enterprise: The acquisition includes a successful enterprise with a loyal customer base. You’re not just buying a property; you’re inheriting a rich legacy. Ample Parking: Unlike many establishments in the area, North Broadway Dairy Queen offers ample parking space, adding convenience for customers and enhancing the overall appeal of the property. The Dairy Queen could be relocated as part of this purchase is the franchise rights to move the operating business within a defined area of Rochester.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,400,000
    Property Type: Commercial
    City: Rochester
    Garage Spaces: 1
    County: Olmsted
    Year Built: 1947
    State: MN
    Property Style: 1 Story
    Zip Code: 55906
    Subdivision Name: New Sub

    Interior

    Ceiling Height: 8-10
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 1
    Garage Dimensions: 15 x 22
    Garage Size: 330 ft2
    Other Parking Spaces: 22
    Air Conditioning: Central Air
    Foundation Size: 606 ft2
    Foundation Dimensions: 32 x 20
    Handicap Accessible: No Stairs External, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Parking Lot
    Road Frontage:
    • City Street
    • Curbs
    • Highway
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material: Other
    Roof Details: Flat

    Lot & Land

    Acres: 0.39
    Geolocation: 44.029291, -92.462596
    Inclusions: Building, Business, Fixture/Equipment, Inventory, Land
    Lot Dimensions: 137 x 125
    Addl Parcels: 743514015193
    Zoning: Business/Commercial
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)

    Farm

    Topography: Level

    Schools

    School District: 535
    District Phone: 507-328-3000

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $7,732
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,732

    Units

    Total Units: 1

    Miscellaneous

    Current Use: Food Service
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

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    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.