432 16th Avenue NW Rochester, MN $ 1,200,000
432 16th Avenue NW
$ 1,200,000
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432 16th Avenue NW

Rochester, MN, 55901
$ 1,200,000
Baths0.0 Sq 4,655

Monthly Estimate*

$ 8,382

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Studio

Commercial Property for sale in Rochester, MN

for $1,200,000. This 4,655 square foot building was built in 1964 on a lot size of 0.86.

This property is prime for development in the growing Rochester community. Situated close to Civic Center Drive NW you can access the site with ease. Two parcels were included within the sale for a total of approximately 37,424 Sqft. The city of Rochester has currently zoned as MXG. Within blocks of this site, you will find Caribou Coffee, Hyvee, Olive Garden, and other well-known retailers. The 16th Ave leads to St.Mary's Hospital when headed South.

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Commercial Pending

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 32,716

Style

Lot Size

0.86

Year Built

1964

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

6499005

Features
General
Sewer City Sewer/Connected
Heating None
Cooling None
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Flat
Garage Spaces 0
Construction Materials Stucco
Year Built 1964
Tax Year 2023
Current Use Vacant
Accessibility No Stairs External
Additional Parcels Description 743441003168
County Olmsted
Property Type Commercial Sale
Contingency None
Subdivision Name Cascade Center
Possible Use Office Professional Service Rest/Lounge Restaurant Retail Service Station Grocery Investment Bar/Tavern Motel/Hotel
Directions Located on the South side of Civic Center Drive NW. This property is accessible from HWY 52. If you are headed North Bound on HWY 52 take the civic center drive exit and your next right at 16th Ave N
City Rochester
Buyer Agent Compensation 2.50
High School District Rochester
Zoning Description Business/Commercial
Total Units 1
Street Name 16th
Land Lease Y/N N
Tax Annual Amount 32716
Additional Parcels Y/N Y
Days on Market 14
Standard Status Pending
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Unfinished
Basement (Y/N) Y
Street Suffix Avenue
Ceiling Height 8-10
Foundation Dimensions 65 x 65
Fuel Natural Gas
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Exterior
Parking Features Parking Lot
Lot Features Irregular Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.86
Building Area Total 4655
Lot Dimensions 276 x 180
Lot Size Units Square Feet
Foundation Area 4656
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 432
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* Excluded Features
List By
Realty Growth Inc.

Broker

bucky@rgi-group.com

Email

Affordability Calculator

$11,109
Per Month
75%
25%
0%
Monthly Principal & Interest
$8,382
Monthly Property Taxes
$2,726
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
708969 Elementary School
708343 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$1,200,000 Listed Price

Map


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432 16th Avenue NW, Rochester, MN, 55901 is a Commercial Property for sale at $1,200,000 with 4,655 sqft and a lot size of 0.86. 432 16th Avenue NW is a studio with 0.0 baths and was built in 1964. The property's zip code is 55901 which is in Rochester, MN