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538 Broadway Avenue N Rochester, MN $ 1,400,000
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$ 1,400,000 Get more info
538 Broadway Avenue N
$ 1,400,000
Back to search
Share Save

538 Broadway Avenue N

Rochester, MN, 55906
$ 1,400,000
Baths0.0 Sq 606

Monthly Estimate*

$ 9,779

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Studio

Commercial Property for sale in Rochester, MN

for $1,400,000. This 606 square foot building was built in 1947 on a lot size of 0.39.

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.

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Commercial Active

Price

$ 1,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,732

Style

Lot Size

0.39

Year Built

1947

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

6500767
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Flat
Garage Spaces 1
Construction Materials Other
Year Built 1947
Topography Level
Levels One
Tax Year 2023
Current Use Food Service
Accessibility No Stairs External No Stairs Internal
Additional Parcels Description 743514015193
County Olmsted
Property Type Commercial Sale
Contingency None
Subdivision Name New Sub
Possible Use Other Retail Investment
Directions Heading North on Broadway Ave you will find this location on the corner of Broadway Ave N and 6th ST NW. The property is directly next to Taco Bell on the North side of the parking lot. To the north
City Rochester
Buyer Agent Compensation 2.50
High School District Rochester
Zoning Description Business/Commercial
Total Units 1
Street Name Broadway
Land Lease Y/N N
Tax Annual Amount 7732
Additional Parcels Y/N Y
Days on Market 2
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement None
Basement (Y/N) N
Street Suffix Avenue
Ceiling Height 8-10
Foundation Dimensions 32 x 20
Fuel Natural Gas
Garage Dimensions 15 x 22
Garage Square Feet 330
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Exterior
Parking Features Parking Lot
Lot Features Public Transit (w/in 6 blks) Corner Lot
Water Source City Water/Connected
Inclusions Building Business Fixture/Equipment Inventory Land
Lot Size Area 0.39
Building Area Total 606
Lot Dimensions 137 x 125
Lot Size Units Square Feet
Foundation Area 606
Road Frontage Type City Street Curbs Paved Streets Sidewalks Street Lights Highway
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 538
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* Excluded Features
List By
Realty Growth Inc.

Broker

bucky@rgi-group.com

Email

Affordability Calculator

$10,424
Per Month
94%
6%
0%
Monthly Principal & Interest
$9,779
Monthly Property Taxes
$644
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/26/2024$1,400,000 Listed Price

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538 Broadway Avenue N, Rochester, MN, 55906 is a Commercial Property for sale at $1,400,000 with 606 sqft and a lot size of 0.39. 538 Broadway Avenue N is a studio with 0.0 baths and was built in 1947. The property's zip code is 55906 which is in Rochester, MN

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