603 4th Street SE Rochester, MN $ 1,900,000
603 4th Street SE
$ 1,900,000
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603 4th Street SE

Rochester, MN, 55904
$ 1,900,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 9,060

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Commercial Property for sale in Rochester, MN

for $1,900,000. This building was built in 1957 on a lot size of 164 x 269.

This is an assembled 5 parcel estimated at slightly over 1 acre on the edge of downtown. All 5 properties must be sold together and intended for future development or can be held as rental property ($80, 000 yr/gross) until ready for multi-use development. Plans for condo or apartment project are ready for discussion. 54 units with underground parking is the favored plan thus far. Other options abound. Contact Realtors for details. This is a great opportunity for redevelopment and perfect location. On Mayo park, famous for concerts by the river, only 3 blocks from skyway system connecting all of downtown and Mayo campus. Nearby to emerging University of Minnesota Rochester campus. Owner occupied condos would be ideal. Main level could house specialty grocery chain, caf??, coffee shop, even day care possibility. Post card views of downtown from any floor. River walk, bike trails, across the street. It is all here and open for redevelopment of this site.

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Style

Mixed Use

Lot Size

164 x 269

Year Built

1957

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

5494840

Features
Interior
Heating System Forced Air
Sewer City Sewer
Water Source City Water
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Exterior
Construction Stucco
Separate Utilities Heat
Siding Wood Exterior
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* Excluded Features
List By
Edina Realty, Inc.

Broker

Affordability Calculator

$9,060
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,060
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 3.99% 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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603 4th Street SE, Rochester, MN, 55904 is a Commercial Property for sale at $1,900,000 with a lot size of 164 x 269. 603 4th Street SE has 0.0 baths and was built in 1957. The property's zip code is 55904 which is in Rochester, MN