1925 48th ST NE, Rochester, MN 55906 - 6798913

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Jamie Albertsen

jamie@pedersonrealty.com +1(507) 581-7094

$1,295,000

Est. payment - /mo

5.46 Acres Lot

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Hadley Creek Outlots 2Nd

MLS Listing ID 6798913

Year Built 1990

Annual Tax Amount $17,790

Tax Year 2024

Contingent None

Lot Size 5.460 Acres

Acres 5.46

Lot Dimensions Irreg

Property Sub-Type Other

Property Description

Tremendous opportunity to purchase this well built multi-use building with black top parking lot. Also, adjacent future development land is included (approximately 3 1/2 to 4 acres) with this property. Current building is in excellent condition with 4 bathrooms, kitchen area, conference rooms, event center, and only limited by your imagination! Potential uses could be, event center, commercial retail, offices, business services, day care, pet care and dog training site, church events, almost unlimited use, providing it conforms to zoning or rezoning options. Call for information on taxes and current possible uses, along with potential multi-family or villa home development potential on remaining acres. Professionally designed concept plan available for redevelopment idea. Property building is vacant, but was formerly used as a church, thus property taxes are from 2023 and depending on new use and developments, taxes are to be determined. The building alone would cost the asking price if built today! City water and sewer recently brought to the site and paid for in full...a developers dream, along with income from the building if rented. Much to explore on this rare financial opportunity. If interested in leasing the building call for that optional use.

Location

State MN

County Olmsted

Zoning Other

Interior

Heating Forced Air

Inclusions Building

Fireplace No

Appliance Dishwasher, Gas Water Heater, Refrigerator

Exterior

Parking Features Off Site, Parking Lot, Paved

Utilities Available Electric Common

Roof Type Age Over 8 Years

Present Use Other

Building

Lot Description Some Trees

Story One

Foundation 5336

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Block,Vinyl Siding,Wood Siding

Schools

School District Rochester

Others

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Listed by Thomas Meilander • Edina Realty, Inc.

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Jamie Albertsen

+1(507) 581-7094

1925 48th ST NE Rochester, MN 55906

Jamie Albertsen

Key Details

Location

Interior

Exterior

Building

Schools

Others

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