432 16th AVE NW, Rochester, MN 55901 - MLS#6499005

See all 15 photos

15 photos

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Brandon Anderson

brandon@brandonanderson.com +1(612) 490-0638

$1,200,000

Est. payment - /mo

0.86 Acres Lot

Save

UPDATED:

10/04/2024 02:02 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Cascade Center

MLS Listing ID 6499005

Year Built 1964

Annual Tax Amount $32,716

Tax Year 2023

Contingent None

Lot Size 0.860 Acres

Acres 0.86

Lot Dimensions 276 x 180

Property Description

Unlock the Potential! Discover this prime property that once housed a popular restaurant, now cleared and transformed into a versatile shell space, ready for your creative vision. Located in an established residential neighborhood surrounded by a vibrant mix of retail, this lot offers endless possibilities for residential, commercial, or mixed-use development.

Land Description: This property consists of two parcels (0.86 Acres), providing exceptional flexibility for your project. With a high visibility rate of 4,950 AADT, you?ll benefit from easy access and strong exposure, making it an ideal spot for your next venture.

Building Information: The existing structure can be repurposed to suit your needs or torn down to make way for your vision. Whether you envision a modern residential complex, a vibrant retail hub, or an innovative mixed-use space, the canvas is yours to design!

Neighborhood Highlights: Residents will appreciate the convenience of nearby parks, restaurants, and shopping centers, creating a dynamic environment that attracts both visitors and locals. This prime location is set to become a thriving hub for future success.

Investment Opportunity: Don?t miss out on this exceptional chance to capitalize on the growing demand in this desirable area. Your vision can take shape here?transform this clean, ready-to-develop space into something extraordinary!

Location

State MN

County Olmsted

Zoning Business/Commercial

Rooms

Basement Unfinished

Interior

Heating None

Cooling None

Inclusions Building, Land

Fireplace No

Exterior

Garage Parking Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Flat

Present Use Vacant

Parking Type Parking Lot

Building

Lot Description Irregular Lot

Foundation 4656

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Stucco

Schools

School District Rochester

Read Less Info

Listed by Robert Beeman • Realty Growth Inc.

Get More Information

Brandon Anderson

+1(612) 490-0638

Agent | License ID: 40180683

Agent License ID: 40180683