1925 48th ST NE Active Save Request In-Person Tour Request Virtual Tour
Rochester,MN 55906
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 237,837 sqft
Price per Sqft $5
Subdivision Hadley Creek Outlots 2Nd
MLS Listing ID 6798913
Year Built 1990
Annual Tax Amount $17,790
Lot Size 5,336 Sqft
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
Community Hadley Creek Outlots 2Nd
Zoning Other
Interior
Heating Forced Air
Flooring 237837.6
Exterior
Parking Features Parking Lot,Off Site,Paved Lot
Utilities Available Electric Common
Roof Type Age Over 8 Years
Building
Lot Description Tree Coverage - Light
Foundation Slab
Water City Water/Connected
Others
Virtual Tour https://my.matterport.com/show/?m=f3QdjsL1q7m&mls=1