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

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,295,000

Est. payment - /mo

237,837 SqFt

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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

Acres 5.46

Lot Dimensions Irreg

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

Direction Take north Broadway heading north to 48th St NE, take right, property well marked on the left, about 1/4 mile.

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

Accessibility Other

Building

Lot Description Tree Coverage - Light

Foundation Slab

Water City Water/Connected

Others

Senior Community No

Tax ID 731823080242

Virtual Tour https://my.matterport.com/show/?m=f3QdjsL1q7m&mls=1

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Listed by Edina Realty, Inc.

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