Skip To Content

603 4th Street SE

Rochester, MN 55904
  • $1,900,000
  • STATUS: Active
  • ON SITE: 238 Days
  • ID#: 5737273
UPDATED: 51 min ago
$1,900,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,000
    SQFT
  • $190
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

School District:
Listing courtesy of Edina Realty, Inc..

Description

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.

Monthly Payment Calculator



IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-03T10:22:08.657.

Click here for Digital Millennium Copyright Act
www.residemn.com/homes/115884560
Print Image

603 4th Street SE Rochester, MN 55904

  • Price: $1,900,000
  • Status: Active
  • On Site: 238 Days
  • Updated: 51 min ago
  • ID#: 5737273
0
Beds
0
Baths
0
½ Baths
0.17
Acres
10,000
SQFT
$190
$/SQFT
1957
Built
Neighborhood:
Morse & Sargeants Add
County:
Olmsted
School District:
535 - Rochester
Property Description
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.
Exterior Features

Construction Materials StuccoWood Siding Foundation Area 10000 Lot Size Dimensions 164 X 269 Parking Features DetachedGravelAsphaltShared DrivewayPaved Parking Open 5 Waterfront YN No

Interior Features

Heating Forced Air Sq Ft Finished Building 10000

Property Features

Accessibility Features Other Additional Parcels YN Yes Assessment Pending No Contingency None Current Use Food ServiceResidentialCommercialVacant Expenses 28400.00 Foreclosure Status No Fuel Natural Gas Gross Income 80400 Inclusions BuildingLandLeasesOther Land Lease Amount 0 Lender Owned No Net Operating Income 52000 Operating Expense 28400 Postal City Rochester Potential Short Sale No Property Sub Type Apartment Rental License Type Standard Rental License YN Yes Sewer City Sewer/Connected Tax Annual Amount 15088 Tax With Assessments 15088.00 Tax Year 2020 Unit Type Efficiencies1 Bedroom2 Bedroom3 BedroomOne RoomTwo RoomThree RoomFour RoomFive RoomSix RoomSeven Room Utilities Heating Separate Water Source City Water/Connected Zoning Description Residential-Single FamilyResidential-Multi-Family

© 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Edina Realty, Inc.. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-03T10:22:08.657.

Click here for Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/northstar/orig_boomver_1_5737273-2.jpg https://bt-photos.global.ssl.fastly.net/northstar/orig_boomver_1_5737273-2.jpg https://bt-photos.global.ssl.fastly.net/northstar/orig_boomver_1_5737273-2.jpg
Logo
The Pomerleau Team
11671 Fountains Drive, Suite 200
Maple Grove MN, 55369
Listing courtesy of Edina Realty, Inc..