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    603 4th Street SE

    Rochester, MN 55904
    • $1,900,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 5737273
    UPDATED: 46 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:
    Area:

    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.

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    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 Lakes Country Realty LLC 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. Lakes Country Realty LLC is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Lakes Country Realty LLC, 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 2021-05-18T00:07:52.803.

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    www.lakescountryrealty.com/homes/115884560
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    603 4th Street SE Rochester, MN 55904

    • Price: $1,900,000
    • Status: Active
    • Updated: 46 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
    Area:
    ROCHESTER
    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

    Property Features

    Accessibility Features Other Additional Parcels Description 640122015046640122015050 Additional Parcels YN Yes Contingency None Current Use Food ServiceResidentialCommercialVacant Foreclosure Status No Fuel Natural Gas Inclusions BuildingLandLeasesOther Lender Owned No Postal City Rochester Potential Short Sale No Property Sub Type Apartment School District Number 535 Sewer City Sewer/Connected Tax Annual Amount 15088 Tax With Assessments 15088.00 Tax Year 2020 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 Lakes Country Realty LLC 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. Lakes Country Realty LLC is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Lakes Country Realty LLC, 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 2021-05-18T00:07:52.803.

    Click here for Digital Millennium Copyright Act
     
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    Lakes Country Realty LLC
    13333 297th Street
    Lindstrom MN, 55045
    Listing courtesy of Edina Realty, Inc..