603 4th Street Se

Rochester, MN 55904

About this property

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.

Date Added
April 8, 2021
Listing Status
Active
Days On Site
14
MLS#
5737273

Features and Additional Information

Lot Size
7,405 SqFt
Acreage
0.17
Property Type
Commercial
Style
iqweb_
Sub-Type
Resale
Year
1957
Zoning
Square Feet
0
Units
9
Story(s)
0
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$1,900,000 Active
0 SQFT

Presented By Coldwell Banker River Valley Commercial Group

Coldwell Banker Commercial River Valley

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Brokerage
Coldwell Banker Commercial River Valley
(608) 784-9930

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