432 16th Avenue NW
Rochester, MN 55901
Price: $1,200,000
Unlock the Potential! Discover this prime property that once housed a popular restaurant, now cleared and transformed into a versatile shell space, ready for your creative vision. Located in an established residential neighborhood surrounded by a vibrant mix of retail, this lot offers endless possibilities for residential, commercial, or mixed-use development.
Land Description: This property consists of two parcels (0.86 Acres), providing exceptional flexibility for your project. With a high visibility rate of 4,950 AADT, you’ll benefit from easy access and strong exposure, making it an ideal spot for your next venture.
Building Information: The existing structure can be repurposed to suit your needs or torn down to make way for your vision. Whether you envision a modern residential complex, a vibrant retail hub, or an innovative mixed-use space, the canvas is yours to design!
Neighborhood Highlights: Residents will appreciate the convenience of nearby parks, restaurants, and shopping centers, creating a dynamic environment that attracts both visitors and locals. This prime location is set to become a thriving hub for future success.
Investment Opportunity: Don’t miss out on this exceptional chance to capitalize on the growing demand in this desirable area. Your vision can take shape here—transform this clean, ready-to-develop space into something extraordinary!
Basic Features:
| Type |
Commercial Sale |
| Zoning |
Business/Commercial |
| Year Built |
1964 |
| School District |
Rochester |
| County |
Olmsted |
| Lot Size |
276 x 180 |
| Acreage |
0.86 acres |
| Lot Description |
Irregular Lot |
| Number of Units |
1 |
| Tax $ / Year |
$32,716 / 2023 |
| Tax ID |
|
| Legal Description |
|
Additional Features
| Government Programs |
|
| Section |
34 |
| Terrain Type |
|
| Roads |
City Street |
| Basement |
Unfinished |
| Cooling |
None |
| Driveway |
|
| Exterior Features |
Stucco |
| Foundation |
4656.00 |
| Fuel Source |
Natural Gas |
| Handicap Access |
No Stairs External |
| Heating |
None |
| Roof |
Flat |
| Sewer Service |
City Sewer/Connected |
| Water Service |
City Water/Connected |
| Water Heater |
|
| Parking Lot |
Parking Lot |
| Exterior Construction |
|
| Utilities |
Electric Separate,Heating Separate,Hot Water Separate |
| Laundry |
N |
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