$1,900,000
603 4th Street SE
Rochester, MN 55904
MLS# 6267049

603 4th Street SE, Rochester, MN 55904
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603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904 603 4th Street SE, Rochester, MN 55904

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, café, coffee shop, even

Details
Maps
Documents
None
Legal Description: SECT-01 TWP-106 RANGE-014 MORSE AND SARGEANT'S ADD LOT-001 BLOCK-045 LOT 1 BLK 45
Current Price: $1,900,000
Contract Information
List Price: $1,900,000
List Date: 2022-09-30
Owner is Agent: No
In Foreclosure: No
Potential Short Sale: No
Auction: No
General Property Information
Foundation Size: 10000
# of Parking Spaces: 6
Waterfront: No
Approx Nbr of Acres: 0.17
Location, Tax and Other Information
House Number: 603
Street: 4th
Street Abbreviation: Street
Street Dir Sfx: SE
Postal City: Rochester
County: Olmsted
State/Province: MN
Zip Code: 55904
Parcel Number: 640122015044
Township #: 106
Section #: 1
Range #: 14
Tax Year: 2022
Tax Amount: 15202
Directions & Remarks
Directions: Take S Broadway or 3rd Ave SE, to 4th St SE, (downtown), go east on 4th St until crossing Bear Creek Bridge to former Roscoes Ribs and Good Things!
Status Change Info
Status: Active
Contingency: None
Currently Not Used
Geo Lat: 44.019651
Geo Lon: -92.454719
Property Features
Heat: Forced Air
Fuel: Natural Gas
Current Use: Food Service; Residential; Vacant
Sale Includes: Building; Land; Leases; Other
Terms: Cash; Conventional
Supplements
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.

Listing Office: Edina Realty, Inc.

Last Updated: October - 28 - 2022

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

All the listing data contained in this site is the copyrighted and confidential material of the Southeast Minnesota Association of REALTORS MLS. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Site contains live data. Data is deemed reliable but not guaranteed.

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