Comments for 1925 48th Street NE, Rochester, MN 55906
Tremendous opportunity to purchase this well built multi-use building with black top parking lot. Also, adjacent future development land is included (approximately 3 1/2 to 4 acres) with this property. Current building is in excellent condition with 4 bathrooms, kitchen area, conference rooms, event center, and only limited by your imagination! Potential uses could be, event center, commercial retail, offices, business services, day care, pet care and dog training site, church events, almost unlimited use, providing it conforms to zoning or rezoning options. Call for information on taxes and current possible uses, along with potential multi-family or villa home development potential on remaining acres. Professionally designed concept plan available for redevelopment idea. Property building is vacant, but was formerly used as a church, thus property taxes are from 2023 and depending on new use and developments, taxes are to be determined. The building alone would cost the asking price if built today! City water and sewer recently brought to the site and paid for in full...a developers dream, along with income from the building if rented. Much to explore on this rare financial opportunity. If interested in leasing the building call for that optional use.
Appliances: Dishwasher, Gas Water Heater, Refrigerator
Roof Type: Age Over 8 Years
Days on Market: 245
Sale Includes: Building
Foundation Size: 5336
Sewer: City Sewer/Connected
Fuel Type: Natural Gas
Stories: 1.0
Heating: Forced Air
Taxes: $17,790
Lot Description: Tree Coverage - Light
Units: 1
Lot Dimensions: Irreg
Utilities: Electric Common
Lot Size: 5.46 Acres
Water: City Water/Connected
Parcel#: 731823080242
Year Built: 1990
Parking Description: Off Site, Parking Lot, Paved Lot
School District: Rochester