1925 48th Street Ne, Rochester, MN

$1,295,000

5,301

Square feet

5.46

Acres

About 1925 48th Street Ne

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.

Features of 1925 48th Street Ne

MLS® # 6798913
Price $1,295,000
Square Footage 5,301
Acres 5.46
Year Built 1990
Type Commercial
Sub-Type Other
Style Other
Status Active
Contingency Type None

Community Information

Address 1925 48th Street Ne
Subdivision Hadley Creek Outlots 2nd
City Rochester
County Olmsted
State MN
Zip Code 55906

Amenities

Garages Off Site, Parking Lot, Paved
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Gas Water Heater, Refrigerator
Heating Forced Air
Fireplace No
Has Basement No

Exterior

Lot Description Some Trees
Roof Age Over 8 Years
Construction Block, Vinyl Siding, Wood Siding

School Information

District Rochester

Additional Information

Zoning Other
Foreclosure No
Short Sale No
Taxes $17,790
Tax Year 2024
Office Edina Realty, Inc.

Listing Details

OfficeEdina Realty, Inc.

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