1004 15Th AveRochester, MN 55904

Property Details for 1004 15Th Ave

Year built

1951

Lot size

1.01 AC

Property size (Sq ft)

2,269 SF

Property type

Investment properties

Property subtype

Live-work space

APN

64.01.41.001047

APU

640141001047

Description

This exceptional mixed-use investment opportunity in Rochester, Minnesota, presents a rare chance to acquire a portfolio of four commercial buildings situated on a sizable 1.01-acre lot. The property boasts a prime location with high visibility, directly across from established businesses such as Planet Fitness, Cub Foods, and the Eagles Club, ensuring significant foot traffic and brand recognition. The property includes a duplex, providing immediate rental income potential, alongside three additional commercial buildings offering diverse revenue streams. The buildings are situated at 1004 15th Ave SE, Rochester, MN 55904, within Olmsted County. The property's Assessed Parcel Number (APN) is 640141001047. This is a turnkey investment opportunity with significant upside potential, ideal for an investor seeking a diverse portfolio in a thriving market. The property's strategic location and the combination of residential and commercial units make it an attractive proposition for long-term growth and profitability. The recent price reduction makes this an even more compelling investment opportunity. This package presents a unique chance to acquire a well-positioned, multi-building commercial property in a desirable location. Don't miss this chance to secure a valuable asset in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $373,502

  6.5%

  $344,771

  7%

  $320,145

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,810

  Geo Method

  $115,810

• Alternative Use

  Use

  Valuation

  Residential

  $427,517

  Hospitality

  $391,603

  Educational

  $325,809

  Medical

  $337,014

  Retail

  $506,814

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0109

Longitude

-92.4429

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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