432 16Th AveRochester, MN 55901

Property Details for 432 16Th Ave

Year built

1964

Lot size

0.71 AC

Property size (Sq ft)

6,476 SF

Property type

Bars

Property subtype

Pubs

APN

74.34.41.003010

APU

743441003010

Description

This exceptional 0.86-acre commercial and residential lot in Rochester, Minnesota, presents a unique investment opportunity. Located at 432 16th Ave NW, this property boasts a prime location within an established residential neighborhood, yet benefits from proximity to vibrant retail options and high traffic volume (4,950 AADT). Previously occupied by a restaurant, the site is now cleared and ready for development, offering flexibility for various uses, including residential, commercial, or mixed-use projects. The property consists of two parcels, providing additional development options. The MXG zoning allows for a range of possibilities. Nearby amenities include parks, restaurants, and shopping centers, creating a desirable environment for residents and businesses alike. This high-visibility location, with its strong potential for future growth, makes it an ideal investment for those seeking to capitalize on the area's increasing demand. The asking price is $1,200,000, and the APN is 743441003010 and 74.34.41.003168. Don't miss this chance to transform this versatile space into a thriving venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,567,051

  6.5%

  $1,446,508

  7%

  $1,343,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $832,948

  Geo Method

  $832,948

• Alternative Use

  Use

  Valuation

  Residential

  $1,220,184

  Hospitality

  $1,117,682

  Educational

  $929,898

  Medical

  $961,879

  Retail

  $1,446,508

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0282

Longitude

-92.4837

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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