1177 Chester AveRochester, MN 55904

Property Details for 1177 Chester Ave

Year built

2008

Lot size

2.93 AC

Property size (Sq ft)

12,736 SF

Property type

Warehouses

APN

63.11.12.078184

APU

631112078184

Description

This exceptional 12,736-square-foot industrial property, built in 2008, presents a unique investment opportunity in Rochester, Minnesota. The property consists of two single-story buildings situated on a generous 3.88-acre lot, offering ample space for various business needs. The flex space design seamlessly blends warehouse and office functionality, featuring multiple overhead garage doors ideal for loading and unloading. The property boasts high visibility from Highway 14, ensuring excellent exposure for your business. A significant advantage is the inclusion of an on-site house, perfect for an owner-occupier seeking convenient proximity to their operations. The metal roof provides durability and low maintenance. The expansive lot size is particularly beneficial for businesses requiring space for truck and trailer parking and maneuvering. The property's Olmsted County location, with an APN of 631112078184, and its convenient access to Rochester, make it an attractive option for a wide range of industrial and commercial uses. The property is zoned for industrial use and offers significant potential for growth and expansion. This turnkey solution combines warehouse space, office space, and residential accommodation in one convenient location. The property's features make it suitable for a variety of businesses seeking a versatile and strategically located space.

• CAP approach

  CAP return

  Valuation

  6%

  $4,782,460

  6.5%

  $4,414,580

  7%

  $4,099,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,040,070

  Geo Method

  $1,040,070

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,244,870

  Mixed-Use / Specialty

  $2,221,960

  Hospitality / Lodging

  $1,610,790

  Office

  $2,193,250

  Institutional / Educational

  $2,304,620

  Residential Income

  $2,696,410

  Multifamily

  $3,316,520

  Automotive / Energy

  $1,975,390

  Parking / Income-Based Land

  $696,403

  Restaurant / Food Service

  $1,123,870

  Healthcare / Senior Housing

  $2,293,860

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0042

Longitude

-92.3461

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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