2723 Commerce DrRochester, MN 55901

Property Details for 2723 Commerce Dr

Year built

2006

Lot size

1.00 AC

Property size (Sq ft)

6,820 SF

Property type

Bars

Property subtype

Pubs

APN

74.20.44.073546

APU

742044073546

Description

This exceptional 6,820 square foot restaurant property, located at 2723 Commerce Dr NW in Rochester, Minnesota, presents a unique investment opportunity. Built in 2006, the property sits on a sizable 43,502 square foot lot, offering ample space and visibility. The asking price is $2,490,000. The building is exceptionally well-maintained and features a fully built-out pizza kitchen, complete with all necessary equipment and furniture, included in the sale price. This turnkey operation is ideal for an owner-user looking to establish or rebrand their restaurant concept. The property benefits from its location in a high-traffic retail area, ensuring significant foot and vehicle traffic. The property's excellent condition and prime location make it an attractive proposition for a discerning buyer seeking a ready-to-operate restaurant business in a thriving Minnesota market. The property is zoned for retail use and offers significant potential for continued success. All kitchen equipment and furniture are included in the sale, minimizing start-up costs and allowing for a seamless transition. This is a rare opportunity to acquire a well-established and profitable restaurant property in a desirable location. Detailed financial information is available upon request. The zip code is 55901.

• CAP approach

  CAP return

  Valuation

  6%

  $1,650,291

  6.5%

  $1,523,346

  7%

  $1,414,535

• Comparable approach

  Method

  Valuation

  Relative Method

  $877,194

  Geo Method

  $877,194

• Alternative Use

  Use

  Valuation

  Residential

  $1,284,999

  Hospitality

  $1,177,052

  Educational

  $979,294

  Medical

  $1,012,973

  Retail

  $1,523,346

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0527

Longitude

-92.5218

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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