4590 Commercial DrRochester, MN 55902

Property Details for 4590 Commercial Dr

Year built

2007

Lot size

1.05 AC

Property size (Sq ft)

7,336 SF

Property type

Automotive properties

APN

64.26.31.077595

APU

642631077595

Description

This exceptional 2.46-acre commercial land parcel presents a unique investment opportunity in southwest Rochester, Minnesota. Located at the new interchange of 48th Street SW and Highway 63, this property boasts unparalleled visibility and convenient access. The site is zoned LI - Light Industrial, offering flexibility for a variety of commercial and retail uses. Its strategic location places it adjacent to major retail establishments, including Target, Fleet Farm, Lowe's, Burlington Coat Factory, Kwik Trip, McDonald's, Caribou Coffee, Jiffy Lube, Toyota, and Mercedes dealerships, ensuring high traffic and strong consumer presence. Furthermore, the property benefits from its proximity to the renowned Mayo Clinic, currently undertaking a $5 billion expansion project in Rochester. This expansion is driving significant growth in the area, including rapid housing development, further enhancing the property's long-term value and potential. Built in 2007, this parcel offers immediate development potential in a thriving market. The 55902 zip code ensures easy access to a robust infrastructure and a strong local economy. Don't miss this chance to acquire a premier commercial property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,775,152

  6.5%

  $1,638,602

  7%

  $1,521,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $943,562

  Geo Method

  $943,562

• Alternative Use

  Use

  Valuation

  Residential

  $1,382,222

  Hospitality

  $1,266,108

  Educational

  $1,053,387

  Medical

  $1,089,614

  Retail

  $1,638,602

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

43.9553

Longitude

-92.4693

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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