6176 Rome CirRochester, MN 55901

  • Commercial land
  • 0.53 AC
For Sale
$1,090,000 View listing

Property Details for 6176 Rome Cir

Lot size
0.53 AC
Property type
Commercial land
APN
74.09.24.076227
APU
740924076227

Description

This exceptional 7,200 square foot commercial property in Rochester, MN, presents a unique investment opportunity. Strategically located off Highway 52 and 65th Street NW, this new construction building boasts a prime location with excellent visibility and accessibility. The property encompasses 0.53 acres and is comprised of three individual suites, each measuring 2,400 square feet. This versatile space is ideal for owner-occupancy or as an income-generating investment. Currently, two of the three suites (Suites 100 and 110) are under lease agreements with a two-year term and a monthly rent of $2,400 per suite. The building's modern design and convenient location make it an attractive option for a variety of businesses. The potential for strong rental income, coupled with the flexibility to occupy a portion of the space, makes this a compelling proposition for discerning investors and business owners alike. This is a rare opportunity to acquire a high-quality, newly constructed commercial property in a thriving market. Further details are available upon request. The asking price for this exceptional property is $1,090,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,333,575
    Hospitality
    $3,969,532
    Educational
    $3,302,604
    Medical
    $3,416,185
    Retail
    $5,137,384

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0888
Longitude
-92.5136
CBSA code
40340
CBSA name
ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,254
$69,100
-
$69,100
-
$69,100
-
$69,100

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