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Active
Listed
$4,500,000
/mo   Edit
MLS# 5567267
Commercial
Built 1977
23 acres
Rochester schools
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    Description:   Multiple Buildings on 2 parcels included with this very attractive property. Combined square footage of 70, 050 on roughly 23 acres. Current tenants occupy approximately 64K sf on the first and second floors. The remainder of the building is ready for your personal use or can be leased. Bring your ideas forward! This building may be a great opportunity for a technology campus in the rapidly growing DMC market in Rochester. This property also includes 2 series 10, 000 clean rooms, 3 phase electric and central rooftop units. Currently on a private well and septic but city sewer and water have been brought to the street and can be connected. *Everything from shop space to office space
    List Price: $4,500,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Industrial/Warehouse
    Year Built: 1977
    City: Rochester
    County: Olmsted
    State: MN
    Zip Code: 55904

    Interior

    Building Fin Sq Ft: 70,050 ft²

    Exterior

    Heating System: Boiler
    Foundation Size: 23,350 ft²
    Handicap Accessible: Partially Wheelchair
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 40
    Roof Details: Flat

    Lot

    Acres: 23
    Latitude: 43.98562352
    Longitude: -92.40504470
    Lot Size Dim.: irregular
    Dev/Complex Name: City Lands
    Zoning: Business/Commercial

    Schools

    School District: 535
    District Phone: 507-328-3000

    Expenses

    Annual Fuel Expense: $12,441
    Annual Insurance Expense: $12,000
    Annual Maintenance Expense: $5,000
    Annual Gross Expense: $202,048
    Annual Water/Sewer Expense: $63,841

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $95,320
    Assessment Pending: No
    Taxes w/ Assessments: $95,320

    Income

    Annual Gross Income: $451,956

    Rent

    Annual Net Income: $249,908

    Unit

    Total Units: 1

    Miscellaneous

    Current Use: Commercial, Professional Service, Professional/Office, Warehouse, Industrial, Office, Other
    Fuel System: Propane
    Sale Includes: Building, Leases, Land
    Sewer System: Private Sewer
    Available Utilities: Heating Separate
    Utilities: Heating Separate
    Water System: Well

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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