11 5th St NW

11 5th St NW , Rochester, Minnesota, 55901 | 2,521 sq.f | $ 1,200,000

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About This Restaurant

Investment Highlights

Easily accessible from major roads and public transportation Exciting Lowertown Location Development Potential Corner Lot

Executive Summary

Discover a prime location just steps away from Broadway Avenue, presenting an exceptional development opportunity. Nestled in the Lowertown district of downtown Rochester, this property brims with untapped potential, ready for revitalization and new development. Creative seller financing options are at your disposal. Reach out to Realty Growth Inc. for comprehensive information.This listing pertains solely to the real estate itself. The business will be listed separately.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
  • Building Size    2,521
  • Building Class    C
  • Year Built    1969
  • Price    1,200,000
  • Price Per SF    476
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.21
  • Land Acres    0.27 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Bus Line
  • Corner Lot
  • Restaurant
  • Signage

Nearby Amenities & Transportation

Retail Caribou Coffee
Retail Bremer Bank
Retail U.S. Bank
Retail Saladworks
Retail Dunn Brothers Coffee
Retail The YMCA
Retail Starbucks
Retail Anytime Fitness
Retail Hy-Vee
Retail Wells Fargo Home Mortgage

Property Taxes

Parcel Number 74.35.42.018530 74.35.42.018531 Improvements Assessment $187,900
Land Assessment $113,300 Total Assessment $301,200
Date Created: 2024-07-16 04:16:20 Last Updated: 2024-07-16 04:16:20
Address: 11 5th St NW , Rochester, Minnesota, 55901