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

KEY DETAILS
  • Price:
  • $4,500,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 23.00
  • Year Built:
  • 1977
  • MLS #:
  • NST5567267
  • Street Address:
  • 2450 Marion Rd SE
  • City:
  • Rochester
  • State:
  • MN
  • Postal Code:
  • 55904
  • County:
  • Olmsted
  • Subdivision:
  • City Lands
  • Listing Status:
  • For Sale - Active

Building

  • Construction Type:
  • Brick/Stone
  • Number Of Units:
  • 1
  • Stories:
  • Two
  • Type Of Roof:
  • Flat
  • Year Built:
  • 1977

Business

  • Annual Insurance Expenses:
  • 12000
  • Annual Maintenance Expenses:
  • 5000
  • Annual Water/Sewer Expenses:
  • 63841
  • Gross Income:
  • 451956
  • Net Operating Income:
  • 249908

Land

  • Existing Land Use:
  • Commercial, Professional Service, Professional/Office, Warehouse, Industrial, Office, Other
  • Lot Measurement Type:
  • Acres
  • Zoning Description:
  • Business/Commercial

Listing

  • Days On Market:
  • 118
  • Included In Sale:
  • Building, Leases, Land

Location

  • Street Direction Suffix:
  • Se
  • Street Type:
  • Road
  • Subdivision:
  • City Lands

Money

  • Property Taxes:
  • $95,320
  • Tax Year:
  • 2019

Structures

  • Parking Description:
  • Open, Asphalt, Unassigned

Systems

  • Existing Water:
  • Well
  • Heating:
  • Boiler
  • Sewage Type:
  • Private Sewer

Source

  • Listing Provided By Realty Growth Inc.

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SCHOOL RATINGS
n/a

ELEMENTARY SCHOOL DISTRICT: 535

n/a

HIGH SCHOOL DISTRICT: ROCHESTER

NOTES

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