432 16Th AveRochester, MN 55901

For Sale
$1,200,000

0.86-acre lot, high visibility, mixed-use potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 0.86-acre commercial and residential lot in Rochester, Minnesota, presents a unique investment opportunity. Located at 432 16th Ave NW, this property boasts a prime location within an established residential neighborhood, yet benefits from proximity to vibrant retail options and high traffic volume (4,950 AADT). Previously occupied by a restaurant, the site is now cleared and ready for development, offering flexibility for various uses, including residential, commercial, or mixed-use projects. The property consists of two parcels, providing additional development options. The MXG zoning allows for a range of possibilities. Nearby amenities include parks, restaurants, and shopping centers, creating a desirable environment for residents and businesses alike. This high-visibility location, with its strong potential for future growth, makes it an ideal investment for those seeking to capitalize on the area's increasing demand. The asking price is $1,200,000, and the APN is 743441003010 and 74.34.41.003168. Don't miss this chance to transform this versatile space into a thriving venture.

Highlights

  • Prime location in established Rochester, MN neighborhood, near retail and high traffic (4,950 AADT).
  • 0.86-acre lot with two parcels, cleared and ready for development; MXG zoning allows for residential, commercial, or mixed-use.
  • High visibility due to significant traffic volume.
  • Excellent investment opportunity in a desirable area with strong growth potential; asking price $1,200,000.

Property Details for 432 16Th Ave

Property type
Other land, Land
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0283692
Longitude
-92.4837106
432 16Th Ave, Rochester, Minnesota

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
432 16Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message