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Active
$3,500,000
/mo Edit
Commercial:  Other
Built 1966
Rochester schools
MLS# 6343078
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    Property Description

    Excellent opportunity to invest in this multi parcel portfolio right on North Broadway, the gateway to Destination Medical Center! This five-parcel portfolio consists of various businesses, easy access to public transportation, ample parking and a fantastic location just blocks from Silver Lake. Three of the parcels are right on Broadway and the two additional parcels are connected directly behind it. The parcels are accessible from three streets: 10th Street NE, 11th Street NE- both connecting to Broadway Avenue. Rare opportunity for endless commercial possibilities!

    Listing

    Contingency: None
    City: Rochester
    County: Olmsted
    State: MN
    Property Style: Other
    Zip Code: 55906
    Subdivision Name: Northern Add

    Exterior

    Garage Spaces: 4
    Other Parking Spaces: 60
    Foundation Size: 3,436 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Detached
    Exterior Material: Aluminum Siding

    Lot & Land

    Geolocation: 44.033882, -92.462593
    Inclusions: Building, Land, Leases, Rental License
    Lot Dimensions: 268 x 125/206 x 56
    Addl Parcels: 743511056110, 743511016068
    Zoning:
    • Business/Commercial
    • Other

    Schools

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

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $46,514
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $46,514

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Automotive
    • Commercial
    • Residential
    • Restaurant
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.