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603 4th St SE
Rochester, MN 55904
Roscoe's Corner Development Land · Land For Sale · 1.00 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Hold For Development
  • Hold For Investment
Total Lot Size 1.00 AC
Zoning B4, B2, R1

DESCRIPTION

*Prime commercial development property just six blocks east of downtown Rochester *Located across from the Mayo City Park that has a footbridge that will take you over the Zumbro River to downtown or the Mayo Civic Center *Rochester has had rapid and sustained growth over the last few years and is expected to continue for many years to come. The Mayo Foundation estimates that there will be 40,000 plus new employees over the next 10 to 20 years. With an influx of that many individuals and families, the need for various new businesses such as restaurants, grocery stores, and a definite need for housing also increases *This area consists primarily of older single-family homes, many of which have been converted into rental housing *The property currently has a seasonal restaurant with a parking lot, one single family home, one triplex, currently rented and two duplex units also currently rented

  • Listing ID: 11463508

  • Date on Market: 2/2/2018

  • Last Updated:

  • Address: 603 4th St SE, Rochester, MN 55904

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