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$1,750,000
Est. payment /mo
7,013 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Wooldridge Add
MLS Listing ID 7054657
Year Built 1870
Annual Tax Amount $22,812
Tax Year 2025
Contingent None
Lot Size 7,013 Sqft
Lot Dimensions 52x320
Property Description
Here is an amazing opportunity to add a value add cashflowing asset to your multi-family portfolio. Located in
the Rochester MSA, anchored by Mayo Clinic and the $5.5 Billion in local, county and state investment to the
area over the next 20 years via the Destination Medical Center Initiative. These 2 buildings are located in the
heart of Stewartville, a growing and vibract community just south of Rochester. With the property located at
the intersection of highways 63 and 30, you are located right in the heart of of the downtown Stewartville
business district, with easy access to local amenities, including blocks away from Stewartville High School,
and just a couple of miles from Rochester International Airport.
The property consists of 2 buildings right next to each other. The main building consists of 16 multi-family units
and 2 commercial spaces, and the adjacent building consists of 8 multi-family units. The electrical, many of the
common areas, and over half of the residential units have been updated with current ownership. They
purposefully left the remaining units to be updated to provide a value add opportunity for new owners.
Please allow 48 hours advance notice for showings. Agent is owner.
the Rochester MSA, anchored by Mayo Clinic and the $5.5 Billion in local, county and state investment to the
area over the next 20 years via the Destination Medical Center Initiative. These 2 buildings are located in the
heart of Stewartville, a growing and vibract community just south of Rochester. With the property located at
the intersection of highways 63 and 30, you are located right in the heart of of the downtown Stewartville
business district, with easy access to local amenities, including blocks away from Stewartville High School,
and just a couple of miles from Rochester International Airport.
The property consists of 2 buildings right next to each other. The main building consists of 16 multi-family units
and 2 commercial spaces, and the adjacent building consists of 8 multi-family units. The electrical, many of the
common areas, and over half of the residential units have been updated with current ownership. They
purposefully left the remaining units to be updated to provide a value add opportunity for new owners.
Please allow 48 hours advance notice for showings. Agent is owner.
Location
State MN
County Olmsted
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Boiler
Cooling Window Unit(s)
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Present Use Professional Service,Residential
Building
Foundation 5905
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Stewartville
Read Less Info
Listed by Mike Swenson • eXp Realty
NEARBY SCHOOLS & PROPERTIES
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