432 16th NW Ave Rochester, MN 55901

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.