Property profile

4590 Commercial SW Dr Rochester, MN 55902

OFF-MARKET
Automotive properties
Property ID
US46-1443769
7,336 SF 1.05 ac lot Built 2007
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.46-acre commercial land parcel presents a unique investment opportunity in southwest Rochester, Minnesota. Located at the new interchange of 48th Street SW and Highway 63, this property boasts unparalleled visibility and convenient access. The site is zoned LI - Light Industrial, offering flexibility for a variety of commercial and retail uses. Its strategic location places it adjacent to major retail establishments, including Target, Fleet Farm, Lowe's, Burlington Coat Factory, Kwik Trip, McDonald's, Caribou Coffee, Jiffy Lube, Toyota, and Mercedes dealerships, ensuring high traffic and strong consumer presence. Furthermore, the property benefits from its proximity to the renowned Mayo Clinic, currently undertaking a $5 billion expansion project in Rochester. This expansion is driving significant growth in the area, including rapid housing development, further enhancing the property's long-term value and potential. Built in 2007, this parcel offers immediate development potential in a thriving market. The 55902 zip code ensures easy access to a robust infrastructure and a strong local economy. Don't miss this chance to acquire a premier commercial property in a rapidly growing area.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2007
Total area 7,336 SF
Lot 1.05 ac (45,738 SF)
APN 64.26.31.077595
UPID US46-1443769

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

4590 Commercial SW Dr Rochester, MN 55902-2580
Rochester metro Census 1203 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$959k
Blend (final) Blend
$1.09M

Owner & transaction history

since 2007
2 recorded transactions
2007
$728,878
2007
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.3M +10.8%
Retail stores $1.2M +1.6%
Commercial (general) $1.2M +0.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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