4590 Commercial SW Dr Rochester, MN 55902-2580
Property profile & analytics
4590 Commercial SW Dr Rochester, MN 55902-2580
- Automotive properties
- 7,336 SF
- 1.05 lot acres
Property ID
US46-1443769
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Discount Tire / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 4590 Commercial SW Dr
- Year built
- 2007
- Lot size
- 1.05 lot acres
- Property size
- 7,336 SF
- Property type
- Automotive properties
- APN
- 64.26.31.077595
- APU
- 642631077595
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $958,000
Market price range: $318k - $959k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,160,000 Current use
- RESTAURANT
- $1,285,000 Change: +11% Conversion: Difficult
- RETAIL STORES
- $1,180,000 Change: +2% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,160,000 Change: +0% Conversion: Moderate
- OFFICE BUILDING
- $1,150,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4693
- Latitude
- 43.9553
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,582
$365,900
$707,200
$1,073,100
-
$365,900
$707,200
$1,073,100
