2450 Marion Road SE, Rochester, MN 55904 (MLS# 6572158)

Overview

Description

Property Overview: Building Type: Light Industrial or Office Status: 1 tenant currently occupying Parking: Ample on-site parking Land: Will need to be re-platted upon sale Available Space: Suite 100 (1st Floor): 23,378 SF available Suite 200 (2nd Floor): 23,378 SF available (currently occupied by a charter school, available 11/1/24) Ideal For: - Light Manufacturing - Warehousing and Distribution - Commercial Services - Industrial Operations Features and Benefits: Versatile Use: Previously used for light industrial purposes, this property is well-suited for a range of industrial and commercial applications. Tenant Income: The existing tenant provides income while leaving significant space available for new ownership use or additional leasing opportunities. Ample Parking: On-site parking available for employees, clients, and visitors. Prime Location: Located on Marion Road, with easy access to major transportation routes and key business hubs in Rochester, MN. Development Potential: The land requires re-platting, offering an excellent opportunity to customize and develop according to specific business needs.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 30
Owner Occupied: No
Year Built: 1977
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Industrial
Foundation Size: 70050
For Sale or Lease: For Sale
Acres: 12.09
Lot Dimensions: 639x1291
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air CMU Style: Freestanding; Industrial; Mixed Use Construction Status: Previously Owned Current Use: Manufacturing; Office Exterior: Brick/Stone Financing Terms: Other Fuel: Natural Gas Heating: Forced Air Lot Description: Cleared; Public Transit (w/in 6 blks) Miscellaneous Information: Delivery Door On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2024-10-30
Closed Date: 2024-12-26
Sales Close Price: 1755000
Contingency: None
ListPrice: 3500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2450
Street Name: Marion
Street Suffix: Road
Street Direction Suffix: SE
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55904
Complex/Dev/Subdivision: City Lands

Assessments

Tax With Assessments: 100742
Assessment Balance: 0

Building Information

Building Finished SqFt: 58131
Building SqFt: 58131

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Delivery Door: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 13
Section#: 17
Township#: 106

Sale Options

Sale Includes: Other

Unit 1

Unit Number: Yes
Level: Main Level
Unit Total SqFt: 22500
Leased?: No

Unit Details

Total Units: 12

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SECT-17 TWP-106 RANGE-013 CITY LANDS 106-13-17 12.09 AC TH PT S1/2 NE1/4 DES AS COM AT SECOR TH W 1150FT TH N33FT FOR PL OF BEG TH W154.35FT TH NW AL N R-O-W T H 52 535.85FT TH NE 124.83FT TH E190.58FT TH N938.31FT TO N LINE S1/2 NE1/4 TH SE385.66FT TH S1288.25FT TO
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 5999
Property ID Number: 631713035873
Tax Year: 2023
Tax Amount: 100742
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Property Overview: Building Type: Light Industrial or Office Status: 1 tenant currently occupying Parking: Ample on-site parking Land: Will need to be re-platted upon sale Available Space: Suite 100 (1st Floor): 23,378 SF available Suite 200 (2nd Floor): 23,378 SF available (currently occupied by a charter school, available 11/1/24) Ideal For: - Light Manufacturing - Warehousing and Distribution - Commercial Services - Industrial Operations Features and Benefits: Versatile Use: Previously used for light industrial purposes, this property is well-suited for a range of industrial and commercial applications. Tenant Income: The existing tenant provides income while leaving significant space available for new ownership use or additional leasing opportunities. Ample Parking: On-site parking available for employees, clients, and visitors. Prime Location: Located on Marion Road, with easy access to major transportation routes and key business hubs in Rochester, MN. Development Potential: The land requires re-platting, offering an excellent opportunity to customize and develop according to specific business needs.
Directions: Traveling East on Hwy 14 turn left on Marion Road. Continue down Marion Road for approximately 4 miles. You will find this property on the East side of the road.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Financing Terms

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Cleared: Yes
Public Transit (w/in 6 blks): Yes

Parking Characteristics

Parking Lot: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Freestanding: Yes
Industrial: Yes
Mixed Use: Yes

Current Use

Manufacturing: Yes
Office: Yes