Kevin Goettl - Commercial Real Estate Showcase

Kevin Goettl Property Listings
RE/MAX Results
15451 Founders Ln
Apple Valley, MN 55124

906 - 1002 2nd Street NE - Richard's Strip Center

Rochester, MN 55906-4433

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1900
Building Size:12,702 SF Land Area:.44 AC (19,345 SF)
Ceiling Height:12'0'' Loading Docks:2 ext Rail:- Power:-
For Sale Price:$400,000 Price/SF:$31.49
Cap Rate:7.00 %
Zoning:- Sprinklers:- Drive Ins:4 tot. Cranes:-
Parking:20 Surface spaces are available; Ratio of 1.57/1,000 SF

Multi use commercial building consisting of four basic sections. One space formerly used as a house of worship. One industrial warehouse with a loading doc. One section is three levels with offices, a kitchen and two patios. One space is a 20x70 finished garage with two over head doors and an office. That space is currently used for auto repair. This building is in great shape. There are two parcel I.D.'s. Seller will split the garage off for $140,000 and the main building for $300,000
Located a few blocks out of downtown. Adjacent to RR tracks and a walking path in a mixed use residential area. Growing city centered around the Medical industry. Versatile property that could be used as is or accommodate different types of development.

Sale Notes:
Commercial mixed use strip center. 7 tenants under lease in this updated low maintenance flex space building. Auto service, theater group, church, photographer, special craft and two garages. There are three levels of vacant office space (some remodeled some not) with a balcony, common kitchen and 2nd lvl patio. Newer steel siding, windows, roofing, updated gas service, new electric service. Occupy the office space or use it to create more revenue. 6.5% cap with vacant office suites.

Rochester's original train depot. This building is adjacent to a railway easement and walking path. It's tucked in a residential neighborhood just a short walk or bike ride to the Rochester Civic Center, Mayo Clinic and everything downtown. Off street and on street parking.

RE/MAX Results
Kevin Goettl
(952) 431-2400

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