- For Sale $1,200,000
- Property Type Other
- Year Built 1964
- Date Updated Jan 21, 2025
Unlock the Potential! Discover this prime property that once housed a popular restaurant, now cleared and transformed into a versatile shell space, ready for your creative vision. Located in an established residential neighborhood surrounded by a vibrant mix of retail, this lot offers endless possibilities for residential, commercial, or mixed-use development.
Land Description: This property consists of two parcels (0.86 Acres), providing exceptional flexibility for your project. With a high visibility rate of 4,950 AADT, you’ll benefit from easy access and strong exposure, making it an ideal spot for your next venture.
Building Information: The existing structure can be repurposed to suit your needs or torn down to make way for your vision. Whether you envision a modern residential complex, a vibrant retail hub, or an innovative mixed-use space, the canvas is yours to design!
Neighborhood Highlights: Residents will appreciate the convenience of nearby parks, restaurants, and shopping centers, creating a dynamic environment that attracts both visitors and locals. This prime location is set to become a thriving hub for future success.
Investment Opportunity: Don’t miss out on this exceptional chance to capitalize on the growing demand in this desirable area. Your vision can take shape here—transform this clean, ready-to-develop space into something extraordinary!
Reach out to the broker for more info on lease terms and amenities
Highlights
- 4950 AADT (Average Annual Daily Traffic) on 16th Ave NW
- Versatile shell space ready for residential, commercial, or mixed-use development.
- Convenient location near parks, restaurants, and shopping centers for a dynamic community feel.
- Exceptional investment opportunity in a high-demand area with endless potential.
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Contacts
Location
Getting Around
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Walk Score ®
93/100
Walker's Paradise
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Bike Score ®
72/100
Very Bikeable
- City Rochester, MN
- Zip Code 55901
Points of Interest
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Electric Car Charging Station
0.37 miles
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Sinclair
0.38 miles
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Kwik Trip
0.65 miles
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Holiday
0.66 miles
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Baraka Super Gasoline
0.83 miles
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Marathon
1.01 miles
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Tesla Supercharger
1.11 miles
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Casey's General Store
1.38 miles
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Nissan
3.65 miles
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Ford
4.01 miles
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Damon Parking Ramp
0.09 miles
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Baldwin Parking Ramp
0.10 miles
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Mayo Clinic Valet Parking
0.11 miles
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Mayo Clinic Employee Ramp 9
0.14 miles
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Mayo Clinic Employee Ramp 12
0.18 miles
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Graham Parking Ramp
0.20 miles
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Kahler Hotel Parking Ramp
0.23 miles
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Mayo Block 6 Parking Ramp
0.25 miles
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3rd Street Parking Ramp
0.26 miles
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Charter House Ramp
0.28 miles
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Marriott Residence Inn
0.10 miles
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TownePlace Suites - Downtown Rochester
0.11 miles
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Kahler Inn & Suites
0.13 miles
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International Hotel
0.18 miles
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Brentwood Inn & Suites
0.19 miles
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Kahler Grand Hotel
0.21 miles
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Marriott - Mayo Clinic Area
0.21 miles
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Hilton Garden Inn
0.30 miles
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Broadway Residence and Suites by Bridgestreet
0.33 miles
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Centerstone Plaza Hotel
0.34 miles
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CB3 Burgers & Brew
0.11 miles
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Yum! Poké Hawaiian
0.13 miles
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Jimmy John's
0.15 miles
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Qdoba
0.20 miles
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Saladworks
0.21 miles
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Cinnabon
0.23 miles
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Dunkin' Donuts
0.23 miles
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Victoria's Ristorante & Wine Bar
0.24 miles
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Newt's
0.26 miles
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Michael’s
0.27 miles
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St. John Catholic Middle School
0.05 miles
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Saint John's School
0.06 miles
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Mayo College Buildings
0.15 miles
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Mayo College
0.15 miles
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Mayo Clinic College of Medicine and Science;Mayo Medical School
0.16 miles
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Mayo Clinic College of Medicine and Science
0.19 miles
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University of Minnesota - Rochester
0.25 miles
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318 Commons
0.30 miles
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Winona State University - Downtown Rochester
0.39 miles
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Northrop Education Center
0.67 miles
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New Horizon Academy
0.40 miles
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Green Meadows KinderCare
1.77 miles
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Kids Come First
1.78 miles
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Al Imra Daycare
2.25 miles
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O2B Kids Preschool
2.66 miles
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University of the Child
2.66 miles
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KinderCare
2.68 miles
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Children's Beginnings
2.75 miles
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Precious Pebbles Preschool
2.90 miles
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Knowledge Beginnings
3.52 miles
Frequently Asked Questions
The space currently listed for sale at 432 16th Ave NW - 16th Ave NW Commercial Potential asks for $1,200,000.
432 16th Ave NW - 16th Ave NW Commercial Potential totals 1 square feet.
432 16th Ave NW - 16th Ave NW Commercial Potential was built in 1964.
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