4788 Maine Ave SE Rochester, MN 55904
Estimated payment $5,697/month
Highlights
- Corner Lot
- Mayo Senior High School Rated A-
- No HOA
About This Lot
Prime Commercial Real Estate Opportunity in Rochester, MN
Location: Shoppes on Maine, Rochester, MN
Lot Size: 64,033 square feet
Property Overview:
Seize the opportunity to establish your business in a premier location at the entrance of the Shoppes on Maine. This expansive 64,033 square foot corner lot is perfectly positioned for retail or lodging developments, offering unmatched visibility and access.
Key Features:
Proximity to Major Retailers: The lot is surrounded by renowned national retailers, including Target, Lowe's, PetSmart, Ross Dress for Less, Burlington Coat Factory, Maurices, Old Navy, and more. Additionally, well-known lodging options like La Quinta, Microtel, and Comfort Inn are nearby, adding to the appeal for potential customers.
Thriving Restaurant Scene: The area boasts a variety of popular dining options, making it a lively destination for both locals and visitors. Nearby restaurants include Noodles & Company, Fat Willy's, Rooster's Too, and Caribou Coffee, offering a diverse range of dining experiences that draw consistent foot traffic.
Signalized Intersection: The property is situated at a signalized intersection, ensuring high visibility and ease of access for your business.
Direct Highway Access: Benefit from direct access to US Highway 63 via 48th Street SE/CR 20, connecting your business to the broader Rochester area and beyond.
Completed Parking Lot: A fully completed parking lot on-site enhances the property’s functionality, making it convenient for both customers and employees.
Why Choose This Location?
With its strategic location and excellent access, this lot offers an exceptional opportunity for businesses looking to capitalize on the bustling commercial activity in the Shoppes on Maine area. Don’t miss out on securing this prime spot for your next retail or lodging venture!
Property Details
Property Type
- Land
Est. Annual Taxes
- $17,276
Lot Details
- Lot Dimensions are 285x235
- Corner Lot
- Finished Lot(s)
Schools
- Bamber Valley Elementary School
- Willow Creek Middle School
- Mayo High School
Community Details
- No Home Owners Association
- Maine Street Dev Subdivision
Listing and Financial Details
- Assessor Parcel Number 642641076830
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,276 | $638,400 | $638,400 | $0 |
| 2023 | $17,276 | $638,400 | $638,400 | $0 |
| 2022 | $19,272 | $638,400 | $638,400 | $0 |
| 2021 | $19,184 | $638,400 | $638,400 | $0 |
| 2020 | $20,184 | $638,400 | $638,400 | $0 |
| 2019 | $13,722 | $638,400 | $638,400 | $0 |
| 2018 | $14,337 | $446,900 | $446,900 | $0 |
| 2017 | $14,802 | $446,900 | $446,900 | $0 |
| 2016 | $15,428 | $446,900 | $446,900 | $0 |
| 2015 | $15,146 | $446,900 | $446,900 | $0 |
| 2014 | $15,202 | $446,900 | $446,900 | $0 |
| 2012 | -- | $446,900 | $446,900 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | Pending | -- | -- | -- |
| 08/20/2024 08/20/24 | For Sale | $799,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $425,000 | None Available | |
| Limited Warranty Deed | $1,000,000 | First American Title Ins C |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $11,100,000 | Unknown |
Source: NorthstarMLS
MLS Number: 6588288
APN: 64.26.41.076830
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