2 months on rocket

4788 Maine Ave SE, Rochester, MN, 55904

$799,000

Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #6588288
StatusActive

About 4788 Maine Ave SE

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 Features

Listing Office:

  • Office Name: Realty Growth Inc.

Lot Features

Lot Information:

  • Lot: Corner Lot

School Info

Assigned Schools Information:

  • Mayo Senior High School, Public District Grades 8-12

Other

Directions Information:

  • Directions: located on the corner of 48th St SE and Maine Ave SE

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000

Tax Information:

  • Annual Amount: $19,184
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Rochester, MN.

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Rochester, MN

City

Med. Sold Price

$325K

Med. Price/SqFt

$172

Avg. Days On Market

39

# of Sold Homes

146

4788 Maine Ave SE vs Rochester

77 DAYS ON ROCKET

+38 Days

$799,000

+$474K More

KEY TAKEAWAY

This property is $474K more than the Median Sold Price in Rochester, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6588288

Listing Office:

  • Office Name: Realty Growth Inc.

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Property Sales & Tax

Listing History

Dec 20, 2011Home Sold
$425,000
Jan 10, 2011Home Sold
$1,000,000

Tax History

YEARPROP. TAXASSESSMENT
2020$19,184$638,400
2019$20,184$638,400
2017$13,722$446,900

History based on county public records data.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-2056884
8
/10

  • Mayo Senior High School

  • 1420 11th Ave SE

  • 3.62 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $92,137. Typical income of Rochester, MN residents is between $35k-100k annually. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Rochester, MN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Rochester, MN.

Rochester's housing market showcases a diverse array of options, with single-family homes being a significant presence, reflecting a mix of contemporary and traditional styles. The market also includes a variety of apartments and townhouses, accommodating a range of preferences and needs. The city's homeownership rate is robust, with a substantial portion of residents owning their homes, while the remainder are engaged in the rental market.

What is it like to live in Rochester, MN?

Rochester is celebrated for its welcoming community spirit and vibrant cultural scene. The city prides itself on hosting annual events that reflect its rich heritage and the values of its residents. These gatherings, alongside the city's green spaces and public areas, contribute to Rochester's unique character and the quality of life enjoyed by its inhabitants.

Is it easy to get around Rochester, MN without a car?

The community benefits from a solid educational system, with numerous public and private schools catering to all levels of education, from elementary to high school. Rochester is also home to several healthcare facilities, including a major hospital known for its comprehensive services. The city's public library network serves as a valuable resource for residents, and the variety of retail and dining options reflects the local culture and caters to a range of tastes and preferences.

Transportation in Rochester, MN.

Rochester's transport infrastructure includes a network of roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also mindful of walkability and bikeability, with certain areas being particularly friendly to pedestrians and cyclists. While ride-sharing services are present, they complement the existing transport options, enhancing mobility for residents and visitors alike.

Frequently Asked Questions About 4788 Maine Ave SE

What is the listing price of this property?

The listing price of 4788 Maine Ave SE property is $799,000.

What type of property is this?

The property 4788 Maine Ave SE is land located in Rochester, Minnesota, 55904.

Is this property for sale now?

Active Listing: 4788 Maine Ave SE is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4788 Maine Ave SE are:
Mayo Senior High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $19,184 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 20, 2011 for $425,000. (source: MLS/tax record).
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Rocket Homes›Minnesota›Olmsted County›Rochester›55904›4788 Maine Ave SE

This home is located at 4788 Maine Ave SE in Rochester, MN and zip code 55904. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $799,000.

Rochester, MN housing market in October 2024 saw over 43 listings sold above listed price, more than 35 sold at listed price and over 68 sold below. The inventory of homes for sale in Rochester, MN between September 2024 and October 2024 increased by 0.2%. Listings spent 39 days on the market in October 2024, and had a median list price of $325,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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