Elton Hills Strip Mall

120 Elton Hills Dr NW Rochester, MN 55901

120 Elton Hills Dr NW, Rochester, MN, 55901
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FOR SALE
Property Type:
Strip Center
Amount:
$2,200,000
Last Verified:
Feb 19, 2024

Highlights

  • Ideal Location: High visibility, steady population growth, and economic development
  • Untapped Potential: two renters are already in place, and vacant spaces provide an excellent opportunity to attract additional tenants
  • Value-Add Opportunity: actively contribute to the revitalization of Rochester's commercial landscape, create a vibrant hub that attracts customers make a positive impact on the community.
  • Upside Potential: strong upside potential, ample parking, and flexibility in floor plans.

Description

Welcome to an exceptional investment opportunity in the heart of Rochester! This strip mall is perfectly positioned to contribute to the community's growth and prosperity. With two current renters already established, this property has immense potential to fill the remaining vacant spaces, boosting its income and becoming a valuable asset for investors. As you embark on a tour of the property, you'll witness firsthand the promising aspects that make this a true value-add opportunity.
With its strategic location, untapped potential, value-add prospects, upside benefits, and community engagement possibilities, it promises both financial rewards and a chance to make a lasting impact. Take a tour today to witness firsthand the potential for growth and success that awaits you in this thriving community.

Located just off Elton Hills Drive NW near Dunn Brothers Coffee.


Year Built: 1995
Building Size: 10920sq ft
Lot Size: 1.23 acres


Documents

Custom Flyer (P)
Offering Memorandum (L)

Map of 120 Elton Hills Dr NW, Rochester, MN, 55901

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.