Urban loft living in the heart of Stewartville. Incredible opportunity for anyone looking for a fun live/work space or a fantastic commercial investment with this high visibility location. Loft consists of 2 bedroom, 1 bathroom, stacked washer/dryer, open floor plan, 15' ceilings which has allowed additional lofted living space over one bedroom and the bathroom. See supplement. Commuter bus to downtown Rochester has pick up within 1/2 block of this building.Ground level has current retail space including 1/2 bath and additional cleaning room with sink. Front of building has been used as office space and most recently served as a commercial retail store. Back of the building includes large overhead door with alley access.Formerly a bank, this 100+ year old building is well constructed and now it is revitalized with fresh style and design for low maintenance and optimal use of new storefront exposure. Improvements include: new roof, new doors and windows, full renovation of loft apartment, new south facing wall facades with entry and sidewalk easement over the city owned (and maintained) lot. Owner willing to lease back loft for up to 1 year at a rate of $1200 per month.
Intersection of Highway 30 (1st St) and Highway 63 (Main St), NE corner.
The approximate monthly Principal & Interest payment for this property would be $1,709. This payment is based on a 30-year loan at a fixed rate of 4.75 % with a down payment of $32,000. Actual lender interest rates and loan programs may vary.
Use our Mortgage Payment Calculator to determine a more exact payment estimate, or Contact a Gerrard-Hoeschler REALTORS Real Estate Agent.
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