Huge potential for mixed-use or commercial development in downtown Cottage Grove and on the river. The current building can be developed into a 3-5 story multifamily building with 22-46 apartments. Cottage Grove has a 1% rental vacancy rate, so more apartments are needed! The city does not require off-street parking for new developments. See the attached brochure for floor plans and extra information. This property has 10 off-street parking spots, views of the river, and a 5,830 Sqft building. This building has 3 offices, a yoga/dance studio, and changing rooms with 2 saunas, a receptionist desk, and a storage room.
23133655
Business Opportunities, 1 Story
Lane
1952
0.36
Acres
1
Public Sewer
5,830
Sq. Ft.
Office, Retail
Interior Features
- Cooling
- None
- Heating
- Other. Heat Pump.
Exterior / Lot Features
- Parking
- 10 Parking Spaces. On Site.
- Roof
- Composition, Flat, Shingle
- Lot View
- City, River
- Zoning
- C-2 (H)
- Additional Exterior/Lot Features
- Waterfront.
Financial Considerations
0895209
$7,358
Cash, Conventional
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