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Mixed-Use Commercial Opportunity | Downtown 113 N Broadway 16,635 SF 100% Leased Retail Building Rochester, MN 55906 $1,600,000 ($96.18/SF)
Investment Highlights
- - 5 Short Term Rentals (4 units estimated at 500 sq. ft. and 1 unit estimated at 2,500 sq. ft.)
- - 3 Storage Units
- - Blocks from Mayo Clinic
- - 4 Commercial retail spaces (3 spaces currently leased)
- - High Visibility Located right on Broadway in Downtown Rochester, MN
- - Onsite Parking (in back)
Executive Summary
Strategically located directly on Broadway in the heart of Downtown Rochester, Minnesota, this versatile property offers premier visibility, making this an attractive business or investment opportunity. Its prime location, blocks from the Mayo Clinic campus, ensures a consistent flow of foot and vehicle traffic. The building has three forms of income: 5 short-term rentals, 4 commercial retail spaces, and 3 large storage units. This building also offers rare onsite parking in the downtown Rochester, MN area, which adds significant value and convenience, benefiting tenants and staff in a dense urban setting. Zoned to support a variety of uses, this site is perfectly positioned to capitalize on the city’s continued growth!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
16,635 SF
Year Built
1927
Price
$1,600,000
Price Per SF
$96.18
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.21 AC
Opportunity Zone
Yes
Amenities
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 74.35.44.018053 | Improvements Assessment | $380,400 |
| Land Assessment | $519,600 | Total Assessment | $900,000 |
Property Taxes
Parcel Number
74.35.44.018053
Land Assessment
$519,600
Improvements Assessment
$380,400
Total Assessment
$900,000
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Mixed-Use Commercial Opportunity | Downtown | 113 N Broadway
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