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Miracle Mile Shopping Center 115 16th Ave NW 1,350 - 21,366 SF of Retail Space Available in Rochester, MN 55901
HIGHLIGHTS
- Large display windows and excellent highway visibility make this space a desirable option.
- Ample parking and ADA-compliant access.
- Close proximity to St. Mary's Hospital (part of the Mayo Clinic) and located near a major highway, ensuring high traffic.
- New roof installed in 2024, and a modern façade update completed about five years ago.
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 116 | 5,035 SF | - | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $95,665 /YR $7,972 /MO | Triple Net (NNN) | |
| 1st Floor, Ste 122 | 9,500 SF | 9’6” | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $180,500 /YR $15,042 /MO | Triple Net (NNN) | |
| 1st Floor, Ste 15 | 1,350 SF | - | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $25,650 /YR $2,138 /MO | Triple Net (NNN) | |
| 1st Floor, Ste 36 | 5,481 SF | - | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $104,139 /YR $8,678 /MO | Triple Net (NNN) |
115 16th Ave NW - 1st Floor - Ste 116
This approximately 5,000 sq. ft. space (tenant to verify exact size) is perfect for both large national companies and small businesses. Its versatility makes it ideal for retail, office, dining, medical, education, podcasting, health and wellness, and more. With an open layout ready for custom build-out, the possibilities are endless!?????? In a location ready to welcome national companies or small businesses, this space offers incredible potential in one of Rochester’s most well-known retail locations.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air and Heating
- Display Window
- Professional Lease
115 16th Ave NW - 1st Floor - Ste 122
Discover the potential of this versatile commercial property at 122 17th Ave NW in Rochester, MN. Situated near St. Mary's Hospital (part of the Mayo Clinic) and a major highway, this location provides high traffic and excellent visibility. Located in one of Rochester’s most well-known retail areas, this property is designed to fit your business needs!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Private Restrooms
- Fully Carpeted
- Finished Ceilings: 9’6”
- Professional Lease
- Wheelchair Accessible
- large display windows
- outstanding highway exposure
- A turnkey retail space
115 16th Ave NW - 1st Floor - Ste 15
This approximately 1,350 sq. ft. space (tenant to verify) offers a prime location with quick access to Highway 52, just blocks from St. Marys Hospital and minutes from downtown Rochester — home to the world-renowned Mayo Clinic, which welcomes over 3.5 million visitors each year. Thoughtfully designed as a yoga studio, the layout easily adapts to a variety of uses including fitness, retail, office, medical, education, health and wellness, or creative workspaces. With an open layout, private restroom, and warm modern finishes, this space is ready to support your business vision.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air and Heating
- After Hours HVAC Available
- Wheelchair Accessible
- Easy Highway Access
- Prime Location
- Ample Parking
- ADA Accessible
- Vibrant Surroundings
115 16th Ave NW - 1st Floor - Ste 36
This approx. 5,481 sq. ft. (tenant to verify) turn-key retail space is prominently located in the Miracle Mile Center, a well known shopping hub adjacent to Highway 52—one of the busiest roads in Rochester. Perfectly positioned to serve both local residents and international visitors, this site offers outstanding exposure, ample parking, and flexibility for a range of uses, including but not limited to, retail, offices, food services, or corporate operations. Key Features: Incredible Highway Visibility: Located along Highway 52, ensuring maximum exposure to high vehicle traffic. Prime Location: Blocks from St. Marys Hospital, a short drive from Mayo Clinic, and surrounded by a robust commercial and residential community. Parking Abundance: Equipped with plenty of on-site parking to accommodate visitors and staff. ADA Accessible: Designed to accommodate all patrons and employees with ease of access. Dynamic Surroundings: Close to high-end restaurants, retail shops, hotels, and residential areas, creating an ideal ecosystem to drive businesses success. For more information or to schedule a tour, contact Justin Collopy (Justin@rgi-group.com) or Bucky Beeman (Bucky@rgi-group.com).
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Private Restrooms
- After Hours HVAC Available
- Professional Lease
- Wheelchair Accessible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT MIRACLE MILE SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Gibbons Optical
- Health Care and Social Assistance
- 1
- Local
- J D Coin
- Jewelry/Watches
- 1
- Local
- Johnson Fitness & Wellness
- Sporting Goods
- 151
- National
- Miracle Nails
- Cleaners
- 1
- -
- S J Jewelers
- Jewelry/Watches
- 1
- Local
- The CBD Centers
- Home Improvement
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Gibbons Optical | Health Care and Social Assistance | 1 | Local |
| J D Coin | Jewelry/Watches | 1 | Local |
| Johnson Fitness & Wellness | Sporting Goods | 151 | National |
| Miracle Nails | Cleaners | 1 | - |
| S J Jewelers | Jewelry/Watches | 1 | Local |
| The CBD Centers | Home Improvement | 1 | - |
PROPERTY FACTS
| Total Space Available | 21,366 SF | Center Properties | 3 |
| Center Type | Community Center | Gross Leasable Area | 284,948 SF |
| Parking | 374 Spaces | Total Land Area | 16.12 AC |
| Stores | 22 | Year Built | 1952 |
| Total Space Available | 21,366 SF |
| Center Type | Community Center |
| Parking | 374 Spaces |
| Stores | 22 |
| Center Properties | 3 |
| Gross Leasable Area | 284,948 SF |
| Total Land Area | 16.12 AC |
| Year Built | 1952 |
ABOUT THE PROPERTY
Miracle Mile Shopping Center, situated at 115 16th Ave NW in Rochester, Minnesota, is a bustling retail hub featuring a diverse mix of shops, dining establishments, and professional services. Anchored by Fresh Thyme Market and HOM Furniture, the center spans 272,450 square feet and houses approximately 22 businesses. With 374 parking spaces, the shopping center is conveniently positioned near the intersection of US Highway 52 and 2nd Street SW, ensuring high visibility and easy accessibility. Its close proximity to Mayo Clinic's St. Mary's Hospital, residential areas, restaurants, and hotels makes it a key destination for both locals and visitors. Beyond retail, Miracle Mile also hosts essential professional services, including the Olmsted Medical Center clinic, which expanded in 2024 to improve patient access and care. As a dynamic and well-situated commercial hub, Miracle Mile Shopping Center continues to serve the Rochester community with a broad range of shopping, dining, and service options.
- Air Conditioning
- Freeway Visibility
- Property Manager on Site
- Tenant Controlled HVAC
NEARBY MAJOR RETAILERS
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Miracle Mile Shopping Center | 115 16th Ave NW
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