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1902 2nd St SW 490 - 1,596 SF of Retail Space Available in Rochester, MN 55902
HIGHLIGHTS
- High visibility along 2nd Street SW
- Newly improved building façade
- Excellent traffic and exposure
- Convenient access and on-site parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 490-1,596 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $28,728 /YR $2,394 /MO | Triple Net (NNN) |
1st Floor
Position your business for success in this retail space located along highly traveled 2nd Street SW. This property offers exceptional visibility, strong traffic counts, and excellent exposure in one of Rochester’s key commercial corridors. The building features a newly updated façade, providing a fresh, professional look that enhances curb appeal. The space offers versatility with the option to divide into two suites—one at 490 sq. ft. and the other at 1,106 sq. ft.—making it suitable for a wide range of retail or service-based uses seeking a prominent, accessible location. This property is also positioned along the future Link Bus Rapid Transit (BRT) line, a fare-free, electric bus service currently under development. Running along a 2.8-mile corridor on Second Street SW, Link will connect major destinations including Mayo Clinic campuses, downtown, and the University of Minnesota–Rochester. Construction is underway, with operations expected to begin in 2027, offering increased accessibility and potential customer traffic. An excellent opportunity to secure space in a high-growth, high-visibility area of Rochester.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Central Air and Heating
- Wheelchair Accessible
- High visibility along busy 2nd Street SW
- Excellent traffic and exposure
- Newly improved building façade
- Convenient access and on-site parking
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.
PROPERTY FACTS
| Total Space Available | 1,596 SF | Gross Leasable Area | 7,808 SF |
| Min. Divisible | 490 SF | Year Built | 1945 |
| Property Type | Retail | Parking Ratio | 1.66/1,000 SF |
| Total Space Available | 1,596 SF |
| Min. Divisible | 490 SF |
| Property Type | Retail |
| Gross Leasable Area | 7,808 SF |
| Year Built | 1945 |
| Parking Ratio | 1.66/1,000 SF |
ABOUT THE PROPERTY
Position your business for success in this retail space located along highly traveled 2nd Street SW. This property offers exceptional visibility, strong traffic counts, and excellent exposure in one of Rochester’s key commercial corridors. The building features a newly updated façade, providing a fresh, professional look that enhances curb appeal. The space offers versatility with the option to divide into two suites—one at 490 sq. ft. and the other at 1,106 sq. ft.—making it suitable for a wide range of retail or service-based uses seeking a prominent, accessible location. This property is also positioned along the future Link Bus Rapid Transit (BRT) line, a fare-free, electric bus service currently under development. Running along a 2.8-mile corridor on Second Street SW, Link will connect major destinations including Mayo Clinic campuses, downtown, and the University of Minnesota–Rochester. Construction is underway, with operations expected to begin in 2027, offering increased accessibility and potential customer traffic. An excellent opportunity to secure space in a high-growth, high-visibility area of Rochester.???? This property is also positioned along the future Link Bus Rapid Transit (BRT) line, a fare-free, electric bus service currently under development. Running along a 2.8-mile corridor on Second Street SW, Link will connect major destinations including Mayo Clinic campuses, downtown, and the University of Minnesota–Rochester. Construction is underway, with operations expected to begin in 2027, offering increased accessibility and potential customer traffic. An excellent opportunity to secure space in a high-growth, high-visibility area of Rochester.
- 24 Hour Access
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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1902 2nd St SW
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