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2002 2nd St SW 24,498 SF 100% Leased Retail Building Rochester, MN 55902 $2,500,000 ($102.05/SF)
Investment Highlights
- 30+ Onsite Parking Spaces
- Commercial Kitchen & Halls
- Blocks from Mayo Clinic Expansion
- In-Place Rental Income
- On "Link" Rapid Transit Route
- Expansive Storage & Office Space
Executive Summary
This versatile building features a robust layout designed for high-capacity use, including several retail spaces, two large gathering halls, an expansive basement with ample storage, and a commercial-grade kitchen. The interior is well-appointed with private offices and multiple gathering rooms, making it a highly functional asset for an owner-occupier or an investor. Ample onsite parking with over 30 dedicated spaces is a standout feature for this location, providing exceptional convenience in a busy commercial corridor. Currently home to multiple tenants, the property offers the immediate benefit of guaranteed income with significant room for specialized operations or expansion.
Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the direct path of the historic $5 billion "Bold. Forward. Unbound." expansion. With easy access to major highways and proximity to a variety of established retail shops, this site is perfectly positioned to capitalize on Rochester’s massive economic momentum. This is an excellent opportunity to secure a significant footprint in one of the city’s most dynamic districts. Reach out with any questions—we can't wait to show it to you!
**Owner is open to exploring long-term leasing opportunities for the space in addition to a sale. Please contact the listing agents to discuss potential lease terms or subdivision options
Positioned on the highly traveled 2nd Street SW, the property is situated directly on the route of the upcoming 2.8-mile "Link" Rapid Transit line, which will further enhance visibility and accessibility. This prime location is just blocks from the Mayo Clinic and Saint Marys campuses, placing it in the direct path of the historic $5 billion "Bold. Forward. Unbound." expansion. With easy access to major highways and proximity to a variety of established retail shops, this site is perfectly positioned to capitalize on Rochester’s massive economic momentum. This is an excellent opportunity to secure a significant footprint in one of the city’s most dynamic districts. Reach out with any questions—we can't wait to show it to you!
**Owner is open to exploring long-term leasing opportunities for the space in addition to a sale. Please contact the listing agents to discuss potential lease terms or subdivision options
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,498 SF
Building Class
C
Year Built
1969
Price
$2,500,000
Price Per SF
$102.05
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.85 AC
Zoning
MXT-COR
Parking
40 Spaces (1.63 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Fireplace
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64.03.22.025830 | Improvements Assessment | $912,100 |
| Land Assessment | $443,700 | Total Assessment | $1,355,800 |
Property Taxes
Parcel Number
64.03.22.025830
Land Assessment
$443,700
Improvements Assessment
$912,100
Total Assessment
$1,355,800
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2002 2nd St SW
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