218 1st Ave SW 7,920 SF 100% Leased Retail Building Rochester, MN 55902 $1,300,000 ($164.14/SF)

INVESTMENT HIGHLIGHTS

  • Historic 1917 building in the heart of Rochester
  • 2nd Floor Beautifully remodeled while preserving character and appeal
  • Main-floor tenant wants to lease back, ensuring immediate rental income
  • High visibility and heavy foot traffic

EXECUTIVE SUMMARY

Nestled in an unbeatable location, this historic 1917-built commercial property is hitting the market for the first time in years! This two-story building boasts character, charm, and modern updates that make it a standout investment. The beautifully remodeled second-floor space is also leased, with the tenant holding first right of refusal to purchase per their lease agreement. If you’ve been searching for a commercial property with long-term income potential and historic appeal, this is the one!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,920 SF
Building Class
B
Year Built/Renovated
1917/2019
Price
$1,300,000
Price Per SF
$164.14
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
Commercial/Industrial

AMENITIES

  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (83)

NEARBY MAJOR RETAILERS

Caribou Coffee
Dunn Brothers Coffee
Old National Bancorp
U.S. Bank
Saladworks
Hy-Vee
Ymca
Starbucks
Planet Fitness
Cub Foods

PROPERTY TAXES

  • Listing ID: 34921778

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 218 1st Ave SW, Rochester, MN 55902