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
PROPERTY TAXES
| Parcel Number | 64.02.12.017868 | Improvements Assessment | $433,000 |
| Land Assessment | $387,000 | Total Assessment | $820,000 |
