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220 Broadway Ave S - Investment Opportunity: 13-Unit Biz Con 25,451 SF Office/Retail Condo Unit Offered at $1,000,000 in Rochester, MN 55904
Investment Highlights
- Massive Price Reduction: Now $1,000,000 (Reduced from $2,062,500)
- Stable Tenant: Smith, Schafer & Assoc. in place through 8/31/2028.
- Main Floor Footprint: Encompassing the entire ground level of Center Plaza
- High-Yield Income: $13,750/month base rent (~16.5% Gross CAP).
- Low-Overhead: Tenant pays HOA dues, Real Estate taxes, and utilities.
- Premier Location: Skyway-connected, Broadway S frontage, steps from Mayo Clinic.
Executive Summary
A premier downtown investment opportunity: the entire ground floor of the prestigious Center Plaza in Rochester. This expansive main-floor suite is comprised of 13 bundled parcel IDs, offering a significant footprint with prime Broadway Ave S frontage. Located in the heart of downtown, the property shares the building with Hotel Indigo and is steps away from CRAVE, the Rochester Chamber of Commerce, and RAEDI. This premier main-floor footprint is fully skyway-connected and located just steps from the Mayo Clinic campus, ensuring a steady flow of professional and medical traffic. Anchored by Smith, Schafer and Associates Ltd. (lease through August 2028), the property generates $13,750/month in stable, immediate cash flow. The versatile interior layout features a mix of private executive offices, open collaborative workspaces, and professional conference rooms. With a recently renovated exterior (2020), the property offers a modern, polished presence in Rochester's premier business corridor—perfect for the investor seeking a stable, income-producing asset in a world-class location.
Property Facts
| Total Building Size | 25,451 SF | Typical Floor Size | 25,451 SF |
| Property Type | Office (Condo) | Year Built | 1969 |
| Property Subtype | Lot Size | 1.04 AC | |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 1 | ||
| Zoning | CDC-CBD | ||
| Total Building Size | 25,451 SF |
| Property Type | Office (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 25,451 SF |
| Year Built | 1969 |
| Lot Size | 1.04 AC |
| Opportunity Zone |
Yes |
| Zoning | CDC-CBD |
Amenities
- 24 Hour Access
- Bus Line
- Skyway
- Wheelchair Accessible
- Kitchen
- Central Heating
- Fully Carpeted
- Partitioned Offices
1 Unit Available
Unit 201
| Unit Size | 25,451 SF | Condo Use | Office/Retail |
| Price | $1,000,000 | Sale Type | Investment or Owner User |
| Price Per SF | $39.29 |
| Unit Size | 25,451 SF |
| Price | $1,000,000 |
| Price Per SF | $39.29 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
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220 Broadway Ave S - Investment Opportunity: 13-Unit Biz Con
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